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World Bank keeps Egypt’s real GDP growth at 5.5% in 2021/2022
The World Bank (WB) decided to maintain Egypt’s real GDP growth at 5.5 percent for the financial year 2021/2022, according to its chief economist Roberta Gatti on Thursday.
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Egypt, Sri Lanka, Tunisia will have debt talks with the IMF – chief
The International Monetary Fund (IMF) will meet with nations including Egypt, Sri Lanka, and Tunisia to discuss the steps that need to be taken to assist them as the cost of debt servicing hikes due…
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Egypt’s exports to Malaysia hit $126.7M
Egypt’s exports to Malaysia increased 35 percent during 2021, amounting to about $126.7 million, compared to about $94 million in 2020, according to the Minister of trade and Industry Nevine Gamea.
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Some 2,500 exporters receive EGP 33bln overdue subsidies, Maait
Egypt disbursed 33 billion Egyptian pounds to more than 2,500 exporting companies overdue arrears as part of export support programme, according to the Finance Minister Mohamed Maait.
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Egypt’s Gamea denies issuing any restrictions to limit imports from Saudi companies
Egypt has denied issuing any decisions that would prevent the export of Saudi products to the Egyptian market, according to The official spokesperson for the Ministry of Trade and Industry Yasser…
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Egypt, WB discuss preparations for strategic partnership framework for 2023-2027
The Egyptian government and the World Bank (WB) meet to discuss preparations for a strategic partnership framework between Egypt and the World Bank for the period from 2023 to 2027.
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CIB’s consolidated profits Jumps 48% in Q1-22
The Commercial International Bank-Egypt (CIB) has registered consolidated net profits after tax worth EGP 4.25 billion during the first quarter (Q1) of 2022, an annual jump of 48% from EGP 2.87…
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Egypt’s CBE reveals reasons for high inflation rates in March
Annual headline urban inflation increased to record 10.5% in March 2022 from 8.8% in February 2022, marking the highest rate since June 2019, according to the Central Bank of Egypt.
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Egypt decides to temporarily suspend some international firms’ imports
Egypt decides to temporarily suspend some international companies from the list of companies approved to export to Egypt, the Trade Ministry said in a statement.
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Egypt aims to host 2023 annual Asian Infrastructure Investment Bank meeting
Egypt plans to host the eighth annual meeting of the board of governors of the Asian Infrastructure Investment Bank (AIIB) in 2023, according to Finance Minister Mohamed Maait
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