Minister of Supply and Internal Trade, Ali Al Moselhi, announced the official prices for tourist bread. The pricing came as follows: 150 piasters for bread weighing 80 grams, 75 piasters for 40 grams, ...

Egypt aims to increase crude oil production by about 9% during FY2024/2025, to reach 637 thousand barrels per day up from 580 thousand barrels currently, a government official said to Asharq Bloomberg ...

Minister of Planning and Economic Development, Hala El Said, disclosed that the government aims to achieve a 3% growth rate this fiscal year in an interview with Al Arabiya Business earlier today, ...

Egypt has announced its intention to import three shipments of liquefied gas per month from July to October this year, to address the country's power shortage issues during the summer months.

Egypt’s privatization program is now targeting $1 billion from stake sales of state-owned companies by the end of the year, with expectations to raise around $1.5 billion in 2025, according to ...

According to data from the Ministry of Communications and Information Technology, the usage of e-commerce among Egyptian households has been revealed. The statistics indicate that the percentage of ...

Egypt is exporting potatoes to the Moroccan market and strawberries to the Canadian markets, as part of the Ministry of Agriculture and Land Reclamation's efforts to open new international markets for ...

In an effort to bolster investor confidence and promote economic growth, Egyptian Finance Minister Dr. Mohamed Maait has emphasized the country's commitment to fostering a conducive environment for ...

Egypt ranked first in the list of countries importing Turkish products from Africa. According to data from the Turkish Exporters' Assembly, Turkish exports’ value to the Egyptian market amounted to ...

The Central Bank of Egypt (CBE) directed banks to increase the maximum limit for cash withdrawal by individuals and companies, from bank branches to EGP 250,000 per day. The directive included raising ...

The Financial Regulatory Authority (FRA) has released its latest quarterly report, providing insights into the performance of Egypt's non-banking financial services (NBFS). In the fourth quarter (Q4) ...

The Arab African International Bank (AAIB) delivered a strong set of results during 2023, with a growth of over EGP 100 billion in local currency deposits, a strong 82% YoY growth rate, while FCY ...