Egypt's current account gap narrows, but overall BoP records deficit    Egypt's PM reviews debt reduction strategy, eyes more private investment    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt, India discuss expanding industrial, investment partnerships    World Bank proposes Egypt join new global health initiative    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Egypt welcomes 25-nation statement urging end to Gaza war    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian pound ticks down in early Tuesday trading    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt, Somalia discuss closer environmental cooperation    Egypt exports 175K tons of food in one week    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, Uruguay eager to expand trade across key sectors    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Shaimaa Al Aees
Egypt offers large areas of industrial land free of charge
Egypt's Prime Minister Mostafa Madbouly has announced that the government is currently preparing for establishing an industrial city project on an area of 5 million sqm in New 6th of October City. The project includes industrial, logistical, (...)

03 - 01 - 2023
Egypt's gold mania result of traders' speculation, not demand-driven: Pundits
Gold prices in Egypt witnessed unprecedented spikes several times after the Russian-Ukrainian crisis, reaching record-high levels. The price of a gram of 21-karat gold exceeded EGP1200 ($48.73) for the first time on 9 May, to exceed it on 15 (...)

27 - 12 - 2022
Egypt's Real Estate Development Chamber to propose new financing mechanisms in coordination with CBE
The Board of Directors of the Real Estate Development Chamber at the Federation of Egyptian Industries presented the most prominent successes achieved by the chamber during 2022. These successes were based on the continuous follow-up of market (...)

19 - 12 - 2022
IMF loan to secure hard currency needed for importing production requirements: Manufacturers
The International Monetary Fund (IMF) Executive Board Friday approved a 46-month arrangement under the Extended Fund Facility (EFF) for Egypt in an amount of $3bn. Egypt's IMF-supported programme presents a comprehensive policy package to preserve (...)

17 - 12 - 2022
Egypt's Urban Development Fund opens reservations for Darah project through HDB
Chairperson of the Urban Development Fund (UDF) Khaled Sedeek announced the opening of reservations for the Darah project — one of the projects of the presidential National Sustainable Cities initiative — starting from Sunday 18 December until (...)

12 - 12 - 2022
Reducing subsidisation of financing initiative for middle-income segment places burden on property developers: Experts
The Egyptian government announced that it is reducing the subsidised financing tranche allocated within the mortgage financing initiative for the middle-income segment at an 8% interest rate on a decreasing basis to EGP 15bn instead of EGP 50bn (...)

05 - 12 - 2022
Egypt to witness 2.7% increase in remittance flows for 2022: The World Bank
Egypt is expected to gain about 2.7% in remittance flows for 2022 to reach $32bn, according to the World Bank's Remittances Brave Global Headwinds Special Focus: Climate Migration report. The report said that this development may reflect a (...)

03 - 12 - 2022
Adopting flexible exchange rate to benefit Egyptian exports
Manufacturers, exporters, and experts agreed that there is no doubt that the Egyptian pound flotation would significantly increase Egyptian exports. They believe that the depreciation of the Egyptian pound against the dollar will increase the value (...)

29 - 10 - 2022
Schneider Electric provides equal opportunities to ensure employees feel uniquely valued, safe: Chief HR Officer
"Schneider Electric builds a culture of respect where everyone feels safe to be their authentic selves. We are 100% committed to inclusion and our policies reflect this commitment to our employees," said Chief HR Officer at Schneider Electric (...)

23 - 10 - 2022
Developers' offering guaranteed rental income to property owners is 'advertising', unrealistic: Experts
Some real estate developers came up with an unusual idea to market their projects, especially in the New Administrative Capital, as they would offer guaranteed rental income to unit owners for a specified period after completing the project, even if (...)

03 - 10 - 2022
Egyptian Banking Institute expands training programmes in Egypt, Africa during FY2022
The Egyptian Banking Institute (EBI), the official training arm of the Central Bank of Egypt, announced its achievements for fiscal year (FY) 2021/22, confirming its commitment to develop and train the human capital in the banking and financial (...)

27 - 09 - 2022
MNHD intends to deliver 1,500 units by year-end
Madinet Nasr for Housing and Development (MNHD) has completed the delivery of approximately 832 units during the first half of this year, as part of its plan to complete between 1,500 – 2,000 units by the end of 2022, up from 1,090 units delivered (...)

23 - 09 - 2022
Indian Defence Minister to visit Egypt to discuss cooperation
Indian Minister of Defence Raksha Mantri Shri Rajnath Singh will visit Egypt from 19 to 20 September to further consolidate the defence cooperation between the two countries, according to the India Press Information Bureau (PIB). During the visit, (...)

17 - 09 - 2022
Fayoum's Al-Sawaqi meets requirements of urban development city: Egypt's PM
Prime Minister Mostafa Madbouly and his companions inspected the latest developments in Fayoum's Al-Sawaqi area on Tuesday, ensuring the optimal utilisation of all state assets and capabilities in a manner that benefits the citizens of the (...)

07 - 09 - 2022
Adopting value engineering would circumvent building materials' price hikes
The price spikes in construction materials in Egypt's real estate market, high rates of inflation, and the interest rates have led real estate developers to increase their units' prices amid expectations that prices will hike by more than 30% by the (...)

29 - 08 - 2022
Federation of Industries confirms need for new monetary policies to promote industrial investment
The Federation of Egyptian Industries (FEI) affirmed that the current period is in need of new monetary policies that promote industrial investment, as well as new policies needed by the national economy and the Egyptian industry in particular. The (...)

18 - 08 - 2022
Egypt's industry still needs support, much work to be done by new minister
Former MP Ahmed Saleh was appointed as the new Minister of Industry and Trade — succeeding Nevine Gamea — on Saturday, with many believing that he has his work cut out for him, given that the state's current strategy relies heavily on (...)

15 - 08 - 2022
CBE works on strengthening e-payment infrastructure nationwide: Assistant Subgovernor
The Central Bank of Egypt (CBE) works on strengthening the e-payment infrastructure in order to transform into a society less dependent on banknotes, and to achieve the independence of payment systems within Egypt, according to Ehab Nasr, the CBE (...)

08 - 08 - 2022
Real estate developers believe Egypt's property market capable of absorbing shocks
Chairperson of Hometown Developments Diaa El-Din Farag has stated that the real estate sector faces some challenges, including increase in prices of building materials, and shortage of some raw materials, due to low production and importation (...)

22 - 06 - 2022
Think Commercial roundtable suggests new mechanisms to deal with global challenges
The 6th Think Commercial roundtable stressed the importance of market controls issued by the Egyptian Cabinet to regulate the sale of real estate units in Egypt. The roundtable, titled "Egypt's Real Estate Market: Mechanisms to Overcome the Global (...)

21 - 06 - 2022
Proposal to provide mortgage for under-construction units stimulates local market, but needs CBE support
Egypt's Financial Regulatory Authority (FRA) held a meeting last week of the Mortgage Finance Advisory Committee to discuss proposals for developing the mortgage finance system, overcoming any obstacles facing it, and increasing mortgage finance (...)

20 - 06 - 2022
Egyptian investors to provide investment banking through fintech
A group of local investors joined together on Tuesday to apply for a license from the Financial Regulatory Authority (FRA) to establish the first company to operate in the field of Investment Banking through the use of fintech, which will be called (...)

15 - 06 - 2022
Egypt works hard to contain current, future inflation, maintain jobs, investments: CBE Governor
Egypt works hard to fight the current and future inflation, maintain growth, and protect jobs. This is a very difficult formula to keep investments and put inflation under check, which the Central Bank of Egypt (CBE) is currently struggling about. (...)

15 - 06 - 2022
Property developers suggest solutions to overcome bottleneck in market
Several challenges are facing Egypt's real estate sector at the present time in light of economic changes that the whole world is witnessing, and what i reflected in the hikes in prices of building raw materials. In addition to a number of internal (...)

13 - 06 - 2022
Egypt has become symbol of growth resilience in Africa: Afreximbank
As the only one of the three Africa largest economies (the others are Nigeria and South Africa) where GDP growth expanded strongly even at the peak of the pandemic downturn (3.3%), Egypt has become the symbol of growth resilience for the continent, (...)

12 - 06 - 2022
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