German Minister for Economic Affairs Visits Egypt to Review Country’s Progress

Germany's Federal Minister for Economic Affairs and Energy Peter Altmaier is visiting Egypt from February 2 to 4, accompanied with an economic and parliamentary delegation, attempting to scrutinize the progress ma ...

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.

France’s Vicat to Pump EUR 50 mn in Sinai Cement

French cement manufacturer Vicat Group has announced plans to invest up to EUR 50 mn in its Egyptian subsidiary Sinai Cement Company.

Egypt Among World’s Top 10 Economies by 2030: Standard Chartered

UK-based bank Standard Chartered has expected Egypt to rank the 7th among the world's top ten economies by 2030 at a total gross domestic product (GDP) value of USD 8.2 trln.

EFG Hermes Leasing, HSBC Egypt Team Up to Finance SMEs’ Capital Expansions

EFG Hermes Leasing, a subsidiary of Egypt's investment bank EFG Hermes, has signed a cooperation agreement with HSBC Bank Egypt to provide small- and medium-sized enterprises’ (SMEs) with EGP 400 mn in leasing and ...

November Inflation Logs Biggest Drop Since 2015

Egypt's annual headline inflation rate declined in November, logging the steepest fall in three and a half years that has reversed an upward trend and recorded 15.7% from 17.7% in October, according to state stati ...

Lebanese Investments in Egypt Hit USD 671 mn by June-End: Minister

Egyptian Minister of Investment and International Cooperation Sahar Nasr said the volume of Lebanese investments in Egypt reached USD 670 mn by end of June 2018, reflecting the activity of about 1,645 companies in ...

Egypt’s Economy Grows 5.3% in Q1 FY2018/19

Egypt's economy grew by about 5.3% YoY during the first quarter of the FY 2018/19, with gas, telecommunication, and construction sectors, as well as revenues from the Suez Canal, mainly contributing to such growth ...

Egypt Receives Final USD 500 mn Tranche of AFDB Loan   

The African Development Bank (ADB) has handed Egypt the third and final USD 500 million tranche of a USD 1.5 billion loan aimed at funding the government's economic and social programs

AMF Expects Egypt’s Economy to Grow in 2018, 2019

The Arab Monetary Fund (AMF) expected the Egyptian economy to grow by 5% and 5.5% in 2018 and 2019 respectively, on the back of the country's ongoing economic reform program

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