Egypt ascends from developing to advancing implementation category in sustainable finance rating

Mon, 29 Apr 2024 - 04:07 GMT

The upgraded classification, facilitated by the International Finance Corporation (IFC)-led SBFN, is a testament to the Central Bank of Egypt's (CBE)

Finance min. says social protection budget increased to EGP 635.9 bn in FY 2024/25

Thu, 11 Apr 2024 - 07:59 GMT

The move reflects the State's commitment to supporting low-and middle-income families, especially in light of the ongoing economic reforms made by the State, Maait added in a statement released on Thursday.

$3.2B in total financial pledges from development partners to implement NWFE Program's energy pillar

Sun, 19 Nov 2023 - 08:58 GMT

This came at the first follow-up report of the NWFE program, launched by the Ministry of International Cooperation, on the occasion of the one-year anniversary of the launch of the NWFE program, the link between water, food and energy projects.

Egypt seeks to deepen relations with AIIB by more public-private partnerships: Min.

Mon, 25 Sep 2023 - 11:27 GMT

During the meetings, Egyptian Minister of Finance Mohamed Maait said that Egypt's hosting of the conference "reflects the country's role regionally and internationally."

MoU signed to fund over 2.4K enterprises among dwellers of Egypt's 'Decent Life' villages

Wed, 30 Aug 2023 - 02:19 GMT

Those are located across seven governorates.

Cost of construction of new cities not part of state’s budget

Thu, 27 Jul 2023 - 03:32 GMT

“New Urban Communities Authority assumes this responsibility, and new cities, such as New Alamein and the New Administrative Capital, are built in a self-development manner, and therefore they are far from the state's general budget,” he added.

Microfinance jumps by 18.4% in Q1 of 2023 hitting LE74.8B

Wed, 12 Jul 2023 - 05:57 GMT

That is compared to LE63.1 billion in the same period last year.

Maait: We look forward to launching sustainable debt coalition in Egypt

Sat, 15 Apr 2023 - 12:20 GMT

Finance Minister Mohamed Maait said soft climate financing can be a new developmental locomotive for emerging economies.

Lawmakers call for amending Small Projects law to financialy empower women

Thu, 06 Apr 2023 - 10:42 GMT

The Medium, Small, and Micro Enterprises Committee in the Egyptian House of Representatives recommended preparing a proposal to amend the Small Projects Law to ensure incentives for women.

MSMEDA financed 2,134 projects in Red Sea in 2022

Mon, 20 Feb 2023 - 05:35 GMT

Hussein added in a statement on Monday, said that these projects provided 3,609 job opportunities.

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.