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US invests $1.5bn to increase Egyptian agricultural export by 1,500%: US official
The United States (US) has invested $1.5bn to increase agricultural export revenue in Egypt by 1,500% according to Elizabeth Mello, US Embassy Senior Agricultural Attache.
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Egypt’s Trade Ministry pauses import ban following complaints
The Trade and Industry Ministry u-turned on its import ban on some electronic components on Wednesday, following criticism from businesses who were unable to obtain supplies, Masrawy reports.
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US economic assistance to Egypt reach $30bn since 1978: Ambassador Cohen
The United States (US) has provided Egypt with over $30bn in economic assistance since 1978, US Ambassador in Egypt Jonathan R. Cohen told Daily News Egypt.
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Saudi Arabia provides EGP 270m to 3 Egyptian banks for MSME finance: Mashat
Egypt’s Minister of International Cooperation Rania Al-Mashat has announced that the Saudi Arabia Grant Management Committee will provide EGP 270m to three Egyptian banks to finance micro, small and…
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Castle Development sees EGP 700m investments in New Capital during 2021
Castle Development aims to invest EGP 700 million in construction works of its three projects in the New Administrative Capital during 2021, according to its CEO Ahmed Mansour
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EGX sees decline in purchasing power during last week
The Egyptian Exchange (EGX) suffers from a clear decline in purchasing power, which weakens the chances of rising above the resistance level 10,310 points again, and confirming its breach upwards.
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ADIB-Egypt forms tri-party cooperation to launch pre-paid ‘Khazna Meeza’ card
The Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt) announced that it is forming a tri-party collaboration with start-up Khazna and Masria Digital Payments (MDP), a leading end-to-end e-payment solutions…
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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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