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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

Investment Minister Sahar Nasr on Saturday called on British companies to boost investments in Egypt that reached $ 47.8 billion, with 1,817 British companies operating in the country.

Investments of UK companies in Egypt reaches $ 47.8bn: min.

Egypt's Ministry of Petrolum and Mineral Wealth reported on Sunday that the local consumption of petroleum products and natural gas hit 19.6 million tons during the period from July to September 2019, recording a decrease of 5.2 percent compared to the sa

Egypt's Oil Ministry: Consumption of 95-octane fuel increases by 74 % during 3 months

ceo

The CEO of DFC visits Egypt to promote U.S. investment, attend Africa 2019

economy

Sahar Nasr: Africa 2019 promotes investment opportunities in continent

Egypt's Ministry of Finance issued the rules, bases and assumptions for preparing the draft law of the general budget for fiscal year 2020/2021.

Finance Ministry states priorities of 2020/21 draft budget

Egypt’s trade deficit decreased 25.8 percent during August 2019, reaching $3.51 billion, compared to $4.73 billion in the same month of 2018, according to the state's statistics agency CAPMAS.

Egypt's trade deficit decreases 25.8 reaching $3.51 in August

Sisi has arrived in the UAE for a two-day visit starting Wednesday, and was received by Sheikh Mohamed bin Zayed, Abu Dhabi crown prince - Courtesy of Mohamed bin Zayed's Twitter account

Egypt, UAE to establish joint strategic platform , with a total investment of $20 B

Egypt's Ministry of Finance announced that the country returns back to the international bond market through auctioning $2 billion in bonds in three tranches, according to the Ministry of Finance.

Egypt returns back to int'l market by auctioning $2 billion in bonds

Egypt's Minister of Finance, Mohamed Ma'it said on Monday that the country targets a growth rate of 6.4 percent during the fiscal year 2020/2021.

Egypt seeks to reach growth rate of 6.4% during 2020/21: Min.

Egypt's Minister of Investments and International Cooperation Sahar Nasr said on Friday that Egypt targets to establish 12 investment zones, creating 500 thousand direct and indirect jobs and attracting investments worth LE78 billion.

Egypt plans to establish 12 investment zones: Min

Egypt’s foreign reserves rose by about $129 million, recording $45.246 billion by the end of October 2019, compared to $44.117 billion by the end of September 2019, according to the Central Bank of Egypt (CBE).

Egypt’s foreign reserves records $45.25B by end of October

Cash circulation in Egypt costs about LE 94 billion annually, which calls for moving towards digital transformation and financial inclusion, Assistant Undersecretary for the Central Bank's Payment Systems and Information Technology Sector, Ehab Nasr esti

Cash circulation in Egypt costs LE 94 B annually: CB

Egypt's Prime Minister announced in a business Forum on Monday that the country seeks to increase industrial growth rate to 10.7 percent by 2022, as the government continues to embark on a 2018 implemented action plan to boost the sector.

Egypt seeks to increase industrial growth rate to 10.7% in 2020

Egypt's Prime Minister Mostafa Madbouli issued a resolution on Thursday authorizing the General Authority for the Suez Canal Economic Zone (SCZone) to take part in establishing a joint stock company named Economic Zone Utilities Company.

Egypt to establish a joint stock company to manage investment in SCZone

Around 60 new discoveries have been made during the last fiscal year in the field of oil and gas, Chairman of the General Petroleum Authority Abed Ezz confirmed on Tuesday.

Egypt discoveres 60 oil, gas discoveries in 2018/19

The US dollar exchange rate slightly fell back during transactions at major banks on Monday.

Dollar exchange rate down at Egypt's major banks

Egypt has led the Middle Eastern and North African countries in the World Bank’s index for rights of shareholders trading in the stock market, Chairman of the Egyptian Financial Regulatory Authority (FRA) Mohamed Omran said Saturday.

FRA: Egypt leads MENA in World Bank index for shareholders’ equity

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