CBE joins Pan-African Payment and Settlement System
As part of Egypt’s efforts to deepen economic collaboration with African nations, the Central Bank of Egypt (CBE) has joined the Pan-African Payment and Settlement System (PAPSS). Developed by the…
Egypt’s external debt surges 307% as GNI climbs 69%: World Bank
Egypt’s external debt skyrocketed by 307%, while its Gross National Income (GNI) rose by 69%, according to the World Bank’s International Debt Report 2023. Among Low- and Middle-Income Countries (LMICs),…
Al-Wazir explores advancing Egypt’s railway, smart transport projects
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, has held pivotal meetings with international leaders in railway and smart transportation during his visit…
Egypt’s Engineering Export Council organizes trade mission to Algeria
The Engineering Export Council of Egypt (EECE) has launched a trade mission to Algeria, comprising representatives from 12 Egyptian companies. This initiative aims to expand exports to Algeria and other…
ETA launches permanent Advance Ruling Unit to enhance transparency, support investors
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has announced the establishment of a permanent Advance Ruling Unit, marking a significant step in the Ministry of Finance's efforts…
EGP 646.6bn in funding granted by FRA-supervised bodies in 9M 2024
The Financial Regulatory Authority (FRA) has announced that entities under its supervision provided a total of EGP 646.6bn in funding during the first nine months of the year. This figure…
Third session of Egyptian-Tajik Joint Committee begins in Dushanbe
Expert-level meetings for the third session of the Egyptian-Tajik Joint Committee for Economic, Scientific, and Technical Cooperation commenced in Dushanbe, Tajikistan. The meetings are preparatory for a ministerial-level session scheduled…
EGP 5.3bn allocated to MSME funding, creating 257,900 jobs in 10M 2024
Bassel Rahmi, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), has announced that between January and October 2024, the agency funded 76,200 MSMEs with loans totaling EGP…
UNEP and CEDARE organize the 2nd roundtable of the African Forum of Environmental Protection Agencies
The Regional Office for Africa of the United Nations Environment Programme (UNEP), in partnership with the Sustainability in Africa Programme of the Centre for Environment and Development for the Arab…
CIB, EBRD sign €50m credit risk guarantee agreement to boost Egyptian SMEs
Commercial International Bank (CIB) and the European Bank for Reconstruction and Development (EBRD) have signed a €50m credit risk guarantee agreement aimed at supporting small and medium-sized enterprises (SMEs) in…
