Egypt’s balanced monetary policy, flexible exchange rate boost resilience: IMF’s Clarke
Nigel Clarke, Deputy Managing Director of the International Monetary Fund (IMF), stated that the Central Bank of Egypt's (CBE) balanced monetary policy and adoption of a flexible exchange rate have…
Sudan’s Al-Burhan appoints Kamil Idris as new Prime Minister
The Chairperson of Sudan's Sovereignty Council, Abdel Fattah Al-Burhan, on Monday issued a decree appointing Kamil Tayyib Idris as Prime Minister. In a related development, Burhan issued another decree appointing…
Egypt made “tangible and clear progress: IMF Deputy Managing Director
Nigel Clarke, Deputy Managing Director of the International Monetary Fund (IMF), on Sunday evening expressed optimism regarding the future performance of the Egyptian economy, citing tangible progress in its macroeconomic…
Egyptian PM orders action plan for Abu Qir’s submerged antiquities to boost tourism
Egyptian Prime Minister Mostafa Madbouly has instructed officials to develop a comprehensive plan to capitalize on Alexandria’s submerged antiquities in Abu Qir Bay, aiming to turn them into a major…
Talaat Moustafa Group, Oman sign OMR 1.5bn real estate and tourism deal
Talaat Moustafa Group (TMG) and the Omani Ministry of Housing and Urban Planning signed an agreement on Monday for real estate and tourism projects valued at OMR 1.5bn west of…
GS Global Sourcing invests $15m in ready-made garments facility in West El Qantara
Walid Gamal Eldin, Chairperson of the Suez Canal Economic Zone Authority (SCZONE), has signed an agreement with Lou Jun, board member of China’s GS Global Sourcing, to establish a new…
Egypt’s Labour Ministry, GIZ establish coordinating observatory to enhance labour market insights
The Ministry of Labour, in partnership with the German Agency for International Cooperation (GIZ Egypt), has launched the Labour Market Information Coordinating Observatory, marking a significant step toward institutionalising regional…
Egypt’s AL Ahly Momken, Post Distribution sign pact to expand financial inclusion
AL Ahly Momken, an Egyptian electronic payment solutions and financial technology company, has signed a strategic cooperation agreement with Post Distribution CO-PDC, a subsidiary of the National Postal Authority specialised…
Egypt’s SCZone Chairperson, Guangdong Governor discuss deeper cooperation
The Chairperson of Egypt's Suez Canal Economic Zone (SCZone), Walid Gamal El-Din, met with a high-level delegation from China's Guangdong Province, led by its Governor Wang Weizhong, to discuss enhancing…
Egypt targets EGP 700 bn for human development in FY 2025/26 plan, Al-Mashat says
Egypt plans to allocate EGP 700bn for total investments in human development in its FY 2025/26 plan, Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat said during a…