International investment firm Goldman Sachs updated its forecast for Egypt’s inflation rate at the end of the year, predicting an uptick to 22% on an annual basis, according to a research note seen by ...

Egypt aims to increase the value of industrial investments by about 10% during 2024 to reach at least $3.6 billion, compared to $3.3 billion in 2023, the head of the Egyptian Commercial Representation ...

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 ...

Data published on the Central Bank of Egypt's (CBE) website revealed a substantial reduction in the net foreign assets (NFAs) deficit in March, marking its lowest level in over 2 years, heavily ...

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, ...

Al Ahly Capital, the investment arm of the National Bank of Egypt, recently completed procedures to acquire a 51% stake in Easy Lease, a subsidiary of El Sewedy Capital, the investment arm of El ...

The Ministry of International Cooperation (MoIC) will receive a technical mission from the European Union (EU) to discuss the mechanism of macroeconomic support and budget support. This will come ...

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.

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’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 ...

Starting tomorrow, Dr. Mohamed Maait, Egypt's Minister of Finance, will be participating in the "Spring Meetings" of the International Monetary Fund (IMF) and the World Bank in Washington, as well as ...

Prime Minister Dr. Mostafa Madbouly has reviewed the results of the Organization for Economic Cooperation and Development's (OECD) report on Egypt for the first time, within the activities of the ...