Aswan Forum sheds light on pathway out of pandemic to development

Mon, 01 Mar 2021 - 06:46 GMT

A session titled "Recovering Stronger, Rebuilding Better: Pathways for a More Secure, Resilient, and Prosperous Africa" was held.

Egypt's Int'l Cooperation Minister emphasizes structural reforms for economic resilience in World Bank meeting

Sat, 03 Oct 2020 - 03:41 GMT

Minister of International Cooperation, Dr. Rania Al-Mashat, participated in a virtual session organized by the World Bank Group, where she referred to the importance of structural reforms and how it helped in achieving an economic recovery that is flexible and sustainable that enabled it to absorb the shocks of the COVID-19 pandemic.

Egypt Economic Summit kicks off Tuesday

Tue, 12 Nov 2019 - 09:21 GMT

Egypt Economic summit kicked off Tuesday, Nov. 12, in Cairo, under the auspices of Prime Minister Mostafa Madbouli.

Sisi: June 30 one of greatest days in Egypt's modern history

Sun, 30 Jun 2019 - 11:30 GMT

"Egyptians' loyalty to Egypt and their rejection of any attempt to erase their national identity are facts that do not change by time," Sisi said.

PM, UAE ministers discuss cooperation in administrative reform

Thu, 23 May 2019 - 12:37 GMT

The prime minister said that cooperation in that sector has been going well so far, stating that he looks forward to including other sectors.

IMF experts agree to final tranche of $12b loan to Egypt

Sat, 18 May 2019 - 08:45 GMT

International Monetary Fund experts has recommended the disbursement of the 6th and last tranche of $2 billion to Egypt in their review to its economic reform program.

WBG President praises Egypt's economic reform program

Sat, 04 May 2019 - 04:19 GMT

In his two-day visit to Egypt, Malpass has inspected a number of Egypt's mega-projects, including Benban Solar Park, world’s largest solar park, in Aswan, the statement said.

Parliament's general committee approves constitution's draft amendments

Tue, 05 Feb 2019 - 03:22 GMT

Two thirds of parliamentarians voted in favor of the proposal to be further discussed.

Charter flights between Lyon, Hurghada to be launched in 2019

Mon, 17 Dec 2018 - 09:40 GMT

The ambassador unveiled that charter flights between Lyon and Hurghada will be launched in 2019.

Media main partner in executing economic reform plans: Min.

Wed, 09 May 2018 - 12:02 GMT

The Trade Minister said the media's active and positive participation contributes to promoting for comprehensive economic development plans.

Egypt’s reform started to reap results: IMF

Tue, 08 May 2018 - 03:30 GMT

First Deputy Managing Director of the International Monetary Fund (IMF) David Lipton said growth is at the highest rate since 2008.

‘Good’ signs from the IMF on Egypt’s reform progress: Mohieldin

Tue, 08 May 2018 - 01:19 GMT

A delegation from the IMF is currently visiting Egypt to review progress on economic reforms.

Gov't adopts full program for reform: Planning Min.

Sat, 05 May 2018 - 11:55 GMT

The Planning Minister said the government adopted a comprehensive program for economic and social reform, based on the 2030 Egypt vision.

Egypt targets 8% industrial growth annually: Min.

Sat, 05 May 2018 - 11:16 GMT

Egypt targets eight percent industrial growth annually, an equivalent of investments worth LE 150 billion a year, Trade Minister said on Saturday.

PM receives report on visit of IMF delegation

Thu, 03 May 2018 - 03:25 GMT

The IMF delegation will carry out the third revision of the economic reform program.

Egypt’s foreign reserves reach $44B in April for first time in history

Thu, 03 May 2018 - 12:31 GMT

Egypt’s foreign reserves stood at $44.029 billion at the end of April for the first time in history, the Central Bank of Egypt (CBE) announced on Thursday.

IMF delegation to visit Egypt next week for program’s review

Wed, 02 May 2018 - 12:12 GMT

An International Monetary Fund (IMF) delegation will arrive in Cairo next week to review Egypt’s progress on economic reforms.

Decline in inflation over past 4 months reflects improved economy: Min.

Tue, 01 May 2018 - 03:40 GMT

The decline also reflects stability in commodity prices, which were largely impacted by the flotation of the Egyptian pound, the Finance Minister said.

World Bank shareholders back $13 billion capital increase

Sun, 22 Apr 2018 - 08:24 GMT

The bank agreed to change IBRD’s lending rules to charge higher rates for developing countries with higher incomes, to discourage them from excessive borrowing.

Business News Wrap-up

Wed, 04 Apr 2018 - 05:23 GMT

A wrap-up of the most prominent business news of the day.