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Business - Economy
2/5/2024 6:58:33 PM
The Central Bank of Egypt (CBE) announced Monday an increase in the reserves of foreign currencies by about 30 million dollars.

Business - Economy
2/5/2024 3:17:27 PM
The OECD raised its 2024 world economic growth forecast Monday but warned that the Middle East conflict posed a risk, with disruptions in Red Sea shipping threatening to increase consumer prices.

Egypt - Foreign Affairs
2/1/2024 6:41:18 PM
Egypt's Foreign Minister Sameh Shoukry stressed on Thursday that international parties must ensure swift and full implementation of the UN Security Council Resolution No. 2720, which includes a mechanism for increased aid to Gaza and the opening of all Gaza border crossings to humanitarian aid.

Egypt - Urban & Transport
1/31/2024 9:49:32 PM
The Chairman of the Suez Canal Authority (SCA), Osama Rabie, discussed with the US Ambassador to Cairo, Herro Mustafa Garg, the latest developments in the Southern Sector Development Project of the Suez Canal, which will increase navigation safety in the canal by 28 percent.

Business - Economy
1/31/2024 6:55:56 PM
Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), told Ahram Online that Egypt's GDP growth rate could increase by 5-6 percent if the government allows the private sector to play a leading role in Egypt's economy and reconsiders the role of the public sector.

Business - Economy
1/30/2024 11:17:44 AM
Saudi Arabia's oil giant Saudi Aramco said Tuesday it will not try to increase its maximum daily oil production to 13 million barrels a day after receiving an order from the country's Energy Ministry.

Business - Economy
1/29/2024 9:56:49 PM
Egypt’s food exports increased by 14 percent (about $602 million), reaching all-time high of $5.1 billion in 2023, up from $4.5 billion in a year prior, according to data released by the Food Expert Council (FEC) on Monday.

Egypt - Foreign Affairs
1/29/2024 7:05:50 PM
Minister of Labour Hassan Shehata announced on Monday the start of a professional certification programme tht aims to increase the number of skilled Egyptian workers working in Saudi Arabia.

Business - Economy
1/25/2024 6:11:16 PM
Gold prices in Egypt have spiked due to increased demand, read a statement on Thursday by the Gold, Jewellery, and Precious Metals Division of the Chamber of Mineral Industries of the Federation of Egyptian Industries.

Business - Markets & Companies
1/23/2024 4:09:51 PM
The Egyptian Exchange's (EGX) main index dropped by 1.65 percent on Tuesday, with the market cap losing EGP 17 billion, while gold prices increased.

Egypt - Foreign Affairs
1/23/2024 11:58:36 AM
Egypt’s Foreign Minister Sameh Shoukry urged European countries to increase their investments in Egypt, leveraging the comprehensive modernization underway in the country.

Business - Economy
1/22/2024 6:05:09 PM
Global credit rating agency Moody's has expected the International Monetary Fund (IMF) to increase its existing $3 billion loan programme for Egypt to $10 billion, according to a recent report by the agency.

Egypt - Foreign Affairs
1/20/2024 12:55:20 PM
Sameh Shoukry, Egypt's foreign minister, warned on Friday against actions that undermine stability in the Horn of Africa and increase tensions between the African countries, calling for concerted efforts to contain regional crises instead of perpetuating a policy that irresponsibly fuels conflicts.

Business - Markets & Companies
1/18/2024 8:18:37 PM
Centamin, the operator of Egypt’s largest gold mine, Sokari, increased its annual revenues from the mine to 13 percent during the full year 2023, recording $891.26 million, according to a statement on Thursday.

Al-Ahram Weekly - World
1/16/2024 8:45:13 PM
Last week’s US-UK missile attacks against the Houthis in Yemen have increased tensions in the Red Sea region and set the stage for further escalation, writes Mohamed Mansour

Business - Economy
1/16/2024 6:12:00 PM
Egypt's geopolitical significance demonstrated through its role as a mediator in containing Israel's conflict in Gaza is expected to draw increased foreign financial support, potentially exceeding $5 billion, according to Ramona Moubarak, the head of MENA Country Risk at Fitch Solutions.

Business - Economy
1/16/2024 2:57:30 PM
Foreign companies can now retain their capital increase deposit in foreign currency, rather than having it converted to Egyptian pound by the bank, allowing them to utilize it later for the procurement of production inputs.

Sports - Omni sports
1/15/2024 10:48:12 AM
With increased confidence in her serve thanks to some advice from Andy Roddick, Coco Gauff began her quest for back-to-back Grand Slam singles titles with a 6-3, 6-0 victory over Anna Karolina Schmiedlova at the Australian Open on Monday.

Business - Economy
1/14/2024 1:54:04 PM
The Egyptian government is expected to increase the minimum wage for government employees and pensions – currently stand at EGP 4,000 and EGP 1,300, respectively – within two months, Samir Sabry, Rapporteur of the Investment Committee at the National Dialogue, said on Saturday.

Business - Economy
1/13/2024 7:28:38 PM
The Egyptian government is preparing to introduce a social protection package that encompasses various improvements, including wage and pension adjustments and an increase in the tax exemption threshold, said Minister of Finance Mohamed Maait, according to a Cabinet statement on Saturday.

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