Egypt targets to raise $6B through selling stakes in state-owned companies before mid-2023

Sun, 25 Sep 2022 - 08:20 GMT

El-Said added that the program may include offering shares to the public, or selling shares to strategic investors, with the support of the country's sovereign fund.

Exports of chemicals sector up to $ 5.714B in 8 months

Sun, 25 Sep 2022 - 04:44 GMT

Exports of fertilizer products registered $ 2 billion in the eight months, marking a rise of 53 percent in comparison with the same period last year.

Finance min.: Eased customs clearance, tax return to participants in climate summit

Sun, 25 Sep 2022 - 04:41 GMT

The committee should group senior officials of the customs and tax authorities, the Finance Ministry said in a statement Sunday.

Hayah Karima launches "Back to Learning" initiative to support 40K students nationwide

Sun, 25 Sep 2022 - 12:23 GMT

During a meeting with representatives of the General Secretariat at the Ministry of Education and Technical Education, a delegation from the foundation discussed the steps to be taken to implement the initiative.

Egypt sends aid supplies to Somali brethren

Sun, 25 Sep 2022 - 12:18 GMT

Two military jets took off loaded with aid supplies for Somalia to contribute to easing the burdens of the Somali brethren.

Egypt offers condolences for death of illegal migrants in Mediterranean

Sun, 25 Sep 2022 - 12:11 GMT

Egypt expresses its regret to the families of the victims, and wishes the injured a speedy recovery, the statement added.

Investments in Egypt's renewable energy approach $3.5 bln to produce 3570 megawatts

Sat, 24 Sep 2022 - 07:16 GMT

Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, affirmed that Egypt seeks to be a corridor for the transit of clean energy that the African continent enjoys.

Highlights: Why Haya Karima is the 'largest development initiative' in Egypt's history

Sat, 24 Sep 2022 - 07:02 GMT

Haya Karima has been regarded, internationally, as one of the largest development experiences and initiatives in the history of Egypt, by developing 4,584 villages in 20 governorates over the course of three years.

Egypt's Health Ministry: Flu vaccine protects elderly from 4 types of influenze viruses in winter

Sat, 24 Sep 2022 - 06:54 GMT

The Egyptian Ministry of Health and Population confirmed that the influenza vaccine is important for the elderly and protects them from 4 types of influenza viruses throughout the winter period.

Vitoria's era starts against Niger

Fri, 23 Sep 2022 - 12:15 GMT

Rui Vitoria, Egypt national team manager, will lead the team for the first time on Friday as Egypt hosts Niger in a friendly game at Alexandria stadium.

FM affirms Egypt’s support for Lebanon

Fri, 23 Sep 2022 - 10:41 GMT

Egyptian Foreign Minister highlighted the importance of completing the constitutional obligations to achieve stability in Lebanon, Abu Zeid added.

Egypt’s FM, American Jewish organizations discuss ways to resume peace process

Fri, 23 Sep 2022 - 10:30 GMT

The Egyptian Foreign Minister stressed the need to resolve the current stalemate in the peace process between the Palestinians and Israelis by resuming negotiations as soon as possible with the aim of achieving a two-state solution, Abu Zeid said.

Emigration Ministry prioritizes contacting communities in Africa

Fri, 23 Sep 2022 - 10:02 GMT

The emigration ministry pointed out in a statement on Friday that the minister’s remarks came at her meeting with Egypt’s newly-appointed ambassador to Kenya Wael Attia.

Experts in UNHRC call for protecting human rights from AI challenges

Fri, 23 Sep 2022 - 10:00 GMT

A number of international experts in artificial intelligence (AI) and human rights, along with international organizations and individuals, called for a unified effort through an international action and legal framework to protect human rights privacy when it comes to adopting AI technologies.

Reasons behind Egypt's central bank keeping interest rate unchanged

Thu, 22 Sep 2022 - 07:54 GMT

Al Ahly Pharos Securities Brokerage stated that the inflation as a sole factor did not urge the CBE to raise the interest rates.

President Sisi meets WIPO Director General Daren Tang

Thu, 22 Sep 2022 - 06:28 GMT

President Abdel-Fattah El-Sisi received, Thursday, Director General of the World Intellectual Property Organization (WIPO) Daren Tang, according to Presidency spokesperson Bassam Rady.

President Sisi calls on Parliament to convene on Oct. 1

Thu, 22 Sep 2022 - 06:14 GMT

President Abdel Fattah El Sisi on Thursday issued republican decree No.440 for 2022 calling on the House of Representatives to convene its third regular session of the second legislative term at 12 noon, local time, on the 1st of October.

Egypt's central bank keeps interest rates on hold, raises reserve ratio to 18%

Thu, 22 Sep 2022 - 06:06 GMT

The overnight deposit rate, overnight lending rate, and the rate of the main operation were kept on hold at 11.25 percent, 12.25 percent, and 11.75 percent, respectively. The discount rate was also kept unchanged at 11.75 percent.

World Health Organization lauds Egypt’s ‘100 Million Seha’ initiative

Thu, 22 Sep 2022 - 06:06 GMT

Egypt succeeded to be the first country in the world free of the Hepatitis C virus.

Agreement with IMF may take a month or two: Finance Minister

Thu, 22 Sep 2022 - 05:27 GMT

Maait added that the government is also exploring financing options that include affordable loans from China and Japan.