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Egypt

Egypt’s Foreign Trade Reaches $104.7bn in 2023/2024, Led by Key Global Partners

January 15, 2025 Khalid Al Mouahidi 0

Egypt’s foreign trade reached approximately $104.7 billion in the 2023/2024 fiscal year, according to the Central Bank of Egypt (CBE). This figure includes $72.1 billion […]

Zimbabwe becomes latest African country to work with Russia to establish nuclear energy

January 9, 2025 Geraldine Boechat 0

Zimbabwe has become the latest African country to express an interest to work with Russia to establish nuclear energy as part of its efforts to […]

Egypt receives first installment of EU’s Macro-Financial Assistance Program

January 3, 2025 Khalid Al Mouahidi 0

During the weekly press conference on Wednesday, January 1, Prime Minister Mostafa Madbouly announced that Egypt has received the first installment of the European Union’s […]

Egypt: 3.5% economic growth in Q1 FY2024/25

January 1, 2025 Khalid Al Mouahidi 0

Egypt’s economy has shown remarkable resilience amid global uncertainties, achieving a solid 3.5% growth in the first quarter of the 2024/25 fiscal year, a notable […]

Egypt signs $135 million deal to establish MG Car Manufacturing Facility

December 30, 2024 Khalid Al Mouahidi 0

Egypt has inked two significant agreements to establish an MG car manufacturing facility with a total investment of $135 million. These agreements concluded on December […]

Egypt: CBE keeps interest rates unchanged in final meeting for 2024

December 29, 2024 Khalid Al Mouahidi 0

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) met on Thursday, December 26, and decided to maintain the overnight deposit rate […]

Egypt partners with UAE’s Alcazar for $2.5B hybrid power plant in Zafarana

December 26, 2024 Khalid Al Mouahidi 0

The Egyptian Government has finalized an agreement with UAE-based company Alcazar to establish a hybrid power plant in the Zafarana region. This project will combine […]

Egypt celebrates production of first batch of locally made insulin

December 18, 2024 Khalid Al Mouahidi 0

Egypt marked a significant milestone in its pharmaceutical sector with the production of the first locally-made insulin. During a ceremony on Tuesday, December 17, Chairman […]

Egypt Secures $40 million loan for landmark wind energy project

December 14, 2024 Geraldine Boechat 0

Egypt has secured a $40 million loan from the OPEC Fund for International Development to advance the construction of two large-scale wind farms in the […]

China leads as Egypt’s top import market in 2024

December 12, 2024 Geraldine Boechat 0

China has solidified its position as Egypt’s leading trading partner for imports during the first eight months of 2024, according to data from the Central […]

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