URGENT: IMF lifts Egypt's 2025 growth forecast to 4%    Gold prices rise slightly on July 29th    Egypt's FM urges UK to pressure Israel to stop Gaza war    H. Kong's trade volume jumps in June '25    Egypt's anti-drug body launches new awareness phase in Maspero Triangle    Minister El-Shimy pushes for stronger returns, partnerships in real estate, construction sectors    Apparel, textile chambers engage with Chinese delegation to explore investment opportunities in Egypt    Agiba Petroleum starts production from Arcadia-28 at 4,100 BOE/day    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Obama calls for aid access to Gaza, says 'no justification' for withholding food    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Egypt will keep pushing for Gaza peace, aid: PM    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    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    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 aya salah
Would the global trade come to a standstill as supply chain crisis worsens?
The US-China trade war, climate change, and the global pandemic have started a disruption in supply chains that spread like wildfire around the world. Major industries including automotive, electronics, pharmaceuticals, medical equipment and (...)

18 - 10 - 2021
FAB begins share transfer in Bank Audi acquisition
First Abu Dhabi Bank (FAB) has begun the share transfer process in its acquisition of 100 percent of Bank Audi's Egypt, FAB announced yesterday Once the share transfer is complete, FAB will begin merging the assets and operations of both Bank Audi (...)

22 - 04 - 2021
Egypt, Pakistan may sign an MoU between Suez Canal Authority, Gwadar Port Authority
Egypt and Pakistan discussed the possibility of signing a memorandum of understanding (MoU) between the Suez Canal Authority (SCA) and Gwadar Port Authority, according to statement by the Pakistani maritime affairs ministry According to the (...)

17 - 04 - 2021
Egypt's balance of payments reaches $1.5bn surplus in H2 2020: CBE
Egypt's balance of payments (BOP) recorded an overall surplus of $1.5bn in H2 of 2020, compared to a deficit of $9bn in the previous half a recent data from the Central Bank of Egypt showed. This also compared to the surplus of $410.9m in the (...)

14 - 04 - 2021
Current account deficit widens 66.9 % during H1 of FY20/2021, CBE
The current account deficit rose by 66.9 percent to record $ 7.6 billion during the First Half of FY 2020/20212021 against $ 4.6 billion in the corresponding period, according to data released by central bank figures (pdf) released last night. The (...)

13 - 04 - 2021
Egypt successfully refloated Ever Given that blocked Suez Canal almost a week
Egypt announced on Monday that the Panamanian container ship has been successfully re-floated, according to Admiral Osama Rabie, Chairman and Managing Director of the Suez Canal Authority. This was the result of successful push and tow maneuvers (...)

29 - 03 - 2021
Egypt's long-time women rights fighter Nawal El Saadawi passes away at 90
Nawal El Saadawi who was often perceived as the most radical feminist in modern day Egypt has passed away at 90. She has for a long time been considered as a women's rights activist. Although the Egyptian figure's background was as a physician and a (...)

21 - 03 - 2021
EBRD approves $100mln financing package to Banque Du Caire for Egyptian MSMEs
Banque du Caire received US$ 100 million financing package from The European Bank for Reconstruction and Development (EBRD) for trade financing and on-lending to local micro-, small and medium-sized companies (MSMEs). EBRD is supporting the Egyptian (...)

18 - 03 - 2021
Egypt to launch vehicle replacement initiative before March-end, minister
Egypt's plans to replace obsolete cars manufactured 20 years or more with locally-manufactured ones operating on natural gas will start before the end of March according to the Minister of Finance, Mohamed Maait. The green car incentive will cost (...)

09 - 03 - 2021
EFG Hermes' Karim Awad named among Forbes Middle East's Top 100 CEOs list
Forbes Middle East has released its first annual "Top CEOs in the Middle East" ranking; the list has included EFG Hermes Group's CEO and chairman Karim Awad. According to Forbes, Awad has led his company to achieve group operating revenue worth (...)

07 - 03 - 2021
National Bank of Egypt chairman named among Forbes Middle East's Top 100 CEOs list
Forbes Middle East has released its first annual "Top CEOs in the Middle East" ranking; the list has included Hisham Okasha, chairman of Egypt's largest state lender, National Bank of Egypt (NBE). Okasha was ranked 16 in the top 100 CEOs in the (...)

07 - 03 - 2021
Non-oil private sector activity in Egypt continued to contract in January, yet PMI edges up
Non-oil private sector activity in Egypt continued to contract in January, albeit at a slower pace as falls in output and orders tempered, according to IHS Markit purchasing managers' index (PMI) figures. The PMI index edged up a little from 48.2 in (...)

04 - 02 - 2021
HC Securities expects CBE to keep interest rates on hold
HC Securities & Investment expected the CBE to keep the current interest rates based on its projections for January's annual headline inflation rate of 5.2 percent, which is near the lower end of the CBE's new target range of 7 percent (+/-2 (...)

03 - 02 - 2021
EIB, Banque Misr sign €425 million loan to support Egypt SMEs
Banque Misr has signed on Tuesday a loan agreement worth €425 million ($515.2 million) with the European Investment Bank (EIB). The funding is the first tranche of a €750 million loan to be on-lent to small- and medium-sized enterprises (SMEs), the (...)

20 - 01 - 2021
Egypt assigns EGP 236m for Bahr El-Baqar wastewater treatment plant
Egypt has allocated 236 million Egyptian pounds to support the National Organization for Potable Water and Sanitary Drainage's (NOPWASD) plan to provide electricity to the Bahr El-Baqar wastewater treatment plant, according to the Minister of (...)

10 - 01 - 2021
Egypt's MSMEDA finances small, micro-enterprises in Qena with EGP 37m during November
The Egyptian Micro, Small and Medium Enterprise Development Agency (MSMEDA) financed 539 micro- and small-sized enterprises with a total value of 36.88 million Egyptian pounds in November, the Governor of Qena, Ashraf El-Dawdy said A total of 92 (...)

14 - 12 - 2020
International Energy Agency tailors a plan for post COVID-19
As per the energy-focused COVID-19 recovery plan conducted by the International Energy Agency (IEA), actions and solutions were determined to aid our world to gravitate towards a more promising, prosperous, and sustainable future. In order to (...)

23 - 11 - 2020
Egypt confirms 362 new coronavirus cases, 13 deaths on Friday
Egypt reported 362 new coronavirus cases on Friday bringing the total infection tally to 112,318 since the outbreak began in February. The health ministry also reported 13 new deaths, bringing the total number of deaths from the virus to 6,521. The (...)

21 - 11 - 2020
Daily Coronavirus cases tally reaches highest level in more than 3 months
The Health Ministry reported 239 new covid-19 infections yesterday, the most daily cases reported since 31 July. Egypt has now disclosed a total of 109,201 confirmed cases of covid-19. The ministry also reported 13 new deaths, bringing the country's (...)

09 - 11 - 2020
Saudi Arabia considers investing in Egypt in cooperation with Sovereign Fund of Egypt
Saudi Arabia's sovereign wealth fund is considering investing in Egyptian projects alongside the Sovereign Fund of Egypt, Saudi State Minister Issam bin Saad said. He made these comments during talks with Prime Minister Moustafa Madbouly and SFE (...)

05 - 11 - 2020
After CIB's godfather resignation, who is doing what at the bank's helm?
After Hisham Ezz Al Arab, the long-term chairman and managing director of the Commercial International Bank (CIB), announced his formal resignation in a Facebook post, who's now in charge at CIB? CIB's Board of Directors unanimously voted to appoint (...)

25 - 10 - 2020
Egypt will manage 90% of its imports and exports electronically by January 2021
90 percent of Egyptian imports and exports will be managed electronically by January 2021 in a bid to speed up customs clearance, increase trade flows, and improve Egypt's ranking in the Logistical Performance Index, Finance Minister Mohamed Maait (...)

20 - 10 - 2020
Egypt's newly-elected Senate to hold procedural opening session Sunday
Egypt's Senate will get down to business on Sunday by holding an opening procedural meeting after its election in August and September. The meeting will be headed by Galal Haridi, founder of the Guardians of the Nation Party, in his capacity as the (...)

18 - 10 - 2020
Egypt's fiscal position may not be hard hit by Covid-19, IMF
The affect of COVID-19 pandemic on the Egyptian government's finances may not be as hard as previously feared, according to the IMF's October 2020 Fiscal Monitor Report (pdf). Though fiscal indicators have weakened slightly from the last outlook in (...)

15 - 10 - 2020
Famous Egyptian actor Mahmoud Yassin passes away at 79
Veteran Egyptian actor Mahmoud Yassin passes away on Wednesday at the age of 79 after long struggle with illness. The renowned Egyptian actor was born in Port Said city in June 1941. He started his artistic career by joining the National Theatre in (...)

14 - 10 - 2020
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