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U.S. signs $125 million economic assistance to Egypt
Egypt and the United States signed on Monday seven bilateral assistance agreement amendments worth $125 million.
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Egypt’s industrial production up 11.3% in Q2-20 – CAPMAS
The value of industrial production grew by 7.1% to EGP 333.5 billion during the second quarter (Q2) of 2020, compared to EGP 313.2 billion in the same quarter in 2019, according to data by the Central…
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Egypt makes up 15% of total FDI into Africa in 2020
Egypt was the top African and third Arab country in terms of attracting foreign direct investment (FDI) during 2020, First Assistant of the Minister of Supply and Chairman of the Internal Trade…
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Egypt’s food exports to Saudi Arabia hit $177m in seven months
Egypt's food exports to Saudi Arabia amounted to $177 million in the first seven months of 2021, down by 9% year-on-year (YoY) from $194 million, according to a statement by the Food Export Council.
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Egypt to launch fourth phase of export subsidy initiative in November
The Egyptian government will launch the fourth phase of the immediate export subsidy payment initiative at the beginning of November.
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World Bank okays USD 360 mn loan for Egypt’s post-covid recovery
The World Bank has approved a USD 360 mn facility to support the Egyptian economy as it recovers from the covid pandemic, the global lender said in a statement.
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Second Intra-African Trade Fair ready to welcome the business community
The 12th meeting of the IATF2021 Advisory Council, held virtually on 22 October 2021 and chaired by His Excellency Chief Olusegun Obasanjo, Chairman of the IATF2021 Advisory Council and former…
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ADCB – Egypt wins 5 awards, ElSewerky named CEO of the Year 2021
The British Global Business Outlook magazine announced that Abu Dhabi Commercial Bank – Egypt (ADCB-Egypt) was awarded the Fastest Growing Digital Bank award for the year 2021.
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Trade between Egypt, G20 posts $36bn in 1H2021: CAPMAS
The volume of trade exchange between Egypt and the G20 countries has increased by 19.4% to $36bn in the first half of 2021 (1H 2021), government data revealed.
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Egypt’s central bank keeps interest rates on hold for 8th month in row
The Monetary Policy Committee (MPC) decided, Thursday to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged for the…
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