Category: Egypt

Egypt reveals $800 million monthly loss in Suez Canal revenues due to regional tensions

March 18, 2025

Egyptian President Abdel-Fattah El-Sisi disclosed that the country is losing approximately $800 million per month in revenue from the Suez Canal due to the ongoing ... Read More

Egypt launches ‘Alliance & Development’ Initiative to foster innovation, economic growth

March 17, 2025

Egypt's Ministry of Higher Education and Scientific Research is advancing its "Alliance and Development" initiative as part of the National Policy for Sustainable Innovation, which ... Read More

Egypt moves forward with privatization as Emirates NBD eyes Banque du Caire

March 14, 2025

Emirates NBD, the largest bank in Dubai by assets, has commenced due diligence on a potential acquisition of a stake in Banque du Caire, Egypt’s ... Read More

IMF approves $1.2 billion for Egypt following economic review

March 12, 2025

The International Monetary Fund (IMF) Executive Board completed its fourth review of Egypt’s economic reform program under the Extended Fund Facility (EFF) arrangement, granting the ... Read More

Egypt: Tax revenue growth, plans for economic stimulus

March 11, 2025

Egypt’s tax revenues surged by 38 percent in the first half of the 2024/2025 fiscal year, according to Finance Minister Ahmed Kouchouk. During a panel ... Read More

Egypt: New trade entity aimed at strengthening exports across Arab markets

March 7, 2025

Egypt is set to establish a new trade entity aimed at strengthening exports across Arab markets, as part of a broader strategy to drive economic ... Read More

AI urges Egypt to end reprisals against hunger-striking detainees

March 6, 2025

Amnesty International has called on Egyptian authorities to halt reprisals against prisoners at 10th of Ramadan Prison who have been protesting against their arbitrary detention ... Read More

Morocco, Egypt review trade agreement

February 28, 2025

Morocco and Egypt are reviewing their free trade deals after Egyptian authorities-imposed restrictions on Morocco’s car exports. The news was confirmed by spokesman for the ... Read More

Ramadan: Egypt unveils EGP 200bn support package to combat rising costs

February 27, 2025

In a bid to alleviate the burden of rising living costs on citizens, the Egyptian government has announced a substantial EGP 200 billion social support ... Read More

Libya: Author of assassination attempt on Cabinet Minister Adel Juma identified

February 26, 2025

The Attorney General's Office revealed on Tuesday February 25 that the Public Prosecutor has successfully identified the individual responsible for the recent assassination attempt on ... Read More