Main

The African Development Bank (AfDB) has raised its projections for Egypt’s real GDP growth to 5.7 percent in 2022 – up from 4.7 percent it expected in 2021 – before slowing down to 5.1 percent in…
Read More...

Google drove EGP 11.2bn in economic activity in Egypt in 2021, according to Google Impact report
Read More...

Egypt’s economy grew at a 5.4% clip in 3Q2021-2022; its slowest pace yet this fiscal year, as fallout from the war in Ukraine begins to reflect on the economy, according to a cabinet statement.
Read More...

The African Development Bank (AfDB) supports Egypt’s efforts to prepare for the upcoming UN Climate Change Conference (COP27) scheduled to be held in November in Sharm El-Sheikh, the bank’s president…
Read More...

Egypt’s exports increased by 20 percent in the first quarter (1Q) of 2022, compared to the same period in 2021, despite the global crises, according to Minister of Trade and Industry Nevine Gamea.
Read More...

Mohamed Al-Zamlout, Governor of the New Valley, and Alaa Farouk, Chairperson of the Agricultural Bank of Egypt (ABE), have inaugurated the bank’s recently developed branch in the town of Kharga.
Read More...

The Abu Dhabi Commercial Bank – Egypt (ADCB) has announced its business results for the first quarter (1Q) of the current year 2022, as net profits rose by 68% on an annual basis to reach EGP 286m.
Read More...

Suez Industrial Development Company (SIDC) has signed an agreement with Al Ahly Capital Holding (ACH), an investment arm of the National Bank of Egypt (NBE), to jointly establish an industrial park in…
Read More...

The International Forum of Sovereign Wealth Funds (IFSWF) — a global network of sovereign wealth funds from over 40 countries — admitted the Sovereign Fund of Egypt (TSFE) as a full member along with…
Read More...

Lafarge Egypt, a member of Holcim Group, has inked a long-term contract worth $93 million with Lumika Renewables Egypt, a subsidiary of AP Moller Egypt, to supply electricity through solar cells.
Read More...