Business

23:36

cairo, gmt + 2

23 July

Tuesday, 2024

Minister of Investment and Foreign Trade, Hassan El-Khatib, held a meeting with the members of the council where they discussed various matters.

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Magazine Egypttoday December 2023

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Egypt's net foreign reserves achieve $46.38 billion in June 2024: CBE

Mon, 22 Jul 2024 - 02:27 GMT

The source also mentioned that the current reserve balance is sufficient to cover approximately 7.9 months' worth of the country's merchandise imports.

Egypt, Saudi Arabia electrical interconnection project to boost energy exchange next summer

Mon, 22 Jul 2024 - 01:29 GMT

The primary objective of this project is to establish a collaborative energy exchange system that takes advantage of the differing peak times and increased loads in both countries.

National telecom regulator reveals new telemarketing registry and alert service

Mon, 22 Jul 2024 - 01:15 GMT

In the coming few weeks, citizens will receive an “NTRA Alert” whenever they are contacted by a number from the database, or the identity of the commercial entity prior to the call

Madbouly urges enhanced continental integration, outlines priorities of NEPAD presidency

Mon, 22 Jul 2024 - 12:24 GMT

Priorities also included accelerating the activation of the Continental Free Trade Agreement, as well as enhancing the benefits provided to member states

Egypt to increase subsidized fertilizer prices by up to 30%

Mon, 22 Jul 2024 - 11:12 GMT

The objective behind this decision is to mitigate the significant surge in production costs experienced recently.

International Co-op and Investment ministers meet to discuss strategies to attract FDIs

Sun, 21 Jul 2024 - 03:40 GMT

El-Khatib emphasized the importance of aligning efforts with global partners to expand productive and service sectors capable of generating financial returns

Goldman Sachs forecasts interest rate reductions, inflation decline, stable exchange rate for Egypt

Sun, 21 Jul 2024 - 03:01 GMT

The report suggests that in September, the CBE will reduce interest rates by 1 percent, followed by a further decrease of 2 percent in the last quarter of 2024.

Egypt’s NatGas production fell in May to weakest level since 2018: JODI

Sun, 21 Jul 2024 - 01:43 GMT

Soaring power demands and operational challenges have led to Egypt’s natural gas (NatGas) production levels to plummet to its lowest levels in over 6 years, according to data from the Joint Organizations Data Initiative (JODI)

Egypt launches new labs affiliated to General Organization for Export and Import Control

Sun, 21 Jul 2024 - 01:04 GMT

Minister of Investment and Foreign Trade Hassan al-Khatib inaugurated the labs earlier this week.

Egypt to enhance commodity exchange for economic contribution

Sun, 21 Jul 2024 - 12:30 GMT

The importance of conducting transactions in accordance with market mechanisms was emphasized, with the goal of achieving transparency and clarity at the highest levels.

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