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USAID launches TRADE project to increase Egyptian SME exports
The Engineering Export Council of Egypt (EECE) has met with representatives from the US Agency for International Development (USAID) to launch the Trade Reform and Development in Egypt (TRADE)…
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Egypt’s trade deficit narrows 25% in March – CAPMAS
Egypt’s balance of trade deficit declined by 25.2% year-on-year (YoY) to $2.69 billion last March, compared to $3.59 billion, data released by the Central Agency for Public Mobilization and Statistics…
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Egypt’s net foreign reserves keeps its upward trend in May: CBE
Egypt’s net foreign reserves increased by aproximately $125 million in May, the Central Bank of Egypt (CBE) announced
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Egypt issues executive regulations of unified tax procedures law
Egypt has issued the executive regulations of the unified tax procedures law, according to The Egyptian Minister of Finance, Mohamed Maait.
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Egypt cuts export tariffs on nitrogen fertilisers
The Egyptian Minister of Trade and Industry, Nevine Gamea, issued a decision to extend the levy of export tariffs on nitrogen fertilisers under the ministerial decree no. 59 of 2021, while reducing…
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TAQA Arabia signs EGP 916m financing deals with NBE
TAQA Arabia, a subsidiary of Qalaa Holdings, signed financing contracts worth EGP 916 million with the National Bank of Egypt (NBE) to expand its investment plans.
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Egypt’s Mashaat discusses bilateral ties with Russian President’s Advisor
Egypt begins bilateral talks with the Russian side within the activities of the 2021 St. Petersburg International Economic Forum (SPIEF) to discuss economic relations between Egypt and Russia.
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Sustainable Capital Africa Alpha Fund raises stake in Orascom Construction
Sustainable Capital Africa Alpha Fund increased its stake in Orascom Construction Plc to 11.11% of the company's total outstanding shares on 1 June 2021.
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Egypt’s economy grows 2.9% in Q3-20/21
Egypt's economy remained on its growth trajectory, registering a gross domestic product (GDP) growth of 2.9% in the third quarter (Q3) of fiscal year (FY) 2020/2021.
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Russia expects to resume charter flights to Egypt resorts in near future
Russia is expected to resume charter flights to Egyptian resorts in the near future, some details are left to be worked out, its Deputy according to Foreign Minister Mikhail Bogdanov on the sidelines…
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