Egypt’s manufacturing and extractive index inched down 0.55% in November 2023
Egypt's manufacturing and extractive industries saw a slight decline in November 2023, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS). The agency has updated…
Shoukry urges US, donor countries to resume UNRWA funding for Gaza relief
Foreign Minister Sameh Shoukry met on Wednesday with Ambassador David Satterfield, the US Special Envoy for Humanitarian Affairs in the Middle East. Ahmed Abu Zeid, the spokesperson of the Ministry…
EBRD grants $5m loan to Egypt’s Tanmeyah Microenterprise Services
The European Bank for Reconstruction and Development (EBRD) has approved a senior unsecured loan of up to $5m (€4.6m) to Tanmeyah Microenterprise Services under the Financial Intermediaries Framework (FIF). The…
Minister of Finance meets with JICA vice president to discuss cooperation programme
Mohamed Maait, Minister of Finance and Chairperson of the General Authority for Comprehensive Health Insurance, expressed Egypt’s interest in strengthening cooperation with international partners. He said that this would boost…
Egypt, Italy carry out three components of debt swap programme worth $350m
The Ministry of International Cooperation said that the cooperation portfolio between Egypt and Italy amounted to about €82m in various development sectors and that the debt swap programme was one…
Egypt, UAE explore ways to boost health sector cooperation
Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, met with his Emirati counterpart, Abdul Rahman Al Owais, on the sidelines of the Arab Health Exhibition, which will take place…
CBE to discuss EGP interest rate fate for first time in 2024
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will hold its first regular meeting of the year on Thursday to decide on the central bank’s key…
Israel bombs Gaza, executes detainees, killing over 26,900 civilians since October
The Gaza Ministry of Health announced on Wednesday that the death toll from the Israeli aggression on Gaza had reached 26,900, and the number of wounded had risen to 65,949…
Erdogan to visit Egypt next month for first time in 10 years: Turkish officials
Turkish President Recep Tayyip Erdogan will visit Egypt next month in a bid to mend relations after more than a decade of tension, according to Bloomberg News, which quoted informed…
Egypt, IMF reach tentative deal on exchange rate adjustment: Sources
The Egyptian government has reached a tentative deal with the IMF that will be announced soon, contingent on a devaluation of the Egyptian pound, according to governmental sources who spoke…