Shell, Cheiron to invest $340m in Egyptian oil and gas – Dailynewsegypt
Egyptian Petroleum Minister Karim Badawi on Sunday signed two agreements worth a combined $340m with Shell Egypt and Cheiron Energy to increase oil and gas production in the Mediterranean and Suez Gulf. The deals are part of the government’s ongoing
Total financial position of Egyptian banking sector increases to EGP 17.8trn in Q1 2024 – Dailynewsegypt
Household sector holds 74.2% of EGP 11.534trn in customer deposits
Egypt’s engineering exports surge 28.6% in H1 2024 – Dailynewsegypt
The Engineering Export Council of Egypt (EEC) recently reported a remarkable surge in the sector’s exports during the first half of 2024. Exports increased by 28.6%, reaching an impressive $2.599bn compared to the previous $2.02bn. Led by Sherif El-Sayyad, the
Egypt committed to enhancing tax system: Assistant Minister of Finance – Dailynewsegypt
We aim to leverage achievements to compete with world's leading tax entities: Youssef
Egypt’s Finance Minister advocates fiscal discipline, economic resilience at G20 – Dailynewsegypt
Kouchouk meets IMF managing director in Brazil
Egypt’s Al-Mashat urges increased water investment at G20 – Dailynewsegypt
Egypt called for greater investment in water management and infrastructure as a cornerstone of sustainable development at the G20 Development Ministerial Meeting here on Tuesday. Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, emphasized the critical role
CBE withdraws EGP 947.1bn from banks in open market operations at 27.75% interest rate – Dailynewsegypt
The Central Bank of Egypt (CBE) withdrew EGP 947.1bn from 32 banks in open market operations on Tuesday, at an interest rate of 27.75%. This action follows the CBE’s recent decision to amend its bid acceptance policies. Last week, the
Egypt targets $5bn in Indian investments by 2027 through strategic initiatives – Dailynewsegypt
Minister of Investment meets with Egyptian-Indian Business Council members
CBE, Baheya launch breast cancer initiative for banking women – Dailynewsegypt
Your Health is a Commitment" initiative includes early detection of breast cancer, free treatment services, awareness seminars
Egypt’s Elsewedy Electric boosts Tanzania’s power grid with 705 MW – Dailynewsegypt
Egypt’s Elsewedy Electric, in partnership with The Arab Contractors, has connected three additional hydro turbine generators to Tanzania’s national power grid, bringing the total power supply from the Julius Nyerere Hydroelectric Power Project (JNHPP) to 705 megawatts. The achievement, announced