Immediate cash payment of late dues to Egyptian exporters sees increased demand: Finance Minister
Maait said that his ministry and the Export Development Fund would continue receiving requests from exporters wishing to benefit from this initiative. Exporters will be able to access the initiative…
Egypt, IMF reach staff-level agreement on 1st review of 12-month SBA
The meeting was held to discuss recent economic developments and policy priorities of the first review for Egypt’s economic program supported by the IMF’s 12-month SBA.
Arkan to invest EGP 600m in real estate projects during 2021
Essa also said that the company has directed a total of EGP 500m into its projects in the Egyptian real estate market over 2020, which has been distributed over residential…
Egypt, Russia navies start joint drills in Black Sea
Drills kicked off after Egyptian vessels arrived at Russia's Novorossiysk seaport few days following their departure from a naval base in Egypt's Alexandria
Turkey’s behavior “widening its separation” from EU, says Borrell
Meanwhile, the tension between Turkey and EU members Cyprus and Greece has escalated in the past year due to their dispute over maritime rights.
British PM announces largest military investment since Cold War
Johnson said Britain needs to "upgrade capabilities across the board" to end "the era of retreat" by transforming its armed forces.
IMF chief urges continued strong policy action to combat uncertainty
IMF chief laid out 3 key priorities: end health crisis, reinforce economic bridge to recovery, and build the foundations of a better 21st-century economy.
Egypt launches world’s largest humanitarian convoy targeting 1 million families
The convoy aims to provide a decent standard of living for the most vulnerable families across Egypt, whilst combating the negative effects of the novel coronavirus (COVID-19) pandemic.
Egypt asserts importance of resuming GERD crisis negotiations
The meeting was chaired by South Africa’s Ministry of Foreign, as the country is the current president of the African Union (AU).
MENA region performed well in managing COVID-19 crisis: Jihad Azour
COVID-19 crisis is about disruption and acceleration, says IMF regional director
