Egypt to Raise $2bn Through International Bond Issuance in next February
In a move to strengthen its financial position, Egypt is set to raise up to $40 billion through its global medium-term note programme. As part […]
Egypt
Egypt Secures $231 Million Loan from Japan to Boost Private Sector, Green Economy Transition
Egypt has secured on January 20 a $231 million concessional loan from the Japan International Cooperation Agency (JICA) to support the development of its private […]
Egypt and UN back Lebanon’s new Government, express optimism for future stability
Egyptian Prime Minister Mostafa Madbouly and UN Secretary-General António Guterres have both extended their support to Lebanon’s newly appointed Prime Minister, Nawaf Salam, as the […]
Somalia and Ethiopia Resolve Dispute Over Somaliland, MoU, Set to Strengthen Diplomatic Ties
Somalia has announced that obstacles preventing Ethiopia’s participation in the new African Union mission in Somalia (AUSSOM) have been resolved. This follows the resolution of […]
Egypt’s Foreign Trade Reaches $104.7bn in 2023/2024, Led by Key Global Partners
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
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
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
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
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
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 […]