BRICS: Shaping global agenda with mutual respect and inclusion, says Lavrov
Russian Foreign Minister Sergey Lavrov addressed BRICS Sherpas and Sous-Sherpas in Moscow, emphasizing the group's potential to shape the global agenda and championing its principles of mutual respect and independent…
IMF mission makes “excellent progress” on Egypt’s reform program review, MEFP to be finalized in upcoming days
An International Monetary Fund (IMF) team led by Ivanna Vladkova Hollar made "excellent progress" on discussions with Egyptian authorities regarding the first and second reviews of the country's economic reform…
Egypt’s central bank raises interest rates by 2% to tame inflation
Egypt's central bank hiked key interest rates by 2% on Thursday, aiming to curb rising inflation despite signs of an economic slowdown. The Central Bank of Egypt's (CBE) Monetary Policy…
Cred unveils Ever New Cairo its EGP 30bn new project
Egypt’s real estate developer Cred has announced the launching of its latest and largest projects to date, Ever New Cairo. In partnership with the New Urban Community Authority, the project…
Cleopatra Hospitals plans to invest EGP 2bn over next 18 months
The Cleopatra Hospitals group intends to invest EGP 2bn over the next 18 months as part of its profit expectations strategy before interest, taxes, and depreciation over the next two…
Minister of Social Solidarity honors 10 women with ‘New Woman’ awards
Nevine El-Kabbaj, Minister of Social Solidarity, awarded 10 inspiring women with EGP 20,000 each during the third season of the “New Woman” initiative, sponsored by Victory Link and Nasser Bank.…
Egypt’s manufacturing and extractive index inched down 0.55% in November 2023
Egypt's manufacturing and extractive industries saw a slight decline in November 2023, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS). The agency has updated…
Shoukry urges US, donor countries to resume UNRWA funding for Gaza relief
Foreign Minister Sameh Shoukry met on Wednesday with Ambassador David Satterfield, the US Special Envoy for Humanitarian Affairs in the Middle East. Ahmed Abu Zeid, the spokesperson of the Ministry…
EBRD grants $5m loan to Egypt’s Tanmeyah Microenterprise Services
The European Bank for Reconstruction and Development (EBRD) has approved a senior unsecured loan of up to $5m (€4.6m) to Tanmeyah Microenterprise Services under the Financial Intermediaries Framework (FIF). The…