Why Egypt’s inflation continues to rise in February 2024
Egypt’s annual headline urban inflation rose to 35.7% in February 2024, up from 29.8% in January 2024. This increase was due to a surge in core food and non-food prices,…
TE signs agreement with EXA Infrastructure to boost international data movement via ‘WeConnect’
Amr Talaat, Minister of Communications and Information Technology, presided over the signing of a commercial agreement between Telecom Egypt (TE), the nation’s premier integrated telecommunications operator and a major regional…
New draft law to establish emergency relief fund for irregular workers: Social Solidarity Minister
Estimates indicate employment size to be 10 million workers
Rameda reports 37% year-over-year increase in 4Q23 revenue to EGP 534m
Company records 47% growth in core net income to EGP 67m
ITDA announces competitive bidding for 12 investment opportunities
The Internal Trade Development Authority (ITDA) has revealed that 11 regional and local investors are vying for 12 new investment opportunities. These opportunities span across 8 governorates, covering a total…
Social bonding aligns neural activity in hierarchical groups
A recent study in PLOS Biology reveals that in small hierarchical groups, social bonding aligns the neural activity of leaders and followers. This alignment fosters more efficient and frequent communication.…
Health Minister evaluates progress of National Emergency, Public Safety Network
Egypt’s Health Minister, Khaled Abdel Ghaffar, convened a meeting to review the progress of the National Emergency and Public Safety Network’s implementation across the ministry’s divisions. The meeting, held at…
Madbouly cites economic reforms, international support as pillars of Egypt’s solidity
Prime Minister Mostafa Madbouly has highlighted the ongoing journey towards economic stability, emphasizing the government’s commitment to reform. He acknowledged the World Bank’s $6bn funding as a significant support for…
Egypt’s economic horizon: Collaborative growth, stability in 2024/25 fiscal outlook
Government aims for debt-to-GDP ratio under 80% in three years
Famine is weapon of war in Gaza: EU’s Borrell
Israeli forces have continued their assault on Gaza for the 165th day, maintaining the siege of the Al-Shifa Medical Complex. They stormed the complex early Monday, detaining over 200 individuals…