Egypt has successfully received the third tranche of its loan from the International Monetary Fund (IMF), amounting to $820 million. This disbursement follows the completion...
Egypt Prioritises Private Sector Role in Economy
Egypt’s Finance Minister Ahmed Kouchouk has emphasized the importance of increasing the role of both domestic and foreign private sectors in the country’s economy. In...
IMF Adjusts Egypt’s Economic Forecast with More Positive Outlook Post-3rd Review
Following the completion of its third review of Egypt’s extended fund facility (EFF), the International Monetary Fund (IMF) has revised its economic forecast for Egypt,...
Korea-Saudi Business Forum Highlights Expanding Cooperation Beyond Oil
The Korea-Saudi Business Forum recently took place, emphasizing the growing cooperation between South Korea and Saudi Arabia in various sectors beyond oil. The forum, attended...
Yemenia Airways to Resume Flights to Cairo and India from Sanaa
Yemenia Airways has announced the resumption of commercial flights from Sanaa to Cairo and India, marking a significant step towards reconnecting Yemen with key international...
Egypt’s Music Industry Faces Challenges Amid Fragile Economy
Egypt’s music industry, once the epicenter of Arabic music, is facing significant challenges due to the country’s fragile economy. The devaluation of the Egyptian pound...
Saudi Arabia Turns to Kuwait for Fuel Oil to Meet Summer Demand
In a strategic move to address its soaring summer power demands, Saudi Arabia has turned to Kuwait for fuel oil imports for the first time...
Fuel costs soar in Egypt – Egypt Independent
Egypt is currently experiencing a significant surge in fuel costs, impacting various sectors of the economy and the daily lives of its citizens. The Ministry...
Enhancing Transportation Infrastructure for Economic Growth in Egypt
Egypt is making significant strides in enhancing its transportation infrastructure to drive economic growth. The government has launched several ambitious projects aimed at improving connectivity,...
Zambia and Egypt: An Enduring Win-Win Relationship
Zambia and Egypt have cultivated a robust and mutually beneficial relationship over the years, marked by strong economic, political, and cultural ties. This enduring partnership...
Egypt Raises Domestic Fuel Prices by Up to 15% Ahead of IMF Review
In a significant move, Egypt has raised domestic fuel prices by up to 15%, just days before the International Monetary Fund (IMF) is set to...
Orange Africa and Middle East Publishes “Seeds of Change” CSR Report
Orange Africa and Middle East (OMEA) has released its 2023 Corporate Social Responsibility (CSR) report titled “Seeds of Change.” This comprehensive report highlights the company’s...
Egypt Tops African Nations in Foreign Direct Investment in 2023
Egypt has emerged as the leading destination for foreign direct investment (FDI) in Africa for the second consecutive year in 2023. According to the United...
Egypt’s Central Bank Keeps Interest Rates Unchanged
In a recent decision, the Central Bank of Egypt (CBE) has opted to keep its key interest rates unchanged. This marks the second consecutive time...
E& Egypt to Boost Investments in Egypt by 40% in 2024
E& Egypt has announced plans to significantly increase its investments in the Egyptian market by 40% in 2024. This ambitious move is part of the...
Foreign Minister Praises BOI Office in Riyadh as Milestone in Thai-Saudi Economic Partnership
The recent inauguration of the Thailand Board of Investment (BOI) Office in Riyadh marks a significant milestone in the economic partnership between Thailand and Saudi...