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Egypt assigns EGP 185b for social welfare in FY23/24 budget
The Egyptian government has significantly increased spending on social welfare programmes in its fiscal year…
EGP vs. USD on Sunday – CBE
The Central Bank of Egypt (CBE) reported the average exchange rates for the US dollar (USD) against the Egyptian…
Egypt increases food subsidies by 9.4% in FY 23/24 budget
Food subsidies received a 9.4 per cent funding boost in Egypt's 2023/2024 budget, reaching 133.3 billion Egyptian…
Egypt 5-yr CDS falls to 6.6% as investor confidence grows
The cost of insuring Egyptian government bonds using Credit Default Swaps (CDS) fell on Friday, supported by…
S. Korean AI chipmakers merge to take on global leaders
South Korean AI chip makers Rebellions Inc and Sapeon Korea Inc have officially merged, as announced by the…
Egypt’s gold prices increase on Sunday
Egypt’s gold prices increased on Sunday at 12:30 pm (9:30 GMT) compared to August 15th.
Gazprom supplies 42mcm of gas daily to Europe
Gazprom has confirmed it is supplying 42 million cubic meters of gas per day to Europe via the Sudzha gas pumping…
Egypt’s food exports up 35% in 1 week – NFSA
Egypt's food exports surged to a whooping 210,000 tons in the week through August 10-16, marking a 35 per cent…
Singapore’s Olam to invest $22m in Egypt – Cabinet
Singapore's Olam Group is planning to boost its investment in Egypt by $22 million, bringing its total investment…
Japan-World Bank partnership shields Bangladesh from floods
Bangladesh, with GFDRR Japan-World Bank support, is creating innovative infrastructure solutions to enhance…