IMF reaches staff-level agreement with Egypt on $5.2 B loan

Fri, Jun. 5, 2020

The International Monetary Fund announced, Friday reaching a Staff-Level agreement on a 12-Month $5.2 Billion Stand-By loan arrangement.

Int'l institutions forecast positive growth rate for Egypt's economy: minister

Fri, Jun. 5, 2020

The government targets to boost investments in the higher education sector by 100 percent and IT sector by 300 percent, the minister added.

AfDB probes offering additional funding to help Egypt cushion COVID-19 impacts: official

Fri, Jun. 5, 2020

Blomberg noted that an agreement would soon be signed with the Egyptian government on emergency grant funding worth $500,000 for the categories harmed by COVID-19.

EGX ends week in green, market cap. gains LE 9.51B

Thu, Jun. 4, 2020

The benchmark EGX30 rose 1.89 percent, or 197.04 points, to close at 10,621.14 points.

2,176 projects in Egypt’s 27 governorates financed through Saudi grant

Thu, Jun. 4, 2020

Mashat added in a statement that the Kingdom of Saudi Arabia’s grant in Egypt contributed to achieving the goals of sustainable development and creating new job opportunities.

Planning Ministry: ٬LE 2B to be pumped for renovating Bab el Azab archaeological area

Thu, Jun. 4, 2020

This came in a video published by the Ministry of Planning and Economic Development on the social media.

Planning minister: Performance of Egyptian economy one of the best amid virus crisis

Thu, Jun. 4, 2020

This came in a report published by the Ministry of Planning to give analysis on the development of some indices related to the economic and social performance during the third quarter of the current fiscal year 2019/2020.

Electricity generated from renewable energy rises 3% in 2017/18

Thu, Jun. 4, 2020

the amount of electric energy generated from renewable energy (solar - wind) increased in 2017/2018, recording 2871 GWh, compared to 2780 GWh in 2016/2017.