Egyptian Government Partners with Private Sector to Develop 13K feddans

Urbanization is based on two pillars, infrastructure and foundations of civil urbanization, El-Gazzar adds on the sidelines of the Economic Conference – Egypt 2022.

Moody’s Keeps Egypt Credit Rating at B2 Thanks to Economic Strength

Moody’s Investors Service has kept Egypt’s credit profile at “B2 stable,” with a stable outlook underpinned by the country's economic strength.

El Gazzar Reviews Updates on Ain El Sira Lake Project

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has inspected work underway on the comprehensive development project of the historic Ain El Sira Lake to keep abreast of the recent updates on- ...

Egypt Remains Africa’s Top FDI Recipient in H1: UNCTAD

Egypt continues to be Africa's largest recipient of foreign direct investment (FDI) flows in H1 2019, attracting USD 3.6 bn (EGP 58.2 bn), thanks to the new investment deals that have been recently announced

Egypt, Bulgaria Ink MoU to Boost Tourism Cooperation

Egypt's Tourism Minister Rania Al Mashaat has signed a memorandum of understanding (MoU) with her Bulgarian counterpart Nikolina Angelkova on boosting bilateral relations in a way that contributes to the economic ...

New Fayoum to Have New Industrial Zone: Official

Head of New Fayoum City Authority Ashraf Abdulrahman has announced the launch of a 50-acre new industrial zone project, east of New Fayoum's residential district, on the Western Desert Road

OECD Raises Egypt’s Rating as Attractive Destination for Investment

The Organization for Economic Cooperation and Development (OECD) has raised Egypt’s rating on the country risk index from level six to five as an attractive destination for investment.

Annual Core Inflation Up to 8.86% in October: CBE

The Central of Egypt Bank (CBE) announced on November 11 that the annual core inflation jumped to 8.9% YoY in October, up from 8.6% in September, another leap in Egypt’s inflation indicators during the same month

IMF Agrees on USD 2 bn Disbursement to Egypt

The International Monetary Fund (IMF) said on October 31 it had reached a staff-level agreement with Egypt to disburse another USD 2 bn in funds, bringing the total disbursements under the program to nearly USD 10 ...

Egypt, Germany Sign USD 146 Mn Deal to Implement Some Projects in Egypt

Egypt and Germany signed a protocol of economic cooperation worth EUR 129 mn, comprising the implementation of projects over the next four years, while announcing intentions for a new Egyptian-German initiative fo ...

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