Annual urban headline inflation increases to 37.4% in August 2023
Monthly core inflation records 0.3% in August 2023: CBE
Al-Sisi, Erdoğan discuss bilateral relations, regional issues
Meeting was held in New Delhi on sidelines of G20 summit
Talaat Moustafa Group launches ‘Benan City’ in Riyadh with SAR 40bn investment
Benan City is to be built on area of 10 million square metres, providing 27,750 housing units
Egyptian pound to weaken further by year-end: FocusEconomics
The Egyptian pound is expected to end calendar year (CY) 2023 at EGP 34.69 per USD and end CY 2024 at EGP 36.09 per USD, according to FocusEconomics panelists. The…
EGX, FRA join African Climate Summit in Kenya
A delegation from the Egyptian Exchange (EGX) took part in the 2023 African Climate Summit, which is being held in Nairobi, Kenya. The EGX and the Financial Regulatory Authority (FRA)…
TAQA Arabia sets up joint venture in Saudi Arabia to expand gas business
TAQA Arabia, an energy company, has formed a joint venture with the National Gas Distribution Company (NGDC) in Saudi Arabia, under the name First Gas Company. The new company has…
Qardy, Sandah partner to expand financing for MSMEs
Qardy, an online lending marketplace, has formed a strategic partnership with Sandah, a for-profit microfinance company, to empower and support micro, small, and medium enterprises (MSMEs) in Egypt. The partnership…
Huawei Egypt, NCW launch initiative to empower Egyptian women in ICT sector
Huawei Technologies, a leading provider of information and communications technology solutions, partnered with the National Council for Women (NCW) to launch the “Women in Technology” initiative on 6 September 2023.…
G20: Biden leads initiative to scale up World Bank
US President Joe Biden is leading a major new initiative with G20 partners to fundamentally reshape and scale up the World Bank, the White House said Saturday. The initiative aims…
Trade between Egypt, G20 countries recorded $88.1bn in 2022: CAPMAS
G20 countries’ investments in Egypt reached $24bn in FY 2021/22