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Egypt seeks to lure $10B FDI in FY 2022-2023
Egypt is looking to attract $10 billion-foreign direct investments for the fiscal year 2022-2023, Arab Finance reports citing a report by the Ministry of Planning and Economic Development on the goals of the budget bill. The report says the government is also pursuing the creation of around 900,000 jobs annually to keep the unemployment rate […]
Egypt: Hassan Abdallah appointed as acting governor of central bank
Egypt’s President Abdelfattah al-Sisi has named Hassan Abdallah as acting governor of the central bank of the country after the former chief resigned Wednesday. Abdallah until the appointment Thursday was Chairman of the Board of Members of the United Media Services Group (UMS). The 62-year old man replaces Tarek Amer who resigned Wednesday but was […]
Ceasefire Agreement in Gaza: Morocco welcomes President Trump’s announcement
Morocco, whose Sovereign chairs the Al-Quds Committee, welcomes the announcement made by U.S. President Donald Trump regarding the conclusion of a ceasefire agreement in Gaza. Morocco “expresses its deep appreciation for the sustained efforts and personal commitment of His Excellency President Donald Trump, which have played a decisive role in achieving this hopeful outcome, and […]



