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IMF sees ‘very painful’ outlook for global economy next year
The International Monetary Fund (IMF) said on Tuesday that the global economy is sliding into recession next year…
IMF projects Egypt’s economy will grow 4.4% in 2023
The International Monetary Fund (IMF) has revised its growth forecast for Egypt’s economy to 4.4 percent for 2023…
Mitsubishi offers to develop 32 trains for Cairo Metro Line 1
Mitsubishi Heavy Industries, Ltd. (MHI) has submitted a €200 million ($194 million) technical and financial offer…
EU delegation appoints 5 Egyptian water goodwill ambassadors
The European Union Delegation has appointed on Tuesday five Egyptian water goodwill ambassadors to raise awareness…
QNB Al-Ahli 9-month net profit 22% up
Qatar National Bank Al-Ahli (QNB Al-Ahli) has achieved net profits of 7.3 billion Egyptian pounds ($371.3 million)…
Russia considers canceling its grain export quota
Russia is considering cancelling its grain export quota that usually sets in the second half of the marketing…
World fashion house Stefano Ricci celebrates golden jubilee in Luxor
The Italian fashion brand Stefano Ricci held a world fashion show to celebrate its 50th anniversary at Temple of…
Egypt is the fastest fixed internet in Africa
Egypt has been named on Monday a winner at Ookla’s Speedtest Awards for the fastest fixed internet speed in Africa…
Sisi approves deal to implement Egypt-Sudan rail project
President Abdel Fattah al-Sisi has approved $2.4 million agreement between with the Kuwait Fund for Economic…
Egypt’s inflation rate increases by 1.6 percent in September – CAPMAS
Egypt’s general consumer price inflation (CPI) has reached 133.8 points in September to record an increase of 1.6…