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