Egypt, USTDA to collaborate on methane emission reduction roadmap
Egypt’s Prime Minister, Mostafa Madbouly, has approved a draft presidential decree for an agreement between the Egyptian General Petroleum Corporation (EGPC) and the US Trade and Development Agency (USTDA) to prepare a “Roadmap for Methane Emission Reduction in Egypt.” This
Local Development Ministry to increase funding through ‘Mashrou’ak’ to EGP 4bn in 2025
The Ministry of Local Development plans to increase funding for the National Project for Human and Community Development, “Mashrou’ak” (Your Project), to EGP 4bn in 2025. The programme aims to finance 3,000 projects and generate 70,000 jobs. In addition, Mashrou’ak
Egypt receives first €1bn EU funding instalment
Egypt has received the first instalment of a €1bn funding package from the European Union, with the funds being deposited into the Central Bank of Egypt (CBE) on Friday, Prime Minister Mostafa Madbouly announced. The European Commission had previously announced
Egypt’s GDP Growth Reaches 3.5% in Q1 FY2024/25
Egypt’s economy experienced a 3.5% growth in the first quarter (Q1) of the FY2024/25, according to the Ministry of Planning, Economic Development, and International Cooperation. This marks an increase from the 2.7% GDP growth recorded during the same quarter of
Pakistan PM Unveils 5-Year Economic Plan, Urges Unity
Pakistan Prime Minister, Muhammad Shehbaz Sharif, on Tuesday launched a five-year economic plan, titled “Uraan Pakistan,” aimed at achieving sustainable, export-led economic growth. The plan is based on what the government has termed the “5Es”: exports, e-Pakistan, environment, energy, and
Health Ministry unveils medical plan for New Year, Christmas celebrations
The Ministry of Health and Population has announced a comprehensive medical plan to ensure public health during the upcoming New Year’s and Christmas celebrations in 2025. This initiative is part of the ministry’s ongoing efforts to safeguard citizens’ health during
CBE extends fee exemption for digital transfers via IPN, InstaPay for 3 months
In line with Egypt’s Vision 2030 to foster digital transformation, the Central Bank of Egypt (CBE) has issued a new set of decrees extending the exemption of fees and commissions for bank transfers made via electronic channels, including internet banking
Beltone Holding announces capital increase to EGP 21.676bn to fuel expansion, diversification
Beltone Holding has revealed the reasons behind its decision to increase its authorized capital from EGP 11bn to EGP 22bn, and its issued and paid-up capital from approximately EGP 10.926bn to about EGP 21.676bn. The company disclosed these plans in
Egyptian Parliament approves $131m AfDB budget support deal
The Egyptian House of Representatives has approved an agreement with the African Development Bank (AfDB) for $131m to finance the first phase of the Private Sector Development and Economic Diversification Program, a component of the country’s general state budget support.
Banque Misr’s mortgage portfolio hits EGP 21bn for 145,000 clients in 2024
Banque Misr has announced a significant increase in its mortgage portfolio, which rose by approximately EGP 3bn in 2024, bringing the total portfolio to EGP 21bn. This growth benefits approximately 145,000 clients, making the bank’s mortgage portfolio one of the