News

The Finance Ministry has revised downwards its fiscal targets for FY 2022-2023 as rising commodities prices put pressure on public finances, according to figures published in an Ittihadiya statement
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Remittances of Egyptians abroad increased by 73 percent in 2015-2021, with an unprecedented amount of $31.5 billion in 2021 alone, according to a Sunday report by the Information and Decision Support…
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El Nasr Automotive Manufacturing Co has signed an agreement with the National Automotive Company (NATCO) to establish the first electric vehicle distributor in Egypt with an issued capital of EGP 500…
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Egypt is targeting to implement several green projects, including green hydrogen, in the coming period, according to Egypt is targeting to implement several green projects, Minister of Planning Hala…
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Egypt’s external debt registered $137.4bn in September 2021, down by about $439.5m, compared to end-June 2021, according to the Central Bank of Egypt.
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The Board of Directors of Abu Qir Fertilisers and Chemical Industries agreed to study the establishment of a project to produce hydrogen and green ammonia in coordination and cooperation with French…
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London-based Capital Economics expected that the Central Bank of Egypt (CBE) to raise the interest rates by 50bp, to 8.75 percent, at its Monetary Policy Committee’s (MPC) meeting during March.
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Egypt's annual inflation rate jumped to 10% in February 2022, compared to 4.9% in the same month in 2021, according to the latest data by the Central Agency for Public Mobilization and Statistics…
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Africa is expected to move toward regional integration through the African Continental Free Trade Area (AfCFTA) in order to create new opportunities for the companies and diversify African exports,…
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Rising global wheat prices could cost the government an additional EGP 15 bn this fiscal year, Finance Minister Mohamed Maait told Bloomberg Asharq
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