Egypt seeks 5.6% inflation rate in FY2020/21, 6% in FY2021/22
Egypt is seeking to achieve a 5.6 percent inflation rate in the current FY2020/2021, which ends in June, and 6…
Egyptian virtual clinic app Doctor Online expects new round of funding in Q2
Egyptian virtual clinic app, Doctor Online will receive a new funding in the second quarter of the year, its…
Egypt’s CBE to review key interest rates on Wednesday
The Central Bank of Egypt (CBE) will be reviewing the key interest rates as The Monetary Policy Committee (MPC) is…
Egypt clears Chinese Sinovac vaccine for use for emergency use
Egyptian Health regulators have granted approval to China’s Sinovac vaccine for emergency use, the authority said…
Egypt’s GDP seen growing to 7.1 tln, total investments to surge to 1.25 tln in FY2021/2022
Egypt’s GDP is expected to witness a growth by 11.7 percent in FY2021/2022 (starts in July) to reach 7.1 trillion…
Egyptian tourist resorts ready to receive Russian tourists, minister
Egyptian tourist resorts are ready to receive tourists from Russia and from all over the world, Minister of Tourism…
BP starts operating Raven field of West Nile Delta development
BP, the London-based international oil company, started operating the Raven field of the third phase of the West…
Orascom Construction adds $650m to its projects portfolio in Q1-21
Orascom Construction has added $650 million new contracts to its backlog during the first quarter (Q1) of 2021, up…
Egypt pays EGP 2.7bn to exporters in export subsidies
Export Development Fund issued 583 export certificates with total subsidies worth 2.7 billion Egyptian pounds or a…
Egypt’s budget deficit is expected to narrow to 6.7% of GDP in FY21/22
The budget deficit is expected to narrow to 6.7 percent of GDP, from an expected 7.7 percent in the current fiscal…