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
5.24% increase in manufacturing, extractive industry index for October 2024
The Central Agency for Public Mobilization and Statistics (CAPMAS) has reported a 5.24% increase in the Manufacturing and Extractive Industries Production Index for October 2024. The index, which excludes crude oil and petroleum products, reached 112.32 in October, up from
Housing Ministry considers launching new lands for mixed-use, tourism projects in New Alamein
Prime Minister Mostafa Madbouly convened a meeting with Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities, to review the latest developments across several national projects. During the meeting, El-Sherbiny presented several proposed land plots along Egypt’s North West Coast
CBE increases transaction limits for financial inclusion accounts
The Central Bank of Egypt (CBE) has announced an increase in the maximum transaction limits for financial inclusion accounts, which apply to withdrawals, outgoing transfers, debit operations, and purchases. Under the new regulations, the daily transaction limit for individual accounts