Moody’s projects 5% growth for Egypt’s economy in next fiscal year
Credit ratings Agency Moody’s has expressed confidence in Egypt’s economic future, forecasting a 5% growth rate for the upcoming fiscal year, building on an estimated […]
Egypt
Chinese EV makers to boost investments in Africa to avoid tariffs as rivalry with EU, US heats up
With the United States and the European Union imposing hefty tariffs on Chinese electric vehicles (EVs), its carmakers are searching for alternative markets, notably in […]
Sudan crisis: UN appeals for ceasefire as attacks on civilians escalate
The United States and four Arab states have reportedly renewed their efforts to resolve the crisis in Sudan, while the United Nations has launched its […]
Egypt, Turkey hold talks on African affairs with focus on the Horn of Africa and Libya
The recently held second round of political consultations between Egypt and Turkey focused on African affairs, particularly in the Horn of Africa and the Red […]
Egypt’s food industry exports hit $4.6B in 9 months
Egypt’s food industry exports reached $4.6 billion from January to September 2024, marking an 18% growth and an increase of $688 million compared to the […]
Egypt’s agricultural exports rise by 32% amid expansion of fertile land
Egypt’s agricultural exports saw a 32% increase in the first 10 months of 2024, according to a report from the Ministry of Agriculture and Land […]
African leaders congratulate Trump on election victory amid looming uncertainty
Congratulatory messages from leaders all across Africa to Donald Trump on his decisive election victory have been pouring in, with some hailing the return of […]
Egypt approves $158.6M Draschem project to localize specialized chemical production
Egypt’s Cabinet has approved a proposal from the Ministry of Investment and Foreign Trade to establish a new private free zone at the Sidi Kerir […]
Venezuela: Parliament forms friendship Groups with Portugal and Guinea-Bissau
The Venezuelan National Assembly has announced on October 29 the creation of parliamentary friendship groups with six countries, including Portugal and Guinea-Bissau. These groups, led […]
World Bank unveils Egypt’s 2024-2025 external debt repayment plan
On October 24, the World Bank has outlined Egypt’s external debt repayment obligations for the current fiscal year, totaling $60.8 billion scheduled between July 2024 […]