Kuwait is negotiating to transform the $ 4 billion in deposits it holds at Central Bank of Egypt (CBE) into direct investments across several sectors, according to sources familiar with the matter who ...

Egypt ranked second among African nations in terms of GDP in 2025, according to a recent report from the International Monetary Fund (IMF) has revealed the top ten African countries by Gross Domestic ...

Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met with President of the International Finance Corporation (IFC), Makhtar Diop to discuss the developments ...

The African Export-Import Bank (Afreximbank) has unveiled plans to allocate $2 billion in financing to Egypt next year, reinforcing the North African nation’s ambitions to position itself as a ...

Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, announced that public investments allocated to Egypt’s Information and Communications Technology (ICT) ...

Egypt has signed an advisory services agreement between the Egyptian government and the International Finance Corporation (IFC), the private sector arm of the World Bank, aimed at expanding private ...

Trade relations between Egypt and France continued to strengthen in 2024, with the total volume of trade reaching $2.9 billion, up from $2.5 billion in 2023, according to data from the Central Agency ...

A recent report by Jefferies Investment Bank, a leading firm in shipping statistics, reported that based on Automatic Identification System (AIS) tracking, approximately 200 commercial shipping ...

Egypt’s Holding Company for Maritime and Land Transport signed a Memorandum of understanding) MoU(with Elsewedy Electric to establish a $500 million subsea cable factory in the newly designated ...

The Central Bank of Egypt (CBE) announced a significant surge in remittances from Egyptians working abroad, which reached $20 billion during the first seven months of FY2024/2025, compared to ...

Al-Organi Group and El-Garhy Group have announced the signing of a Memorandum of Understanding (MoU) between ODI, a subsidiary of Al-Organi Group, and Al-Wahda for Industrial Development, a subsidiary ...

Suez Canal revenues saw a sharp decline of 61% in 2024, falling to $3.9 billion compared to $10.2 billion in 2023, according to Osama Rabie, Chairman of the Suez Canal Authority (SCA). The ...