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Egypt’s non-oil trade deficit widens to $30.7bn in nine months
Egypt's non-oil balance of trade recorded a deficit of $30.7 billion during the first nine months of the fiscal year (FY) 2020/2021, up by $3.5 billion or 12.7% year-on-year (YoY) from $27.3 billion,…
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Egypt to launch 3rd stage of exporters support programme on Sunday
Egypt’s government will launch the third stage of the exporters support programme on Sunday, according to Minister of Finance Mohamed Maait.
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Egypt’s Balance of Payment records $1.8bn surplus in nine months – CBE
Egypt's balance of payments (BoP) registered a surplus of $1.8 billion during the first nine months of the fiscal year (FY) 2020/2021, according to a recent report by the Central Bank of Egypt.
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CIB gets FRA’s approval to issue Egypt’s first corporate green bonds
The Commercial International Bank-Egypt (CIB) announced that the subscription is opened for the first green bonds to be issued in the local market after obtaining preliminary approval from the…
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Egypt’s petroleum sector attracts $6bn FDI in 2020
Egypt's petroleum sector attracted $6 billion worth of foreign direct investment (FDI) during 2020 despite the challenges posed by the coronavirus (COVID-19) pandemic, Minister of Petroleum and…
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Egypt’s growth forecast to rebound to 4.2% in 2021, 5.2% in 2022: EBRD
Egypt’s growth is forecast to rebound to 4.2% in 2021 and 5.2% in 2022, according to a Regional Economic Prospects report issued this month by the European Bank for Reconstruction and Development…
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IMF says Egypt’s real GDP to grow 5.2% in FY2021/22
Egypt’s real GDP is expected to significantly grow to 5.2 percent in the financial year 2021/2022, said the International Monetary Fund’s (IMF) mission chief for Egypt on the stand-by agreement…
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Bahrain’s investments in Egypt stand at $3.2 billion for 216 projects
Bahrain’s investments in Egypt stand at $3.2 billion, through 216 projects in the country, Bahraini ambassador to Cairo said on Sunday.
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Trade exchange bet. Egypt, UAE hits about $4.1B in 2020
Trade exchange between Egypt and the United Arab Emirates (UAE) recorded $4.111 billion during 2020, compared to $3.36 billion in 2019, according to Minister of Trade and Industry Nevine Gamea.
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Military Production partners with MCV to produce Egypt’s first electric buses
The Egyptian Ministry of Military Production has partnered with Manufacturing Commercial Vehicles (MCV) to produce the first locally manufactured electric buses, according to a statement on Monday.
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