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Egypt to secure €5.8B from EU for Macro-Financial Assistance mechanism
The Ministry of Planning, Economic Development, and International Cooperation has launched negotiations with the European Union for the second phase of the Macro-Financial Assistance mechanism. This phase aims to provide […]
Egypt leads negotiations to end war in Gaza
From the onset of the Israeli war on Gaza, which began on October 7, 2023, Egypt has intensified its diplomatic efforts to halt military operations and protect the lives of […]
EGX reveals landmark year with new milestone report
Breaking several records, 2024 saw EGX indices hit new all-time highs. On March 11, 2024, the EGX30, the main benchmark index, closed at a record 33,382 points. The Egyptian Exchange […]
Egypt Invests LE 7 Billion in Renewable Energy Transmission Projects
The Egyptian government, through the Egyptian Electricity Transmission Company (EETC), has earmarked LE 7 billion for investments aimed at transmitting electricity from renewable energy projects and integrating it into the […]
Egypt’s car imports rise to $1.7B in 1st 8 months of 2024: CAPMAS
Egypt’s car imports surged during the first eight months of 2024, totaling $1.692 billion, up from $1.155 billion during the same period in 2023. This represents an increase of approximately […]
Egyptian Exchange indices close higher Tuesday
The Egyptian Exchange (EGX) ended Tuesday’s trading session on a positive note, with indices posting gains across the board. The market capitalization rose by nearly LE 2.226 trillion, reaching LE […]
Sanofi appoints new leader for Africa and Egypt
Sanofi announced the appointment of Adrien Delamare-Deboutteville as General Manager Pharma for Africa and Managing Director for Sanofi Egypt. Adrien has been leading Sanofi’s operations in the region following his […]
Oriental Weavers unveils its vision for 2025 at the Egypt Market Week Event
Oriental Weavers, the world’s leading manufacturer of woven carpets, successfully concluded its exclusive annual Egypt Market Week event, held under the theme “Innovation Rooted in Heritage” at its headquarters. The […]
Fitch Solutions predicts Egypt’s current account deficit to decline to 4.8% of GDP
Fitch Solutions has forecasted that Egypt’s current account deficit will decrease from 6.8 percent of GDP in the previous fiscal year to 4.8 percent in the current fiscal year, driven […]
IFC confirms agreement on key elements of Egypt’s airport privatization plan
The International Finance Corporation (IFC) has confirmed significant progress in the discussions with the Egyptian government regarding the country’s airport privatization program. In a meeting held on November 24, 2024, […]
