Prime Minister, Mostafa Madbouly, announced that the government is finalizing a new social protection package, which will be presented to President Abdel Fattah El-Sisi before Ramadan for approval, in ...

Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, has projected that Egypt’s economy will grow by 4% during FY2024/2025. Speaking at the World Government ...

The Financial Regulatory Authority (FRA) has unveiled new regulations governing the investment allocations of insurance and reinsurance companies. The move is part of broader efforts to enhance ...

The Egyptian Commercial Service Authority and and the Omani Ministry of Commerce, Industry, and Investment Promotion signed a Memorandum of Understanding (MoU) aims to enhance investment promotion and ...

The General Authority for the Suez Canal Economic Zone (SCZONE) signed a strategic 25-year partnership agreement with a consortium of the two companies, including Egytrans and Nafith International, to ...

The World Bank Group (WBG) is preparing for the second phase of its budget support program for Egypt, which is set to be completed this year, following the successful disbursement of the first phase ...

The Egyptian Cabinet approved five petroleum concession agreements involving the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), the South Valley ...

In 2024, Egypt’s processed food sector achieved an unprecedented milestone, with exports surpassing $6.1 billion, marking a 21% growth from the previous year - a rise of $1.059 billion - and the ...

Kuwait Finance House (KFH) has officially entered the Egyptian market following the successful acquisition of Ahli United Bank Bahrain in 2022, announcing the rebranding of Ahli United Bank – Egypt to ...

Egypt has confirmed the discovery of at least 8 million barrels of oil in the East Crystal-1 well, located in the Gulf of Suez, according to a statement released by the Ministry of Petroleum and ...

Remittances from Egyptians working abroad have seen a substantial increase, rising by 47.1% during the first 11 months of 2024. With a growing number of Egyptians living and working abroad, the ...

JP Morgan Securities has been appointed as the Stabilization Coordinator for Egypt's latest bond issuance, as the country enters the international debt markets with a new series of senior unsecured ...