Egypt reduces value of import bill in 2023: CAPMAS

Thu, 14 Mar 2024 - 12:53 GMT

The Egyptian state has succeeded in reducing the value of the import bill and increasing reliance on the local product during the last year.

In detail: Egypt plans to amass $300B in foreign reserves by 2030

Tue, 09 Jan 2024 - 01:57 GMT

Egypt Today reviews the details of the state’s plan to collect this amount during the coming years.

Egypt offers conscription settlement for Egyptians abroad at $5,000

Thu, 27 Jul 2023 - 01:29 GMT

This initiative is part of the government's efforts to provide facilitation and achieve social stability for these individuals.

Molla: Investments of Khalda, Qarun companies in new fiscal year exceed $1B

Mon, 07 Feb 2022 - 04:30 GMT

The minister shed light on steps for rallying efforts to implement a working plan that is capable of meeting the production needs through increasing oil resources from crude, gas and distilled products after the oil price rise in international markets, said a statement issued by the ministry.

Egypt's holdings of US Treasury bonds record $2.25B

Thu, 20 Jan 2022 - 04:01 GMT

On a monthly basis, Egypt's holdings of US Treasury bonds stabilized during November 2021 at $2.249 billion, unchanged from the previous October.

CAPMAS: Egypt ranks sixth among world's top recipients of remittances

Mon, 29 Mar 2021 - 03:29 GMT

In a report Monday, it added that remittances from abroad reached 24.4 billion in 2020, representing 6.7 percent of GDP.

Saudi ElSharbatly Group intends to invest $ 2.5B in Egypt within 5 years

Mon, 15 Mar 2021 - 12:22 GMT

Hassan ElSharbatly explained that about $ 2 billion had been invested during the last 15 years of the company's work in Egypt, according to the government statement.

CBE: Egyptian banks' balances abroad exceed $20B in 8 months

Thu, 14 Jan 2021 - 01:05 GMT

Egyptian banks’ balances abroad jumped during that period by up to 100 percent, equivalent to $10 billion, despite the repercussions of the coronavirus.

Plus VC establishes $60M capital fund to invest in 4 Arab countries including Egypt

Mon, 12 Oct 2020 - 04:52 GMT

The fund will operate through its offices in Saudi Arabia, Bahrain, the Emirates and Egypt, according to a company press release.

ECBM: Egypt's exports of building materials hit $ 1.5 bn during Q1 2020

Sat, 25 Apr 2020 - 12:53 GMT

Egypt's exports of building materials, refractory and metallurgy industries hit 1.5 billion dollars during the first quarter of 2020, recording an increase of 32.8 percent, compared with 1.15 billion dollars during the same period last year.

Pinched by fees

Sun, 24 Sep 2017 - 02:48 GMT

The Ministry of Education took action to control private and international schools' rising fees for this academic year.

Merchants say Egypt tourism revival steady

Tue, 19 Sep 2017 - 07:55 GMT

Pummelled by political unrest and jihadist attacks, Egypt's tourism industry is slowly growing again.

Trump to call for China IT trade probe on Monday: Politico

Sat, 12 Aug 2017 - 12:10 GMT

U.S. President Donald Trump will call on Monday for his chief trade adviser to investigate China's intellectual property practice.