Egypt’s external debt surges 307% as GNI climbs 69%: World Bank
Egypt’s external debt skyrocketed by 307%, while its Gross National Income (GNI) rose by 69%, according to the World Bank’s International Debt Report 2023. Among Low- and Middle-Income Countries (LMICs), Egypt recorded a $17.4bn short-term debt inflow in 2022, representing
Al-Sisi receives high-level delegation from DR Congo
Egyptian President Abdel Fattah Al-Sisi met on Monday with Kombo Mondongo Bula, special advisor to the President of the Congo, and Jacques Tshisekedi, internal security advisor to the President of the Democratic Republic of the Congo (DRC). The meeting also
Vidscola achieves Atlassian’s agile at scale specialization, a 1st for Middle East
Vidscola has become the first Atlassian partner in the Middle East to achieve the Agile at Scale specialization, the company announced. This follows Vidscola’s recognition as the Atlassian Partner of the Year 2023: Rising Star Award. The achievement underscores Vidscola’s
BP CEO meets with Egyptian President, Prime Minister, pledges continued investment
Egyptian President Abdel Fattah Al-Sisi and Prime Minister Mostafa Madbouly met separately Monday with Murray Auchincloss, chief executive officer of British Petroleum (BP), to discuss ongoing and future energy investments in Egypt. The meetings, attended by Minister of Petroleum and
GF Piping Systems opens MDPE pipe manufacturing plant in Cairo
GF Piping Systems, a division of Georg Fischer AG and a leading global provider of piping solutions, has officially opened a new manufacturing facility in Cairo, Egypt. The plant, developed through a joint venture known as EGFCO, is a collaboration
Egypt’s Abdelatty meets with Italian, Congolese counterparts in Rome
Egypt’s Minister of Foreign Affairs and Immigration, Dr Badr Abdelatty, held separate meetings in Rome on Tuesday, November 26, with his Italian and Congolese counterparts. The meetings took place during a visit to Italy, where Abdelatty attended the G7 Foreign
International Workplace Group expands in Cairo amid rising demand for hybrid working
International Workplace Group (IWG), the world’s largest provider of hybrid working solutions, has announced the opening of a new flexible workspace in Cairo. This new location, marking IWG’s 17th in Egypt, comes at a time when demand for hybrid working
Al-Sisi discusses regional updates, economic situation with WEF chief
Egyptian President Abdel Fattah Al-Sisi met with Borge Brende, President of the World Economic Forum (WEF), and his accompanying delegation on Saturday to discuss regional developments and economic issues. The meeting was attended by Prime Minister Mostafa Madbouly, Minister of
Madbouly opens Cairo ICT’24, showcasing Egypt’s digital progress
Egypt’s Prime Minister Mostafa Madbouly opened Cairo ICT’24, the 28th edition of the Egypt International ICT Exhibition and Conference for the Middle East and Africa, on behalf of President Abdel Fattah Al-Sisi. The event, themed “The Next Wave,” is being
Egypt, OECD discuss progress on country programme, potential membership
Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met with Ulrik Vestergaard Knudsen, Deputy Secretary-General of the Organisation for Economic Co-operation and Development (OECD), during his first visit to Egypt. The meeting focused on the close partnership