Friday 20 backend.Sep

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IMF: Agreement grants Egyptian government powers to support EGP in emergencies
2024/04/19

IMF: Agreement grants Egyptian government powers to support EGP in emergencies

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that the Egyptian government may need to intervene in the Egyptian pound (EGP) movements in certain...

MoU between Al-Ghanim Group and Egypt on Berenice naval port
2024/04/19

MoU between Al-Ghanim Group and Egypt on Berenice naval port

Minister of Transport Kamel El-Wazir witnessed the signing of a Memorandum of Understanding (MoU) for the construction, development, superstructure, operation, management, utilization, maintenance, and delivery...

Al Mashat: Government implements measures to empower private sector
2024/04/19

Al Mashat: Government implements measures to empower private sector

Minister of International Cooperation and Governor of Egypt for the World Bank Group, Dr. Rania Al Mashat participated in the "Rethinking Economic Policy: Structural Change"...

Neom to issue Riyal-denominated sukuk to fund mega projects
2024/04/18

Neom to issue Riyal-denominated sukuk to fund mega projects

In an unprecedented move, Saudi Arabia's Neom megaproject city is set to issue riyal-denominated sukuk (Islamic bonds) in the financial markets later this year which...

Lifting Ban on Strawberry Exports to Canada
2024/04/18

Lifting Ban on Strawberry Exports to Canada

Minister of Trade and Industry Engineer Ahmed Samir declared that the Egyptian Commercial Office in Ottawa has successfully lifted the ban on Egyptian strawberry exports...

Maeet in Washington: Ras El Hekma deal result of structural reforms, investment incentives
2024/04/18

Maeet in Washington: Ras El Hekma deal result of structural reforms, investment incentives

Minister of Finance Dr. Mohamed Maeet affirmed that the New Administrative Capital, "the jewel of smart cities," is ready to host the meetings of Arab...

Palm Hills, Cleopatra launch project with revenues L.E.100 bln in North Coast
2024/04/17

Palm Hills, Cleopatra launch project with revenues L.E.100 bln in North Coast

Palm Hills Developments is going to launch a tourism project in the North Coast near Ras El Hekma city.

Rise of dollar coincides with decline of yen. Expectations of a cut in interest rates in the USA
2024/04/17

Rise of dollar coincides with decline of yen. Expectations of a cut in interest rates in the USA

The US dollar rose on Thursday after the release of US inflation data that came in higher than expected, which led to a reduction in...