Economy & Trade

CEO of Eni: Our investments in Egypt reached 13 billion dollars during the past three years

CEO of Eni: Our investments in Egypt reached 13 billion dollars during the past three years

  CAIRO – 16 January 2019: This morning Prime Minister and Minister of Housing & Urban Utilities, Dr. Mostafa Medbouli met with Claudio Discalzi, CEO of Eni, in the presence of Minister of Petroleum and Mineral Resources Tarek Al-Mala. During the meeting, the Prime Minister expressed the appreciation of the Egyptian Government for the cooperation […]

 Standard Chartered: Egypt to Rank 7th Largest Economy by 2030

 Standard Chartered: Egypt to Rank 7th Largest Economy by 2030

CAIRO – 9 January 2019: A new report published by Standard Chartered bank anticipated that Egypt to rank as the 7th largest economy in the world by 2030, and will precede Russia, Japan and Germany. The report predicted that seven of the world’s top 10 economies by 2030 will likely be emerging markets. The prediction […]

Egyptian investments in African countries is about $8 billion: Egyptian PM

Egyptian investments in African countries is about $8 billion: Egyptian PM

CAIRO – 12 December 2018: Prime Minister Mostafa Madbouli said that Egypt aims to double the volume of intra- trade with the African countries in five years to reach $10 billion, from the current $5 billion. During the opening of the first African Intra-Trade Fair, Madbouli said that the volume of Egyptian investments in African […]

Central Bank Of Egypt Issues T-Bills Worth LE 19 Billion

Central Bank Of Egypt Issues T-Bills Worth LE 19 Billion

CAIRO – 2 December 2018: In coordination with the Finance Ministry, the Central Bank of Egypt (CBE) issued Sunday treasury bills (T-bills) worth LE 18.2 billion (equivalent to $1.02 billion).   The T-bills will be offered in two installments; the first installment is valued at LE 9.7 billion with a 91-day term and the second […]

Wheat cultivated areas rise to 1.5 million feddans

Wheat cultivated areas rise to 1.5 million feddans

CAIRO – 2 December 2018: The size of wheat cultivated areas increased to 1.5 million feddans at the beginning of this year’s winter season as there is a target to reach 3.4 million feddans, according to a report by the Ministry of Agriculture.   The ministry told press on Saturday that subsidized fertilizers are provided […]

Central Bank Of Egypt Issues T-Bills Worth LE 19 Billion

Central Bank Of Egypt Issues T-Bills Worth LE 19 Billion

CAIRO – 22 November 2018: In coordination with the Finance Ministry, the Central Bank of Egypt (CBE) issued Sunday treasury bills (T-bills) worth LE 19 billion (equivalent to $1.06 billion).   The T-bills will be offered in two installments; the first installment is valued at LE 9.5 billion with a 182-day term and the second […]

Egyptian investments in Algeria reach $3.6 billion: Egyptian PM

Egyptian investments in Algeria reach $3.6 billion: Egyptian PM

CAIRO – 18 November 2018: During a meeting held between Egyptian Prime Minister Moustafa Madbouli and his Algerian counterpart on the margins of the 11th extraordinary session of the Assembly of Heads of State and Government of the African Union, Madbouli pointed out that Egyptian investments in Algeria have reached $3.6 billion.   Madbouli attends […]

Central Bank of Egypt issues T-bills worth LE 18 billion

Central Bank of Egypt issues T-bills worth LE 18 billion

CAIRO – 18 November 2018: In coordination with the Finance Ministry, the Central Bank of Egypt (CBE) issued Sunday treasury bills (T-bills) worth LE 18 billion (equivalent to $1.01 billion).   The bonds are accessible in two instalments: One valued at LE 9.5 billion with a 91-day term, and one valued at LE 8.5 billion […]

Central Bank of Egypt issues T-bonds valued at LE 1.2 billion

Central Bank of Egypt issues T-bonds valued at LE 1.2 billion

CAIRO – 5 November 2018: In coordination with the Finance Ministry, the Central Bank of Egypt (CBE) issued Monday treasury bonds (T-bonds) worth LE 1.2 billion (equivalent to $66.89 million).   The bonds are accessible in two instalments: One valued at LE 750 million with a five-year-term, and one valued at LE 500 million with […]

Egyptian foreign reserves hit $44.5 billion in October

Egyptian foreign reserves hit $44.5 billion in October

CAIRO – 5 November 2018: The Central Bank of Egypt (CBE) announced Monday that the country’s foreign reserves increased by $40 million to reach $44.501 billion at the end of October.   This increase comes in a line of increases that comes as a result of the $12 billion loan from the International Monetary Fund […]

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