Egypt’s foreign trade surpasses $104.7bn in FY 2023/24: CBE
Egypt’s foreign trade reached approximately $104.7bn in the fiscal year 2023/2024, as reported by the Central Bank of Egypt (CBE). This total comprises $72.1bn in imports and $32.6bn in exports, marking a significant volume of trade with global partners. According
Egypt, Germany sign agreement for 2nd phase of Jobs, Migration Centre
Egyptian Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat witnessed the signing of an agreement to implement the second phase of the Egyptian-German Centre for Jobs, Migration, and Reintegration (EGC) project. The agreement was signed by Ambassador Nabil
Al-Sisi reviews baccalaureate system, educational developments with key officials
Egyptian President Abdel Fattah Al-Sisi convened a meeting on Monday with Prime Minister Mostafa Madbouly, Minister of Higher Education and Scientific Research Ayman Ashour, and Minister of Education and Technical Education Mohamed Abdel Latif to review developments within the education
Madbouly reviews progress of Egypt’s Universal Health Insurance
Egyptian Prime Minister Mostafa Madbouly chaired a meeting on Monday to review the progress of the first phase of the Universal Health Insurance System and the preparations for launching its second phase. The meeting included key officials such as Khaled
Egypt to finalize FDI, industrial development strategies in Q1, projects 4% economic growth
Minister of Planning and Economic Development, Rania Al-Mashat, announced that Egypt is on track to finalize its foreign direct investment and industrial development strategies in the first quarter (Q1) of this year. She also forecasted a 4% growth for the
Hisham Talaat Moustafa acquired 500,000 shares in TMG
Talaat Moustafa Holding Group (TMG) has announced that its CEO and Managing Director, Hisham Talaat Moustafa, purchased 500,000 of the company’s shares during trading on Sunday. The company affirms its commitment to all relevant listing and disclosure regulations. This announcement
90% of Egypt’s Great Transfiguration in Saint Catherine completed
Prime Minister Mostafa Madbouly chaired a meeting on Sunday to review the progress of the Great Transfiguration project in Saint Catherine, South Sinai, with the participation of several ministries and relevant authorities. The Prime Minister opened the meeting by highlighting
Investment Minister reviews progress on Chinese linen factory project in Egypt
Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, held a comprehensive meeting with executives from Kingdom Holding, one of China’s leading linen manufacturers. The meeting, attended by Ren Weiming, Chairperson of Kingdom Holding, focused on the company’s plans to
Smuggling threatens EGP 4.5bn investments in Egypt’s mobile market: Importers Division
Matti Beshay, Head of the Trade Committee at the Importers Division of the Federation of Egyptian Chambers of Commerce (FEDCOC), has issued a stark warning about the dangers posed by smuggling in Egypt’s mobile industry. He highlighted that smuggling threatens
Egypt’s gold reserves rise by $2.2bn in 2024
The Central Bank of Egypt (CBE) has reported a $2.2bn increase in the value of gold included in the country’s foreign exchange reserves in 2024, bringing the total to $10.644bn by December 2024, compared to $8.440bn in December 2023. After