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Egypt News
Egyptian pound up, USD rates slip
Egypt's pound currency's foreign exchange rate against USD experienced a slight increase at the start of trading on…
Egypt’s PM: S&P upward revision reflects confidence in economic reform agenda
Egypt’s Prime Minister Moustafa Madbouly highlighted on Tuesday Standard & Poor's upgraded Egypt's future…
Egypt earmarks EGP 596b for subsidies in 2024-25 budget
Egypt plans to earmark around 596 billion Egyptian pounds ($12.6 billion) for subsidies in its 2024/2025 state…
Egypt targets primary surplus of 3.5% in FY2024/25
Egypt aims for an initial surplus of 3.5 per cent in the general budget for fiscal year 2024/2025, with a target to…
$9.5b backlog of imported goods released since Jan.: Egyptian minister
Egypt has released a backlog of imported goods worth $14.5 billion stuck at ports since the beginning of this year,…
Egypt expects over $20b FX inflows post IMF deal – FinMin
Egypt’s Minister of Finance Mohamed Maait said on Tuesday that the anticipated foreign cash inflows are estimated…
Egypt’s major FX firms collect EGP 3.5b since flotation
Egypt’s Al Ahly and Misr exchange firms have collected 3.544 billion Egyptian pounds in Arab and foreign currencies…
Egypt’s agro-exports exceed $9b – minister
Egypt’s Minister of Agriculture and Land Reclamation, El Sayyed El Quseir, announced significant growth in the…
Telecom Egypt, EXA sign pact to boost data traffic – Cabinet statement
Telecom Egypt and EXA Infrastructure signed an agreement to consolidate international data traffic vi "WeConnect",…
Britain’s National Grid unveils £58b energy system upgrade plan
UK’s Electricity System Operator (ESO) has proposed a £58 billion investment program to enhance grid networks…