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NBK Sees COVID-19 Scars on Egyptian Economy Worn Off

The National Bank of Kuwait (NBK) has recently found that the Egyptian economy’s performance promises hopeful prospects, as the worst repercussions of the novel COVID-19 crisis wears off.

Egypt Secures USD 7.31 bn in Funding in 2020: Al-Mashat

Egypt’s Ministry of International Cooperation managed to conclude agreements worth USD 7.31 bn (EGP 114.6 bn) in development funds from multilateral and bilateral partners in 2020, USD 2.76 bn (EGP 43.3 bn) of which is being directed to the private sector.

Gov’t Pumps Almost EGP 2.2 bn Into Potable Water, Sewerage Projects

Egypt's Minister of Planning and Economic Development Hala El Saeed has confirmed that the total value of potable water and sewerage treatment projects in Port Said, Damietta, and Ismailia has so far amounted to EGP 2.164 bn.

Foreign Reserves Hit USD 39.2 bn by November-End: CBE

The Central Bank of Egypt (CBE) has announced that the country's net international reserves edged up to USD 39.2 bn by the end of November, marking a slight increase of USD 1.8 mn compared with October figures.

Businesses to Return to Pre-Corona Profit Levels Before 2023: HSBC

Results of a recent HSBC poll show that almost nine in 10 (89%) Egyptian businesses forecast revenue growth in 2021, whereas 83% foresee their bottom lines to bounce back to pre-Coronavirus levels by the end of 2022.

Plans to Unveil Major Archaeological Discovery at Saqqara in January: Hawass

Senior Egyptologist Zahi Hawass has revealed plans to officially announce the new major archaeological discovery of Saqqara Necropolis in January 2021.

Gov’t Mulls New Tourism Project in Sharm El Sheikh’s Ras Jamila

Minister of Civil Aviation Mohamed Manar has met with Minister of Public Enterprise Sector Hisham Tawfik to discuss ways to carry out a hospitality establishment in Sharm El-Sheikh's Ras Jamila area.

Egypt Among World’s 10 Fastest-Growing Economies in 2020: Bloomberg

US-based news agency Bloomberg has reported that Egypt’s recovery from the ordeal of the ongoing Coronavirus hit turned it into one of the world's 10 fastest growing economies in 2020, thanks to the economic reform program.

Egypt Pushes Back Deadline for Reconciliation in Building Violations Till Year-End

Egypt’s Cabinet has agreed to keep on receiving applications for reconciliation in building code violations until year-end, in a move coming two days after the expiry of the last deadline on November 30.

Mostakbal City Sees Inauguration of 1st Education Project’s Temporary HQ

New Cairo's Mostakbal City has witnessed the inauguration of the temporary administrative headquarters of the new smart city's first educational component by El Rabwa for Integrated Educational Services.

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