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Egypt among top 10 fastest growing GDP countries by 2030 – Standard Chartered
The London-based financial institution, Standard Chartered, maintained its previous forecast for Egypt’s economy to be one of the top 10 economies in the world by 2030 in terms of gross domestic…
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Egypt’s trade deficit narrows by 17% in 2020, trade minister
Egypt’s balance of trade deficit shrank by 17 percent to $38.291 billion in 2020, compared to $46.225 billion in the prior year, the Minister of Trade and Industry, Nevine Gamea, revealed.
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EFG Hermes ranks first in Egypt, Kuwait, Dubai, and Kenya during 2020
EFG Hermes ranked first for in Egypt, Kuwait, Dubai, and Kenya, placing second in Abu Dhabi and Nigeria (by value traded), and securing a third-place spot in Oman during FY 2020.
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Egypt remains committed to fully implement AfCTA agreement, Sisi says
Egypt remains committed to working within the African Continental Trade Area and will do what it can to help fully implement the continent-wide agreement, President Abdel Fattah El Sisi told AfCFTA…
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Foreign investments in Egypt’s debt instruments rise to $26bn, closer to pre-pandemic levels
Foreign investments in Egypt’s debt instruments increased to $26 billion as the market started to recover from the coronavirus (COVID-19) crisis, Minister Mohamed Maait told Al Arabiya and CNBC in…
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Egypt supports exporters with EGP 21bn during 2020
The Egyptian government spent more than 21 billion Egyptian pounds during 2020 to support exporters, the Minister of Finance, Mohamed Maait, revealed.
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Egypt prepared to manufacture, ship vaccines to Africa and MENA, Zayed
Egypt is prepared to manufacture and ship vaccines to Africa and the Middle East, and is willing to share its e-system for tracking vaccine recipients with countries that cannot develop their own,…
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CBE offers EGP 16bn T-bills on Sunday
The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth 16 billion Egyptian pounds on Sunday on behalf of the Ministry of Finance.
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World Bank provides $200m loan to Egypt for air quality monitoring projects
The World Bank has awarded Egypt a $200m loan to support its air quality monitoring projects, according to Minister of Environment Yasmine Fouad.
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NBE named top provider of syndicated loans in 2020
The National Bank of Egypt (NBE) was ranked the country’s top bank for syndicated loans in Bloomberg’s global syndicated loans league table for 2020, according to a recent statement.
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