cairo, gmt + 2

27 February

Tuesday, 2024


Magazine Egypttoday December 2023

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Poultry prices expected to decline in Egypt by the end of 2024

Tue, 27 Feb 2024 - 03:33 GMT

To bolster its operations, Cairo 3A Poultry recently inaugurated its state-of-the-art poultry processing factory in the Tenth of Ramadan City's industrial zone. The company invested a substantial amount of EGP 600 million into the facility, which has an initial production capacity of 9,000 tons per year.

Consumer Finance Federation President stresses exchange rate stability for robust market outlook

Tue, 27 Feb 2024 - 03:08 GMT

Zater added when asked about the Ras El Hikma deal, that exchange rate stability would attract investors.

Egypt 'key partner' for EIB: Bank President

Tue, 27 Feb 2024 - 02:39 GMT

The purpose of the meeting was to discuss the EIB's financial and technical support for crucial investments that enhance economic opportunities for millions of Egyptians.

Egypt targets LE 600B from private investments in FY23/24: Planning Ministry

Tue, 27 Feb 2024 - 02:22 GMT

In the previous fiscal year, FY22/23, Egypt anticipated a growth of around 31 percent in private investments, while the actual growth rate achieved in FY21/22 was 29 percent.

Report: Egypt aims to achieve 4.1% economic growth rate during 2023/2024

Tue, 27 Feb 2024 - 12:14 GMT

The report explained that the target unemployment rate for the year of the plan is between 7.3% - 7.6%, while the target is to achieve an inflation rate of 16%.

Egypt-EIB cooperation portfolio values $3.6 billion in 18 development projects

Tue, 27 Feb 2024 - 11:49 GMT

Egypt enjoys strong relations and a huge portfolio size with the European Investment Bank (EIB), in light of the role played by the Ministry of International Cooperation to develop and strengthen economic relations with multilateral and bilateral development partners and international institutions.

Minister of Finance to review Egypt’s economic vision at BRICS meetings tomorrow

Mon, 26 Feb 2024 - 03:47 GMT

Maait will present Egypt's perspective on various aspects, including the need for the global financial structure to accommodate the requirements of developing and emerging nations.

House of Representatives approves €80.5M grants from Germany, EIB for development projects

Mon, 26 Feb 2024 - 02:17 GMT

The funding will be divided into two parts: firstly, €28 million will be directed towards enhancing risk management and credit guarantee mechanisms, specifically tailored to meet the financing needs of small and medium-sized enterprises (SMEs). Secondly, €32 million will be allocated to support the Comprehensive Technical Education Initiative in Egypt

Egypt's finance ministry implements Unified General Finance Law through executive regulations

Mon, 26 Feb 2024 - 01:27 GMT

The new regulations aim to govern funds and private accounts while complementing efforts to establish a robust framework for preparing, implementing, and monitoring the state's general budget and economic entities

Annual Capital Markets Summit discusses Ras El Hikma deal

Mon, 26 Feb 2024 - 11:35 GMT

Themis came during a session entitled,”Promotional efforts to attract foreign direct investment”.


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