Egypt’s economic stability, private investment attraction on track: Finance Minister – Dailynewsegypt
Ahmed Kouchouk, the Minister of Finance, affirmed that Egypt’s economic situation has stabilized and that the government is actively working to attract private investments. He highlighted that the country achieved positive financial indicators in the budget for the fiscal year
Egypt’s economy shows signs of recovery despite challenges: IMF – Dailynewsegypt
Egypt’s economy is showing signs of recovery following a difficult period marked by weak economic activity and foreign exchange shortages, according to a recent report by the International Monetary Fund (IMF). While growth slowed to an average of 2.5 percent
Egyptian chemical exports surge to $4bn in H1 2024 – Dailynewsegypt
Egypt’s chemical exports reached $4bn in the first half of 2024, solidifying its position as the second-largest contributor to the country’s total non-oil exports, according to the Chemical and Fertilisers Export Council (CEC). Khaled Abu Al-Makarem, chairperson of the CEC,
Egypt’s Planning Minister discusses structural reforms with EU ambassador – Dailynewsegypt
Egypt’s Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat met with European Union Ambassador to Egypt Christian Berger to discuss ongoing structural reforms and cooperation within the framework of the Macro-Financial Assistance (MFA). The meeting, the first since
MSMEDA, Entlaq join forces to boost Egypt’s entrepreneurship ecosystem – Dailynewsegypt
In an effort to enhance the investment and legislative environment for entrepreneurs in Egypt, Basil Rahmi, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), has witnessed the signing of a significant Memorandum of Understanding (MoU) between the
Egypt, UAE discuss petroleum cooperation
Minister of Petroleum and Mineral Resources Karim Badawi received Sheikh Mohammed Saeed Al-Dhanhani, Head of the Government of Fujairah in the United Arab Emirates, and his accompanying delegation at the ministry’s headquarters in New Alamein. During the meeting, they discussed
T-Vencubator launches investment programme aiming to fund 5 Egyptian startups by 2025
T-Vencubator, a prominent Egyptian venture capital (VC) firm and incubator, has launched its inaugural investment program, “Where’s the Problem?”. This initiative marks a significant development in the country’s startup ecosystem by aiming to bridge the funding gap and offer crucial
COMESA region annual inflation slows to 23.2% in June
Inflation in the Common Market for Eastern and Southern Africa (COMESA) eased slightly in June but remained at a lofty 23.2%, regional data showed Tuesday. The year-on-year, inflation rate, measured by the Harmonized Consumer Price Index (HCPI-COMESA) registered 23.7% in
Kouchouk says Egypt prioritises private sector role in economy – Dailynewsegypt
Egypt’s Minister of Finance Ahmed Kouchouk, emphasised that increasing the role and contribution of both domestic and foreign private sectors in the Egyptian economy is a top priority for the new government. Egypt’s Finance Minister Ahmed Kouchouk has pledged to
Opinion| Impact of negative interest rates on economy, citizens – Dailynewsegypt
Negative interest rates pose a significant challenge for central banks, necessitating effective strategies and policies to mitigate their adverse effects on the economy. Negative interest rates represent an unconventional economic condition where nominal interest rates fall below zero. Instead of