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Business
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Economy
1/31/2024 1:34:34 PM
Japanese car parts supplier Yazaki has announced commencing the construction of its manufacturing facility in Egypt, with an investment of 30 million euros ($32.49 million), according to a cabinet statement on Wednesday.
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Business
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Economy
1/30/2024 6:40:05 PM
The UK-based multinational Standard Chartered Bank has officially commenced its banking operations in Egypt, following the receipt of final approval from the Central Bank of Egypt (CBE), according to a statement by the bank on Tuesday.
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Business
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Economy
1/28/2024 1:39:31 PM
Egypt is poised to issue bonds denominated in the local currency (Hong Kong dollar) on the Hong Kong Stock Exchange, Minister of Finance Mohamed Maait said on Saturday.
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Business
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Economy
1/25/2024 7:21:58 PM
Egypt dominated the European Bank for Reconstruction and Development’s (EBRD) investments in the Southern and Eastern Mediterranean last year as the lender committed €1.29 billion to 16 projects.
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Business
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Economy
1/24/2024 3:58:52 PM
Crude oil prices are expected to fluctuate in 2024 as geopolitical tensions and supply factors pull the market in different directions, according to Kamco Invest’s Oil Market Monthly Report released on Wednesday.
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Business
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Economy
1/23/2024 8:08:04 PM
Egypt's Suez Canal Economic Zone (SCZone) signed five framework agreements to launch projects worth approximately $250 million in total, according to a Cabinet statement on Tuesday.
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Business
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Economy
1/23/2024 2:28:38 PM
The Egyptian government has introduced simplified tax regulations for establishments with an annual turnover not exceeding EGP 10 million, Rasha Abdel-Aal, acting head of the Egyptian Tax Authority (ETA), said on Tuesday.
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Egypt
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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.
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Business
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Economy
1/21/2024 4:28:10 PM
The National Bank of Egypt (NBE), Egypt's largest state-owned bank, has amassed around EGP 2.1 billion through the execution of five exit deals across various economic sectors in 2023, Ahmed El-Said, Chief Investment Officer and Investment Trustee of NBE, said on Sunday.
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Business
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Markets & Companies
1/21/2024 2:48:03 PM
Dubai-based global fintech company CoorB announced the launch of its operations in Egypt, Saudi Arabia, and the UAE, according to a statement on Sunday.
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War on Gaza
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War on Gaza
1/19/2024 8:05:52 PM
Thousands of Palestinian men may have been detained by Israeli forces, since the beginning of Israel's Gaza war on 7 October, often facing conditions that could amount to torture, the UN's human rights representative in the Palestinian territories said Friday.
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War on Gaza
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War on Gaza
1/19/2024 2:25:43 PM
Mexico and Chile on Thursday joined calls for an investigation by the International Criminal Court (ICC) into Israel's Gaza war that has left thousands of people dead.
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Business
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Economy
1/18/2024 9:39:06 PM
To fortify its economy over the next presidential term, Egypt has rolled out an extensive eight-directional economic strategy spanning 2024-2030.
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World
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War in Sudan
1/18/2024 3:55:26 PM
Sudan's warring parties must stop the fighting, a UN fact-finding mission said Thursday as it started its work investigating alleged human rights abuses in the deadly conflict.
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War on Gaza
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War on Gaza
1/17/2024 2:08:07 PM
In a notable test Tuesday, Sen. Bernie Sanders forced colleagues to decide whether to investigate human rights abuses in the Israeli war on the Gaza Strip, a step toward potentially limiting US military aid to Israel as its devastating attacks on Gaza grind past 100 days.
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Business
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Markets & Companies
1/17/2024 2:07:36 PM
Egyptian fintech company AMAN Holding signed a partnership agreement with Dahab Masr, a digital precious metals investment firm, to enable customers to purchase gold in installments through the AMAN app, read a statement on Wednesday.
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Al-Ahram Weekly
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Economy
1/16/2024 9:20:21 PM
The government’s newly released six-year economic strategy includes ambitious targets for foreign investment, exports, and the exchange rate of the Egyptian pound, reports Gamal Essam El-Din
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Business
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Economy
1/16/2024 6:02:38 PM
Egypt's state-owned oil companies are poised to invest over EGP 23 billion in the upcoming fiscal year (FY) 2024/2025, commencing in July, Minister of Petroleum and Mineral Resources Tarek El-Molla said on Tuesday.
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Business
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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.
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Business
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Economy
1/16/2024 12:40:38 PM
The Egyptian government is prioritizing the stimulation of investment, production, and exports in order to boost economic growth in the future, said Rasha Abdel-Aal, acting head of the Egyptian Tax Authority (ETA).
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