Reports on increase of customs tariffs on some commodities dismissed

Thu, 02 Feb 2023 - 05:13 GMT

It warned that these pages are trying to disrupt public order by spreading fake information in a bid to obstruct the development march achieved across the nation and create a state of discontent among citizens.

US interest rate hikes by 0.25 percentage point to tame inflation

Wed, 01 Feb 2023 - 09:22 GMT

The Federal Reserve raised interest rates by half a percentage point Wednesday and signaled plans to keep raising them more in 2023, capping off one of the most aggressive years in the central bank’s history, The Washington Post reported.

Gov’t to announce soon plan of listing 20 companies on Bourse: PM

Wed, 01 Feb 2023 - 08:27 GMT

Prime Minister Mostafa Madbouli revealed on Wednesday that the government will announce soon its plan of listing more than 20 companies on the Egyptian Stock Exchange (EGX).

Egypt has political will to stimulate investments: Finance Minister

Mon, 30 Jan 2023 - 06:01 GMT

Egypt is carrying out different development projects that provide distinguished investment opportunities in promising sectors, Maait added.

Dollar price increases at end of transactions at Egypt's major banks

Mon, 30 Jan 2023 - 05:43 GMT

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered LE 29.90 for buying and LE 30.00 for selling.

S&P Global Ratings maintains Egypt credit rating at B with stable outlook

Fri, 27 Jan 2023 - 03:17 GMT

Standard and Poor’s (S&P) has maintained Egypt's foreign and local currency credit ratings at B level with a “stable outlook" for the second time in three months.

Egypt's food exports hit $4.12B in 2022

Wed, 25 Jan 2023 - 05:04 GMT

According to a monthly report issued by the FEC January 2022 exports reached $306 million, with an increase of 14 percent, compared to the same period in 2021, as it stood at $267 million.

State keen to grant private sector 'appropriate' opportunities for growth: Planning min.

Wed, 25 Jan 2023 - 05:01 GMT

During the meeting, the minister was briefed on the detailed explanation of the Tarboul Industrial City, which is built on a total area of 109 million square meters.

Egypt's exports of medical industries register $968M in 2022

Mon, 23 Jan 2023 - 05:04 GMT

In a statement Monday, head of the Egyptian Exporting Council of Medical industries (ECMI) Maged George said that the export's sectors have witnessed remarkable development over the past three years.

ITFC, ICD to provide $1.5 billion of integrated financing solutions to Egypt: Minister

Mon, 23 Jan 2023 - 04:09 GMT

The package aims at strengthening the country's ability to mitigate Covid-19's economic and social repercussions, as well as the successive geopolitics in the international arena as a result of the Russian-Ukrainian crisis, she added in a speech to the signing ceremony of ITFC-ICD 2023 annual work program with Egypt.

Lavrov: Russia supports peaceful resolution of disputes

Mon, 23 Jan 2023 - 02:58 GMT

Lavrov added Western countries are behind most of disputes and hinder normalization of conditions.

Ukrainian air forces launch 14 strikes on Russian positions

Sun, 22 Jan 2023 - 01:16 GMT

The relevant statement was made by the General Staff of the Armed Forces of Ukraine on Facebook, an Ukrinform correspondent reports.

FM to hold Sunday bilateral talks with his Italian counterpart

Sat, 21 Jan 2023 - 10:04 GMT

The talks will take up ways of boosting joint relations between the two countries in several domains and international and regional issues of mutual concern.

Egypt’s military production minister, US Nalco Water discuss water treatment cooperation

Fri, 20 Jan 2023 - 12:11 GMT

State Minister for Egypt's Military Production Mohamed Salah el Din Moustafa had talks with the vice president of US company Nalco Water on boosting bilateral cooperation in the field of wastewater treatment in Egypt using the "biuret" reagent.

Egypt's PM chairs 1st committee meeting to follow up on recommendations of economic conference

Thu, 19 Jan 2023 - 09:06 GMT

Prime Minister Moustafa Madbouli presided over the first follow-up committee meeting of the recommendations of the Economic Conference.

Cairo summit asserted centeralization of Palestinian cause: PLF member to MENA

Thu, 19 Jan 2023 - 11:28 GMT

In a special interview with MENA, Abu Yousef said that the summit asserted Egypt's political importance regionally and internationally.

Industry minister lauds role of digital transformation in boosting competitiveness of production sectors

Wed, 18 Jan 2023 - 01:06 GMT

Samir was speaking during a conference organized by Obeikan Digital Solutions to announce future plans of the company in the Egyptian market.

Planning minister to take part in Davos economic forum

Tue, 17 Jan 2023 - 12:59 GMT

The minister is due to meet with a number of ministers of economy and planning from various countries including Saudi Arabia and will hold meetings with CEOs of companies and banks taking part in the gathering.

Egypt seeks to finalize agreements on funds directed to “NWFE" Program ahead of COP28

Sun, 15 Jan 2023 - 05:02 GMT

According to Mashat, financing sources would include the State General Budget and the private sector, in addition to easy financing through development companies.

Ukraine Army eliminates about 115,290 enemy troops

Sun, 15 Jan 2023 - 11:30 GMT

The relevant statement was made by the General Staff of the Armed Forces of Ukraine on Facebook, an Ukrinform correspondent reports.