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Qatar, Egypt trade exchange increases by 50% in 2021
Trade exchange between Qatar and Egypt increased 50 percent in 2021, according to the Chairman of Qatar Chamber of Commerce & Industry (QCCI) Khalifa Bin Jassim Bin Mohammed Al Thani.
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Juhayna, KarmSolar sign contract to build solar power plant in New Valley
Juhayna Food Industries Company signed a contract with KarmSolar Solar Energy Company to establish a hybrid central plant to generate and sell energy using solar panels, diesel generators and…
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Telecom Egypt, Lumen sign agreement to provide internet services in Egypt
Telecom Egypt has signed an agreement with the American company Lumen Technologies to establish the first regional focal point in order to provide internet services for telecommunications companies in…
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Egypt, IMF reaches agreement on component of new reform programme
Egypt reaches agreement with IMF on new economic reform programme: Finance ministry
Doaa A.Moneim , Sunday 16 Oct 2022
The Central Bank of Egypt (CBE) and the Ministry of Finance announced on…
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Egyptians Expat car import initiative may raise EGP 50 bn worth of FX -Maai
Expats could send some EGP 50 bn (c. USD 2.5 bn) into Egypt under a cabinet program that will allow Egyptians living abroad to buy new cars in exchange for hard currency, Finance Minister Mohamed…
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Egypt’s local cash reach EGP 6.7trn in July
Egypt’s domestic liquidity increased by EGP 97 billion to hit EGP 6.70 trillion by the end of July, according to report by the Central Bank of Egypt (CBE).
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Fitch Solutions increases expectations for Egypt’s GDP growth to 6.59% in 2022
Fitch Solutions has increased its projections tions for Egypt’s real GDP growth in 2022 to 6.59 percent, from 6.23 percent it expected a month ago.
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Orascom Construction adds $670m of new awards in Q3-22
Orascom Construction Plc has added $670 million of new awards to its backlog in the third quarter (Q3) of 2022.Orascom Construction Plc has added $670 million of new awards to its backlog in the third…
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Africa would need up to $1.6trn in climate finance until 2030
Any bold climate action would not be implemented without enough financing, clarifying that the shift to green energy poses a key challenge, particularly to developing countries, according to Egypt's…
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IMF, Egypt to reach Staff Level Agreement very soon
Gerry Rice, Director of Communications at the International Monetary Fund (IMF) said that the fund is expected to reach an agreement with Egypt very soon
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