Korea-Africa Summit begins in Seoul, Egypt’s Al-Mashat attends on behalf of President Al-Sisi
The 2024 Korea-Africa Summit commenced today in Seoul, South Korea, with the participation of delegations from 48 African countries, including 25 heads of state. The summit also includes representatives from…
Central Bank of Egypt’s Governor concludes AfDB Annual Meetings with final communiqué
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE) and Egypt's representative at the African Development Bank Group (AfDB) presented the final communiqué at the conclusion of the AfDB's…
UAE concluded $100bn of fossil fuel deals benefiting from its COP28 Presidency: Global Witness
A new investigation by Global Witness alleges that UAE's Abu Dhabi National Oil Company (ADNOC) sought to conclude nearly $100bn in oil, gas, and petrochemical deals in 2023 during the…
EGP 40.5bn earmarked for economic stimulus in Egypt’s FY 2024/25 budget
Egypt targets general government debt below 80% of GDP by 2027, sets EGP 16.4trn debt ceiling for FY 2024/25
Egypt’s non-oil private sector PMI hits 33-month high
Egypt's non-oil private sector economy moved closer to growth in May, reaching a 33-month high in the Purchasing Managers' Index (PMI) released on Tuesday as inflationary pressures continued to cool.…
Banque du Caire reports 129% net profit growth in Q1 2024, reaching EGP 2.4bn
Banque du Caire achieved remarkable growth in net profits during the first quarter of 2024, recording a substantial increase of approximately 129%. The net profit for Q1 2024 reached EGP…
Minister of Communications addresses cybersecurity at Caisec’24
Egypt’s Minister of Communications and Information Technology, Amr Talaat, recently addressed the growing importance of cybersecurity in today’s digital landscape during the third edition of the Information and Cybersecurity Conference…
Egypt releases first tranche of 7th phase of lump-sum export subsidy dues payment
Minister of Trade and Industry, Ahmed Samir, announced that the ministry, represented by the Export Development Fund, has disbursed the first tranche of the seventh phase of lump-sum export subsidy…
Hungarian Minister visits Egypt to discuss trade, investment opportunities
Egypt and Hungary are looking to deepen their economic ties, building on a 16.9% increase in bilateral trade last year. Ahmed Samir, Egypt's Minister of Trade and Industry, met with…
Egypt, Africa CDC discuss cooperation in health sector
Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, met with the Director General of the Africa Center for Disease Control and Prevention (Africa CDC), John Cassia, and his accompanying…