Egypt secures $230m in Japanese funding for budget support
Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, and Japan’s State Minister for Foreign Affairs, Fuji Hisayuki, signed agreements for development financing worth $234m. The agreements, encompassing both grants and concessional loans, aim to support the Egyptian
Beltone Leasing and Factoring, signed a Sale and Leaseback Agreement with SEKEM Group Worth EGP350 million
Beltone Leasing and Factoring, a subsidiary of Beltone Holding, announces the signing of an EGP350 million sale and leaseback agreement with SEKEM Group, a leading social enterprise focused on sustainable development and organic agriculture in Egypt. This partnership involves the
Suez Canal Bank provides Ashry Steel Group with EGP 2.35bn credit facility to support expansion
Suez Canal Bank has signed a cooperation protocol to provide Ashry Steel Group with credit facilities valued at EGP 2.35bn. The funding aims to support the group’s working capital needs, enabling its expansion and increasing its capacity to meet domestic
Egypt discusses enhanced cooperation with World Bank to drive digital transformation
Amr Talaat, Egypt’s Minister of Communications and Information Technology, has met with Sangboo Kim, Vice President of the World Bank for Digital Transformation, and his delegation to discuss strengthening collaboration in the field of digital transformation. The meeting, which took
Egypt aims to strengthen business climate to boost local, foreign investments
Hassan El-Khatib, Minister of Investment and Foreign Trade, presented the Ministry’s new strategic vision during a session of the House of Representatives. This marks a significant moment following the integration of the investment and foreign trade portfolios into a single
Madbouly directs efforts to forge balanced trade agreements with Africa
Egypt’s Prime Minister Mostafa Madbouly recently chaired a meeting of the Permanent Higher Committee for Monitoring Egyptian-African Relations, attended by Egypt’s economic ministers and other relevant government officials. The session, part of the government’s ongoing efforts to strengthen Egyptian-African ties,
Egypt, Saudi Arabia strengthen industrial cooperation with supply chain deal
Kamel Al-Wazir, Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, welcomed Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef and his delegation to discuss ways to enhance industrial cooperation between the two nations.
CBE hosts inaugural meeting of African Financial Stability Committee
In line with presidential directives to boost Egyptian-African cooperation and integration, the Central Bank of Egypt (CBE) hosted the inaugural meeting of the African Financial Stability Committee (AFSC) from December 9–11, 2024. Under the leadership of CBE Governor Hassan Abdalla,
CBE reports decline in annual core inflation to 23.7% in November
The Central Bank of Egypt (CBE) has reported a slight decrease in annual core inflation, which dropped to 23.7% in November 2024, down from 24.4% in October 2024. Monthly core inflation for November 2024 stood at 0.4%, a decrease from
D-8 Commissioners meet in Cairo to prepare for summit, back Egyptian proposals
Preparatory meetings for the Developing Eight Organisation for Economic Cooperation (D-8) Summit began in Cairo on December 16th, with member states gathering at the commissioner level to discuss key agenda items. The meetings, chaired by Egypt, are a precursor to