Egypt, EU sign development financing agreements worth €138m
The agreements included a €24m grant from the EU’s Integrated Rural Development…
Egypt’s expenditures reach EGP 2.71trn, revenues at EGP 1.518trn in 2022/23 draft budget: Finance Minister
Debt service ratio reduced to 7.6% of GDP, 33.3% of budget expenditures
Egypt’s Paymob raises $50m in Series B round of funding
This round brings Paymob’s total funding up to more than $68.5m.
Egypt records 1.64% decrease in manufacturing and extractive index during February 2022
CAPMAS updated the index methodology using FY year 2012/13 as a base…
EFG Hermes recognised by Financial Times and Statista as one of Africa’s fastest growing companies in 2022
Previously, the annual rankings featured the most innovative companies around the world…
Apex International Energy tests Fajr-8 well in Egypt’s Western Desert, yields 2,440 barrels of oil per day
Fajr-8 is connected to production facilities and started production on 8 May,…
Aviation, Tourism Ministers discuss mechanisms to stimulate and advance Egypt’s tourism and air movement
El-Anany began the meeting by thanking Manar for his cooperation and permanent…
Egypt imposes fees on integrating solar plants for irrigation on electricity grid
The main objective of the decision is to open the way for…
Domestic inflation rates within safe and expected limits: Salah Hashem
A new study by “Draya” says infrastructure investments spared national economy stagflation…
Positive expectations for the performance of food producers despite inflation and interest rates
12.6% increase in food prices between February and last March: FAO
