Egypt's central bank withdrew 740.850 billion Egyptian pounds in excess liquidity from 22 banks during its latest open market operation on Tuesday.
The Central Bank of Egypt (CBE) accepted all bids at a fixed interest rate of 25.5 per cent, (...)
Egypt approved the creation of a National Council for Health Tourism as part of efforts to position itself as a regional hub for medical and wellness travel, the Cabinet said following its weekly meeting on Tuesday.
Chaired by the Deputy Prime (...)
Egypt's Cabinet has approved on Tuesday the formation of a supreme committee to implement a national risk-based system for customs clearance, part of a broader push to streamline trade and enhance inter-agency coordination.
Chaired by a (...)
Egypt will launch a unified online licensing platform next month, offering 389 services to investors as part of a broader push to streamline bureaucracy and drive private-sector growth, Investment and Foreign Trade Minister Hassan El-Khatib said (...)
Egypt's Food Industries Holding Company, under the Ministry of Supply and Internal Trade, has launched its product range on Amazon Egypt, aiming to expand its digital footprint and reach more consumers. The move aligns with Minister Sherif Farouk's (...)
At the United Nations Economic and Social Council (ECOSOC) Forum on Financing for Development, Egypt's Minister of Planning Rania Al-Mashat, called for an enhanced global partnership to address the escalating financing challenges facing developing (...)
Egypt's Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat revealed on Tuesday that the government will announce the details of its "National Economic Development Narrative" in June. This strategic blueprint (...)
Egyptian Prime Minister Moustafa Madbouly on Monday toured the Future of Egypt Sustainable Development Projects in the New Delta region, underscoring the government's push for sustainable development and local economic growth through strategic (...)
Egypt is working to restructure its Mineral Resources Authority into an independent economic body as part of a broader push to unlock the country's untapped mineral wealth and dramatically increase mining's contribution to GDP.
Petroleum and Mineral (...)
Egypt's Financial Regulatory Authority (FRA) has on Monday greenlit two Shariah-compliant sukuk issuances worth a combined 5.8 billion Egyptian pounds. The move marks a significant step in the country's push to deepen its Islamic finance sector and (...)
Egypt's Minister of Supply and Internal Trade Sherif Farouk met on Sunday with executives from Orascom Construction to review progress on a major logistics warehouse project in Fayoum.
The project, deemed a national priority, will serve Fayoum and (...)
Egypt's Suez Canal Economic Zone (SCZone) has secured $8.3 billion in investments across 272 projects from the 2022/2023 fiscal year to March 2025, with a significant focus on renewable energy, pharmaceuticals, and automotive sectors, its chairman (...)
Egypt's central bank governor Hassan Abdalla called for stronger global policy coordination to support emerging markets hit by trade wars, supply chain disruptions, and volatile investment flows.
Speaking at the G20 finance ministers and central (...)
Egypt's Central Bank Governor Hassan Abdalla met on Sunday with Nigel Clarke, Deputy Managing Director of the International Monetary Fund (IMF), on the sidelines of the IMF and World Bank Spring Meetings held in Washington, D.C.
According to a (...)
International Monetary Fund (IMF) Deputy Managing Director Nigel Clarke praised Egypt's handling of its economy during a meeting with Central Bank Governor Hassan Abdalla on the sidelines of the IMF and World Bank Spring Meetings in (...)
US President Donald Trump declared on Saturday that all American ships — both military and commercial — should be allowed to pass through the Panama and Suez canals without paying fees.
"American Ships, both Military and Commercial, should be (...)
The 41st edition of the Africa and Middle East Depository and Central Clearing Houses (AMEDA) annual Forum is taking place in Lagos, Nigeria, on Wednesday, April 23, 2025. Hosted by the Central Securities Clearing System (CSCS) Plc, the three-day (...)
Egypt's Housing Minister Sherif El-Sherbiny was named among the top 10 real estate policymakers shaping the real estate landscape in their countries, the Cabinet said Wednesday, citing Forbes Middle East's latest list.
"Governments play a key role (...)
The Egyptian Tax Authority (ETA) on Wednesday rejected claims that a value-added tax (VAT) would be introduced on sugar in the 2025/2026 fiscal year, reaffirming that sugar remains exempt under existing tax laws.
In a statement, the authority (...)
Egypt's Finance Minister Ahmed Kouchouk and Rwandan counterpart Uzziel Ndagijimana discussed expanding private sector investments between their countries during a meeting on the sidelines of the International Monetary Fund (IMF) and World Bank (...)
The International Monetary Fund (IMF) on Tuesday raised its GDP growth forecast for Egypt, projecting expansion of 3.7 per cent in 2025, up from its January estimate of 3.6 per cent.
According to the IMF's World Economic April 2025 Outlook database, (...)
Egypt's Finance Minister Ahmed Kouchouk is in Washington this week for the International Monetary Fund (IMF) and World Bank talks, pitching Cairo's recovery and urging support on debt relief and climate financing for developing nations.
In a packed (...)
Egypt's central bank denied reports suggesting it had stopped printing polymer banknotes, affirming that production of the EGP 10 and EGP 20 plastic notes is ongoing and that both polymer and paper versions will continue to circulate (...)
The African Development Bank (AfDB) plans to channel $300 million into Egypt's private sector in 2025, with a focus on financing small and medium enterprises (SMEs), large companies, and providing credit lines, Egypt's planning minister said on (...)
Egypt exported 215,000 tons of food products in the week ending April 18, with potatoes and citrus fruits topping the list of outbound shipments, according to the National Food Safety Authority's latest weekly report on Sunday.
A total of 4,410 (...)