The Finance Minister addressed on Tuesday a general session at the parliament to discuss the final account of the state budget for fiscal year 2016/17.
Egypt’s Emirates NBD Purchasing Managers’ Index (PMI) edged up from 49.2 in March to 50.1 in April, leaving it just above the 50-mark.
The second phase of Egypt’s giant Zohr gas field will be completed before year-end and will add around two billion cubic feet per day to production.
President Abdel-Fatah al-Sisi said that he was “delighted” with the implementation of a social protection system that covers the poor and the needy.
Egypt’s exports of dates increased 70% in the first quarter, reaching 30,000 tons at a value of $29.4 million, Trade Minister Tarek Kabil said on Tuesday.
The Chemicals and Fertilizers Export Council’s (CEC) first trade mission to West Africa’s Ghana kicked off on Wednesday with the participation of 13 companies.
A Brazilian trade delegation will arrive in Cairo next week to discuss ways of boosting commercial relations between Egypt and Brazil.
PM Ismail said the program does not aim to lay off workers but seeks to support the companies' capabilities to grow.
Egypt is studying the establishment of a logistics center in Ghana or Côte d'Ivoire to boost Egyptian exports to West Africa, Trade Minister Tarek Kabil said.
The CBE has started auctions on the Variable Rate Deposits following the flotation of the Egyptian pound in November 2016 in a bid to curb inflation.
Some 190 projects were executed under the Mashrouak initiative in Cairo governorate, with a cost of LE 14 million, Governor of Cairo said Sunday.
The Central Bank of Egypt is expected to cut interest rates in today’s Monetary Policy Committee (MPC) meeting.
A recent study by UNCTAD reviews the benefits and challenges of the Continental Free Trade Area, the pan-African trade liberalization agreement.
Assuming the election passes smoothly, Egypt should enjoy an upturn in growth over the next 2-3 years, a report by Capital Economic said.
The agreement would consolidate a market of 1.2 billion people and a gross domestic product of $2.5 trillion.
Egypt’s exports to the European Union (EU) increased 24 percent year-on-year in the first 11 months of 2017, reaching €7.5 billion.
The Egyptian Mineral Resource Authority (EMRA) has received around $14.4 million in revenues from the Sukari gold mine in January 2018.
The UAE was the biggest country importing from Egypt in 2017, with Egyptian exports to the Gulf country standing at $2.5 billion.
Works are currently underway to finish 1,229 projects, with a cost of LE 1.5 trillion, presidential aide for national projects Ibrahim Mahlab said.
The Finance Ministry will finish automating the budget and establishing the Treasury Single Account (TSA) banking system at the CBE this month.
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