Egypt’s Atomic Energy Authority succeeded recently in expanding the peaceful uses of atomic energy in different fields, which sends a clear message to the world on the country’s keenness to …
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Egypt in final stage of talks with IMF on new funding, says PM
The Egyptian government is in the final stage of talks with the International Monetary Fund (IMF) on a new funding, Prime Minister Mostafa Madbouli said during the Logos Coptic Youth …
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Egypt launches ClimaTech RUN 2022 initiative
Ministries of International Cooperation, Environment and Communications held an event Monday to launch the global initiative“ClimaTech Run 2022”. The ClimaTech Run 2022 aims to attract and motivate technology startups working …
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Emirati Investments in Egypt jump to $1.9B in H1 2021/22
Emirati investments in Egypt increased 169.1 percent during the first half of the 2021-2022 fiscal year, to $1.9 billion, compared to $712.6 million during the same period of the fiscal …
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Egypt’s environment minister opens new water treatment plant at Rameda
Egyptian Minister of Environment Yasmine Fouad inaugurated a new high-efficiency water treatment plant at the Tenth of Ramadan for Pharmaceuticals Industries and Diagnostic Reagents (Rameda) (RMDA), according to a press release on Monday. …
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IMF urges Egypt to cancel low-interest loans initiatives
The International Monetary Fund( IMF) has called on the Central Bank of Egypt to cancel all low-interest initiatives, such as loans to small and medium enterprises, the tourism sector, and …
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Cairo Oils incurs EGP 45.8M loss in H1
Cairo Oils and Soap (COSG) suffered a net loss after tax of EGP 45.79 million in the first half (H1) of 2022, versus a loss of EGP 34.75 million in H1 2021, according to …
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Egypt’s central bank holds interest rates steady after a change of governor
The Monetary Policy Committee (MPC) decided, Thursday to keep the Central Bank of Egypt’s (CBE) interest rates unchanged for the second time in a row during the first meeting led …
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MDCsczone, DP World to build $80M logistics in Egypt
Main Development Company for Suez Canal Economic Zone (MDCsczone) has signed a contract with DP World, an Emirati multinational logistics company for the establishment of a new logistics zone with …
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Sisi appoints Hassan Abdullah as acting governor of Egypt’s central bank
President Abdel Fatah El-Sisi issued Thursday a republican decree appointing Hassan Abdullah former Vice Chairman & Managing Director of the Arab African International Bank, as acting governor of the Central …