Wednesday 08 Jan

Economy

Madbouly: President directs CBE, Finance Ministry to coordinate on monetary policy
2025/01/01

Madbouly: President directs CBE, Finance Ministry to coordinate on monetary policy

At the first government meeting of the new year on Wednesday, Prime Minister Dr. Moustafa Madbouly emphasized directives from President Abdel Fattah El-Sisi on the...

Egypt receives $131M budget boost from AfDB
2024/12/30

Egypt receives $131M budget boost from AfDB

In its plenary session today, Monday, the House of Representatives approved President Abdel Fattah El Sisi Decision No. 383 of 2024 approving the agreement with...

Saudi Arabia seeks to revitalize OAPEC for stronger Arab energy ties
2024/12/29

Saudi Arabia seeks to revitalize OAPEC for stronger Arab energy ties

The 113th ministerial meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC), held in Kuwait on Friday, approved a Saudi proposal to restructure the...

Egypt to receive $1.2 billion in new IMF funding
2024/12/25

Egypt to receive $1.2 billion in new IMF funding

Sources reported on Wednesday that Egypt is set to receive a $1.2 billion disbursement from the International Monetary Fund (IMF) as part of its ongoing...

Turkish companies eye textile free zone in Sadat City
2024/12/16

Turkish companies eye textile free zone in Sadat City

Dr. Mohamed Ateya El-Fayoumy, Chairman of the Qalyubia Chamber of Commerce, Chairman of the Housing Committee in the House of Representatives, and Treasurer of the...

Germany offers subsidies for electric car buyers
2024/12/12

Germany offers subsidies for electric car buyers

German Economy Minister Robert Habeck has announced a new stimulus package that offers a €1,000 charging credit for each electric vehicle, along with additional tax...

Homzmart, Paymob partner to digitize furniture sector
2024/11/28

Homzmart, Paymob partner to digitize furniture sector

Homzmart, Egypt’s leading online furniture platform, and Paymob, the leading financial services provider in the Middle East and North Africa, have announced the signing of...

President Sisi at G20 Summit to discuss energy, economy, poverty
2024/11/17

President Sisi at G20 Summit to discuss energy, economy, poverty

President Abdel Fattah El-Sisi headed to Rio de Janeiro, Brazil on Sunday to participate in the G20 Summit, scheduled for Monday and Tuesday.