News

President Abdel Fattah al-Sisi has approved $2.4 million agreement between with the Kuwait Fund for Economic Development to finance the studies for on rail link project between Egypt and Sudan, the…
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Net foreign direct investment (FDI) inflows rose by 71.4% to hit about dlrs 8.9 billion during last fiscal year (FY) 2021-2022, if compared to the same period last fiscal year (FY) 2021-2022.
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Egypt’s annual headline inflation rose to 15.3 percent in September, up from eight percent in September 2021, reaching the highest level since recording 15.7 percent in November 2018.
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The Financial Regulatory Authority’s (FRA) Board of Directors issued Resolution No. (115) for the year 2022, which includes the controls regulating the issuance of securities backed by future flows,…
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Egypt’s current account deficit narrowed by 10.2% to USD 16.6 bn in FY 2021-2022, buoyed by oil and non-oil exports, rising tourism receipts, and a jump in FDI, according to central bank figures
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The output of Egypt’s non-oil businesses registered a marked contraction in September for the 13th month in a row driven by energy rationing, part shortages and weak demand amid the ongoing global…
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The Suez Canal Economic Zone (SCZONE) has signed a contract with Kuwait’s Agility to develop and operate a customs and logistics centre.
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 Egypt was able to conclude development financing agreements worth $20 bn, about $5bn of which (25%) went to private sector companies and commercial banks according to Minister of International…
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Following the 2020 takeover of a 75% stake by EFG Hermes Holding and GB Capital in Tokio Marine Egypt Family Takaful, the company has been rebranded to Kaf.
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Egypt plans to increase renewable energy by 42% in 2035 based on several steps it has taken towards achieving this goal, Minister of International Cooperation, Rania El-Mashat.
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