The Central Bank of Egypt (CBE) announced Monday that it has allowed banks to open financial inclusion accounts in foreign currencies, besides the Egyptian pound.
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Egypt will adopt a medium-term budgetary framework for the first time in 2025 to set a three-year strategy plan, according to a statement made by Minister of Finance Ahmed Kouchouk.
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Chairman of the Suez Canal Authority (SCA) Osama Rabie stated Sunday that over 6,600 ships have opted for South Africa’s Cape of Good Hope – bypassing the Suez Canal route – since 19 November 2023 due to the ongoing Red Sea tensions.
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Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat and Head of the European Union (EU) Delegation Christin Berger signed on Sunday the European Green Facility initiative to finance green transformation in Egypt valued at €7 Million.
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The European Investment Bank (EIB) perceives Egypt as a market with great potential, mainly in the renewables, transportation, and small and medium-sized enterprises (SMEs) sectors, according to the head of EIB's regional office in Cairo.
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The IMF approved reforms on Friday that will lower members' borrowing costs by 36 percent and lift eight indebted countries out of the requirement to pay more to borrow money.
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Egypt and Romania signed five cooperation documents and one joint committee protocol on Thursday during the fourth session of the Egyptian-Romanian Joint Committee for Economic, Scientific, and Technical Cooperation in Bucharest, the Ministry of Planning, Economic Development, and International Cooperation said.
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Dalia Elbaz has been appointed as a chairman of the National Postal Authority (Egypt Post), following a decision by the Minister of Communications and Information Technology Amr Talaat, as stated in a ministry release on Wednesday.
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Minister of Finance Ahmed Kouchouk unveiled the details of the first package of tax incentives and facilities on Wednesday, promising it will be fully implemented within the current fiscal year.
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Egypt's annual core inflation rate decreased by 0.1 percent in September to 25 percent, down from 25.1 percent in August, according to data published by the Central Bank of Egypt (CBE) on Wednesday.
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Egypt’s Minister of Investment and Foreign Trade Hassan Elkhatib and his Malaysian counterpart are currently engaged in designing a free trade agreement (FTA) between the two countries, where palm oil will be a key pillar of this imminent action, the Malaysian Minister of Plantation and Commodities Datuk Seri Johari Abdul Ghani told Ahram Online.
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Egypt’s annual headline inflation slightly increased in September to 26 percent, up from 25.6 percent in August, while the monthly headline inflation jumped to 2.3 percent, up from 1.9 percent in August, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Wednesday.
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Walid Gamal El-Din, chairman of Egypt’s Suez Canal Economic Zone (SCZone), witnessed the signing of the first phase of the PYRAMIDS ALU project aimed at producing solar mounting systems at Ain Sokhna industrial zone with an investment worth of $1.8 million, according to a statement by the SCZone.
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Oil prices fell and global stock markets diverged on Tuesday, with Hong Kong suffering its worst day in 16 years as China held off announcing fresh measures to boost its economy.
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The House of Representatives approved increasing the assistance grant agreement between Egypt and the United States of America (US) regarding the climate change initiative by $5.5 million to reach $20.5 million, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat announced on Tuesday.
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The second edition of the AfCFTA Business Forum, branded Biashara Afrika 2024 (#BA2024), will kick off on Wednesday at the Kigali Convention and Exhibition Village (from 9 to 11 October), under the patronage of the President of the Republic of Rwanda Paul Kagame.
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The Norwegian Scatec and the German PtX signed a 30 million euro grant for Egypt's green hydrogen project, the Ministry of Planning, Economic Development, and International Cooperation announced on Tuesday.
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The Ministry of Planning, Economic Development, and International Cooperation announced that investments directed towards Sinai and the Suez Canal cities (North Sinai, South Sinai, Suez, Ismailia, and Port Said) reached EGP 530.5 billion over the past 10 years (FY2014/2015 to FY2024/2025).
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World oil prices rallied more than two percent Monday as tensions escalated in the crude-rich Middle East one year after the Al-Aqsa Flood Operation on Israel.
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Although Turkish inflation slowed in September, it is still raging out of control with the government avoiding difficult decisions that could help tackle it, experts told AFP.
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