CBE lowers inflation forecasts, keeps key rates unchanged
The Central Bank of Egypt (CBE) has lowered its inflation forecasts, expecting annual headline inflation to stabilise in the third quarter of this year before gradually declining towards its target…
CBE to decide on EGP interest rates Thursday amid expectations of fifth consecutive hold
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) will hold its sixth scheduled meeting of the year on Thursday to decide on its key policy rates, a major…
Egypt’s FM calls for diplomacy on Iran, discusses regional crises with UK security adviser
Egyptian Foreign Minister Badr Abdelatty called for continued diplomatic efforts to contain escalation over Iran’s nuclear programme, while separately discussing increased British investment, trade, Sudan, Yemen, and maritime security with…
Egypt’s PM champions two-state solution and Security Council reform at UN General Assembly
NEW YORK, September 23 (Reuters) – Egyptian Prime Minister Mostafa Madbouly addressed high-level UN General Assembly summits on Wednesday, warning that the two-state solution faces "unprecedented challenges" and demanding urgent…
Egypt launches first locally developed industrial robot
Egypt’s Minister of Industry Khaled Hashem witnessed the launch and handover of Egypt’s first industrial robot developed locally by Egyptian engineers and technology company Raed Bots. The robot was developed…
Egypt targets greater investment, trade with Africa
Egypt is seeking to increase investments by Egyptian companies in African markets while boosting exports and intra-African trade, Investment and Foreign Trade Minister Mohamed Farid said. Speaking at a business…
Adds Developments enters Egypt market with 220-feddan land bank
Adds Developments has entered Egypt’s real estate development market with a land bank of more than 220 feddans across East and West Cairo, as the company prepares to launch its…
Egypt allocates over 300,000 sqm of industrial land under rent-to-own scheme
The Industrial Development Authority (IDA) has announced the results of Egypt’s first offering of industrial land under a rent-to-own system, allocating more than 300,000 square metres of serviced industrial land…
ICT minister reviews Kemet Data Centre implementation plans with Intro Group
Raafat Hindy, Minister of Communications and Information Technology, met with Sherif Abdel Fattah, board member of Intro Holding Group, and an accompanying delegation to follow up on implementation plans for…
Egypt, AUC launch climate leadership, water management training programme for Africa
Egypt’s Ministry of Water Resources and Irrigation and the American University in Cairo (AUC) have signed an agreement to train African professionals in water management, climate-smart agriculture, and the water-energy-food-ecosystems…