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Al-Mashat: €5.5 billion EU funding boosts Egyptian private sector over 4 years
2024/06/29

Al-Mashat: €5.5 billion EU funding boosts Egyptian private sector over 4 years

Minister of International Cooperation, Dr. Rania Al-Mashat, revealed on Saturday that the European Union has provided $5.5 billion in funding to the private sector in...

Urgent! Egypt Secures New $700 Million Financing from World Bank
2024/06/24

Urgent! Egypt Secures New $700 Million Financing from World Bank

The World Bank Group's Board of Directors has approved a $700 million loan to the Egyptian government under the Development Policy Financing (DPF) program to...

$2 billion boost: Egypt secures budget support from development partners
2024/06/24

$2 billion boost: Egypt secures budget support from development partners

Dr. Rania Al-Mashat, Minister of International Cooperation, said that the past period has witnessed intensive negotiations and coordination between multilateral and bilateral development partners and...

Maait: Economy Stabilizes, World Bank Predicts 4.2% Growth
2024/06/19

Maait: Economy Stabilizes, World Bank Predicts 4.2% Growth

Egypt's Finance Minister, Dr. Mohamed Maait, expressed confidence in the economy's return to stability. He attributes this to the government's successful implementation of: Flexible and...

Suez Canal Economic Zone: Opportunities for cooperation with BRICS business communities
2024/06/12

Suez Canal Economic Zone: Opportunities for cooperation with BRICS business communities

Walid Jamal El-Din, Chairman of the Suez Canal Economic Zone Authority, participated, Wednesday, in the first forum of the New Development Bank (NDB), held on...

Madbouly participates in inaugural New Development Bank Forum in New Administrative Capital
2024/06/11

Madbouly participates in inaugural New Development Bank Forum in New Administrative Capital

Prime Minister Dr. Mustafa Madbouly participated, Tuesday, in the opening session of the first international conference of the New Development Bank in Egypt, held under...

Central Bank rate cut predicted by Experts: 3% reduction by year-end
2024/06/04

Central Bank rate cut predicted by Experts: 3% reduction by year-end

Experts and bankers had expected that the Monetary Policy Committee of the Central Bank of Egypt would take a decision to reduce interest rates by...

Egypt's Central Bank hits record high with foreign reserves
2024/06/04

Egypt's Central Bank hits record high with foreign reserves

Egypt's Central Bank has recorded the highest level of foreign reserves in the country's history. On Tuesday, the bank announced that its foreign exchange reserves...