Egypt’s domestic debt reaches EGP 4.67trn in August 2023
The Ministry of Finance reported that the total amount of local treasury bills and bonds issued by the government reached EGP 4.67trn in August 2023, according to its latest report…
Egypt denounces Houthi attack on Bahraini forces in Saudi Arabia
Egypt expressed its condemnation of the terrorist attack carried out by the Houthi group against the Bahrain Defense Force Task Force, which is part of the Arab coalition forces supporting…
Al-Sisi rejects claims of militarising teachers
Egypt’s President directs Education Minister to establish 100 new schools with EGP 15bn investments
Egypt, Switzerland discuss improving economic ties, investment opportunities
The CEO of the General Authority for Investment and Free Zones (GAFI), Hossam Heiba, met with the Swiss State Secretary for Economic Affairs, Helene Budliger Arteda, on Tuesday, to discuss…
Egypt aims to boost private sector’s role in economic activity to 65% in medium term: Finance Minister
The Finance Minister and Governor of Egypt at the Asian Infrastructure Investment Bank (AIIB), Mohamed Maait, said that the private sector is the engine of economic recovery and sustainable growth…
City Farm targets $50m in sales of frozen agricultural products in American market
City Farm, an Egyptian company that specializes in exporting frozen vegetables to the US, aims to increase its sales in this market to $50m this year, a 43% growth from…
Smoking alternatives could reduce cigarette use, save lives: NCI study
A new study by the USA’s National Cancer Institute (NCI) suggests that innovative smoking alternatives could lead to a rapid decline in the use of traditional cigarettes. The study comes…
Alpha Dhabi acquires majority stake in Metito to boost water solutions
Alpha Dhabi Holding, a diversified investment company, has announced its acquisition of a majority stake in Metito Holdings, a leading provider of smart water solutions. The deal, which is subject…
Ashraf El Khatib elected as Vice Chair of CFA Institute Education Advisory Committee
Ashraf El Khatib has been elected as Vice Chair of the Education Advisory Committee (“EAC”) at CFA Institute, the global association of investment professionals that sets the standards for professional…
AIIB’s investment portfolio in Egypt reaches $1.3bn with potential for over $1bn in various sectors: Maait
Egypt supports global development efforts, seeks more cooperation with AIIB: Maait