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Egypt's Petroleum Minister Tarek El-Molla has announced the national plan for the petrochemical industry and that a new strategy is being put in place to develop the industry, which will be implemented between 2020 and 2035.

Egypt's Oil Ministry announces New strategy to put in place to develop Egypt's petroleum industry

The Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA) funded 48,743 micro and small-sized enterprises by EGP 1.19 billion from January to April 2020, said Trade and Industry Minister Niven Gamea.

Egypt's Trade ministry: MSMEDA funds 48,743 projects by LE1.19 bn in 4 months

Governor of the Central Bank of Egypt (CBE) Tarek Amer announced the issuance of guarantees worth LE100 billion to banks

Central Bank of Egypt issues loan guarantees worth LE100B for banks to fund investors

In light of the decline of oil prices, Egypt increased its crude oil imports in the first two months of 2020 as their size was $553.6 million in January and $548.7 million in February.

Egypt multiplies crude oil imports in January, February

Egypt’s Central Bank approves EGP 100 bln to cover manufacturing, agriculture and contracting loans

Egypt’s Central Bank approves EGP 100 bln to cover manufacturing, agriculture and contracting loans

Egypt’s agricultural exports exceeded three million tonnes till now, approaching the same percentage of 2019 despite the coronavirus epidemic and the disorder it has caused to global trade, Agriculture Minister El Sayed El Quseir said.

Egypt's agricultural exports surpass 3M tonnes: min.

Egypt’s strategic reserves of basic commodities are sufficient for 5 months, according to Minister of Supply Ali Moselhy.

Egypt's strategic reserves of commodities sufficient for 5 months

National Bank of Egypt’s (NBE) deposits rose to LE 1.5 trillion, Vice President of the Bank Yehia Abul Fotouh said.

Egypt's National Bank hits deposits of LE1.5T

Fitch Rating said Thursday Egypt’s renewed engagement with the International Monetary Fund (IMF) will boost investors confidence in the economy.

Egypt’s renewed engagement with IMF to boost investor confidence: Fitch

The Board of Directors of the World Bank Group (WBG) approved LE50 million as an emergency response under the World Bank Groups new Fast Track COVID-19 Facility worth $6 billion a global effort to help strengthen the COVID-19 response and expedite economi

WB approves $50M for Egypt within new Fast Track COVID-19 Facility

The cabinet media center denied news circulated recently that the Egyptian agricultural exports have dropped by 25 percent due to the coronavirus crisis.

Cabinet media center denies drop in Egypt's agricultural exports

Egypt received on Tuesday a sum of $2.77 billion from the International Monetary Fund (IMF), which will be channeled into facing the coronavirus pandemic, a Central Bank of Egypt (CBE) official said.

Egypt receives $2.7 billion from IMF

Egyptian Minister of Public Business Sector Hisham Tawfik and Chairman of the Arab Organization for Industrialization Abdel Moneim al-Terras witnessed the signing of a memorandum of understanding to establish a company with two affiliated factories for p

Egypt sets up new company with 2 affiliated factories for producing tires

Moody’s Investors Service’s decision on keeping Egypt’s long-term foreign and local currency issuer ratings at B2 with a stable outlook reflects the confidence of international and rating institutions in the ability of the Egyptian economy to deal positiv

Moody's rating reflects int'l institutions confidence in Egypt's economy: Min.

Moody's Investors Service ("Moody's") affirmed Monday the long-term foreign and local currency issuer ratings of the Government of Egypt at B2, and kept the outlook stable.

Moody's keeps Egypt's rating at B2 with stable outlook

Egyptian Furniture Export Council said that the exports of the sector went down in January-March 2020 by 24 percent registering $58 million, compared to $76 million in the same period in 2019.

Exports of Egyptian furniture amount to $58M in Q1 2020

Head of the Central Department of Agricultural Quarantine at the Ministry of Agriculture Ahmed al-Attar said on Saturday that exports of vegetables and fruits have increased to 1,770,000 tons since the beginning of 2020.

Egypt's exports of vegetables and fruits increase to nearly 2.5M tons

The International Monetary Fund on Monday said its executive board approved $2.77 billion in emergency financing to help Egypt grapple with the new coronavirus pandemic

IMF approves $2.77B in emergency pandemic aid for Egypt

The Executive Board of the International Monetary Fund (IMF) approved Monday Egypt's financial package request to enhance the state’s capabilities to face the new COVID-19 virus crisis.

IMF statement on Egypt's emergency financial assistance approval

Egypt’s annual core inflation rate recorded 2.5 percent in April 2020, up from 1.9 percent in March 2020, according the Central Bank of Egypt (CBE) announced Sunday.

Finance Ministry auctions T-bills worth LE 19B

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