finance

Egypt's Senate passes bill regulating work of 'Digital Egypt Fund'

Sun, 25 Dec 2022 - 02:02 GMT

The bill also indicated the sources of funding.

Switzerland, Spain commit €10M to AfDB at COP 27 in support to green urbanization

Fri, 18 Nov 2022 - 05:14 GMT

The AfDB's vice-president, Kevin Urama, stated in July that Africa was losing 5 percent to 15 percent of GDP per capita due to climate change.

IMF, Egypt agree to finalize their work to reach a Staff-Level Agreement very soon

Sat, 15 Oct 2022 - 09:38 GMT

Mr. Gerry Rice, Director of Communications at the International Monetary Fund (IMF), said that the IMF staff and the Egyptian authorities “have held very productive in-person discussions on the margins of the IMF and World Bank Annual Meetings and made substantial progress on all policies.

Blended, innovative finance at heart of COP27 agenda: Mahmoud Mohieldin

Wed, 05 Oct 2022 - 01:42 GMT

He also referred to the importance of promoting blended finance through public and private sectors, as well as strengthening the role of non-state actors.

Egypt launches 'Your Road is Safe' initiative targeted at delivery workers

Tue, 23 Aug 2022 - 02:39 GMT

That is within the government's bid to expand the social safety network among irregular workers.

Egypt's Sisi directs to keep national budget on safe financial, economic path

Sun, 21 Aug 2022 - 08:45 GMT

The FY 2021-22 financial performance indices have proven that Egypt has showed resilience against the global economic changes and crises, as it managed to achieve positive results, especially after being among a limited number of countries, which succeeded in achieving a primary surplus of 1.3 percent of GDP, compared to primary deficits seen by other countries.

COP 27 Egyptian presidency, UN launch initiative to catalyze investments for climate projects

Sun, 31 Jul 2022 - 01:24 GMT

The Egyptian initiative includes holding five major regional roundtables.

Finance min. says govt acting to alleviate burden on citizens

Sun, 10 Jul 2022 - 11:02 GMT

Finance Minister Mohamed Ma’eit said Sunday that the government is acting to alleviate the burden on citizens.

Egypt-ICF supports setting unified vision for green transition in Africa ahead of COP27: Minister

Sat, 04 Jun 2022 - 01:48 GMT

The 2nd edition of Egypt International Cooperation forum (Egypt-ICF) is planned to set a unified vision for the green transition ahead of the United Nations Climate change Conference (COP27) scheduled this November, Egyptian Minister of International Cooperation Rania el Mashat said Saturday.

Egypt, Qatar talks means to develop bilateral coordination amid turbulent global economic scene

Sat, 04 Jun 2022 - 01:26 GMT

The two sides praised the tangible progress in the course of the Egyptian-Qatari relations, in a way that serves the goals and interests of both countries and peoples.

Egypt’s Armed forces organizes educational seminar in cooperation with Finance, Local Development Ministries

Wed, 25 May 2022 - 09:47 GMT

The Armed Forces Morale Affairs Department organized, Wednesday an educational seminar for the armed forces men

COP27 Champion says approach to climate change mitigation, adaptation not fair

Mon, 23 May 2022 - 11:49 GMT

The COP 27 Champion pointed out that Africa’s contribution in emissions is just 3-4%.

‘U.S remains Egypt’s reliable and long-term partner’: Chargé D’Affaires in Cairo

Mon, 23 May 2022 - 11:43 GMT

Chargé D’Affaires at the U.S. Embassy in Cairo Nicole Shampaine stated Sunday that the United States had invested $80 billion in Egypt over the years

Egypt’s Finance Minister calls on developed countries to help alleviate debt burden for developing states

Mon, 23 May 2022 - 10:55 GMT

The minister presented some features of Egypt’s policies to face global economic crisis.

Egypt formulates gender-sensitive sustainable development plan: Planning Minister

Mon, 23 May 2022 - 10:49 GMT

In addition, a mechanism is being devised to fund developmental projects in governorates by identifying developmental gaps in each, Said revealed.

Income tax law amendments aim to stimulate investment - minister

Mon, 02 May 2022 - 11:57 GMT

Finance Minister Mohamed Maait said on Monday amendments to the income tax law, approved by the Cabinet and referred to the House of Representatives, aim to alleviate citizens' suffering and stimulate investment in light of the crises that have affected the global economy, starting from the repercussions of the coronavirus till the unprecedented challenges posed by the Russian-Ukrainian war.

Egypt, World Bank discuss priorities on framework of strategic partnership 2023/27

Sun, 17 Apr 2022 - 02:54 GMT

The size of the current funding portfolio between Egypt and the World Bank is $5.5 billion directed towards 15 projects.

Egypt to host North Africa Trade Finance Summit on June 7-8

Mon, 04 Apr 2022 - 03:20 GMT

The theme is "Improving Trade Resilience Amid Series of Global Supply Chain Disruptions."

Egypt looks forward to increasing French investments in 8 sectors: President Sisi

Mon, 28 Mar 2022 - 02:19 GMT

President Abdel Fatah al-Sisi received Monday French Minister of Economy and Finance Bruno Le Maire at Al Itiyadiyah Presidential Palace.

Funding portfolio of International Islamic Trade Finance Corporation with Egypt is $13.8B

Mon, 14 Mar 2022 - 03:12 GMT

Minister of Planning and Economic Development Hala al-Said stated Monday that the International Islamic Trade Finance Corporation has funded Egypt with $13.8 billion until present.

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