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Egypt seeks to increase the issued capital of Egypt's Sovereign Fund from LE 200 billion to more than LE 1 trillion, Minister of Planning and Economic Development Hala el-Saeed said Tuesday.

Egypt targets to rise Sovereign Fund’s issued capital to LE 1Trillion

World Economic Forum kicked off Tuesday in the Swiss city Davos, with the participation of the Egyptian Minister of International Cooperation Rania al-Mashat.

Egypt participates in World Economic forum in Davos

Egypt's Minister of Trade and Industry Neveen Gamea said on Tuesday that the World Bank financed around 450,000 small projects in Egypt.

World Bank financed 450K small projects in Egypt

Egypt's Commercial International Bank (CIB) signed Monday a memorandum of understanding (MoU) worth $100 million with the British financial institution CDC, in the British capital, London

Egypt's CIB signs $100M MoU with British institution CDC

new deals pertinent to ports are expected to be closed and announced during the UK-Africa Investment Summit 2020.

Egypt's Sczone expects to close deals in UK-Africa Investment Summit 2020

Egypt signed nine petroleum agreements for oil and natural gas exploration in the Mediterranean and Western Desert regions

Egypt signs 9 petroleum agreements for oil, gas exploration worth $452M

Egypt is enjoying relatively strong growth, estimated at 5.5 percent for 2019 and projected at 5.8 percent in 2020

Egypt enjoys strong growth owing to robust recovery of domestic demand: UN

Egypt is one of the main markets in Africa attracting direct investment in relation to the United Kingdom, Trade Commissioner (HMTC) for Africa Emma Wade-Smith said Monday.

Egypt is one of main markets in Africa attracting direct investment: Trade Commissioner

Prime Minister Moustafa Madbouli chaired a meeting on Thursday to follow up projects of upgrading roads in various governorates.

Additional LE 2 billion to pour into developing roads: PM

EBRD becomes shareholder in Egypt’s Infinity Energy

EBRD becomes shareholder in Egypt’s Infinity Energy

The volume of trade exchange between Egypt and China is expected to rise by more than 24 percent in 2020, President of the Association of the Mediterranean Chambers of Commerce and Industry (ASCAME) Ahmed el Wakil said.

ASCAME: Trade exchange bet. Egypt, China to increase by 24% in 2020

Egypt's Finance Minister Mohamed Maait has said the government is keen to beef up the Singaporean investments in the country.

Egypt's Govt keen to increase Singaporean investments in Egypt: finance minister

Bloomberg said that the decline in Egypt's annual inflation rate in December 2019 reflects the government success in curbing prices hike.

Bloomberg: Decline in Egypt's inflation reflects gov't success in curbing prices hike

Egypt's Ministry of International Cooperation has started making preparations for a visit of a high-level delegation comprising executive directors of the World Bank to Egypt in January.

Egypt prepares to a visit from high-level WB delegation

The Ein Sokhna port, an affiliate of the Suez Canal Economic Zone (SCZone), has received a Dutch ship carrying 8 winches to be used in the handling of containers in the second basin terminal.

DP World starts new expansions of Egypt's Sokhna Port

The Central Bank of Egypt (CBE) said in a report on Tuesday that Egypt's domestic liquidity increased by LE 148.2 billion to register LE 4.011 trillion at an increase of 3.8 percent in July-September of the 2019/2020 fiscal year (FY).

Egypt's domestic liquidity rises to LE4.011T by end of September: CBE

Egypt's economic reform program contributed to solving the problems that the country suffered from, as it helped save LE 650 billion to solve the electricity problem, Minister of Finance Mohamed Ma’it said Monday.

Egypt's economic reform program saves LE 650B to solve electricity problem

Egypt’s foreign reserves reached about $108 million, recording $45.354 billion by the end of November 2019, compared to $45.246 billion by the end of October 2019, according to the Central Bank of Egypt (CBE).

Egypt’s foreign reserves reach $45.35B by end of November

Egypt signed a $1.1 billion agreement with the International Islamic Trade Finance Corporation (ITFC) to finance importing petroleum products and commodities for 2020, according to the Ministry of Petroleum.

Egypt signs agreement with ITFC to finance importing petroleum products by $1.1B

Egypt's exports of leather, leather products and footwear declined by 21.9 percent for the period between January and September, registering $62.9 million, compared to $80.6 million for the same period last year.

Egypt's exports of leather, footwear reach $62.9 mln in 2019

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