Day: September 26, 2023

Egypt’s President Abdel Fattah Al-Sisi said on Monday that the state has built an advanced and sufficient infrastructure over the past years by providing the required investment funding estimated at trillions of dollars, to pave the way for a better economic future. Al-Sisi made these remarks at the annual meetings…

Ever since the first Swiss trade representation opened its doors in 1906 in Alexandria, trade and investment have been at the forefront of Switzerland’s relationship with Egypt. Much has changed since then: diplomatic ties have been established, and new areas of cooperation have been added. But the fact that Switzerland…

The Italian Ambassador to Cairo, Michele Quaroni, announced on Sunday that Italy has cancelled US$100 million of debts owed by Egypt due to the Italian debt swap program. Quaroni explained that $75 million was allocated for a program to develop six advanced technological silos for storing grain in Egypt with…

The Central Bank of Egypt (CBE) announced on Monday that it has completed the third phase of the Egyptian Money Market Development project, which aims to improve the efficiency and transparency of trading and settlement of government securities. The project, which was coordinated with the Ministry of Finance, the Egyptian…

A government document obtained by Daily News Egypt revealed that Egypt plans to sell its stakes in several public and private assets by June 2024, aiming to raise $5bn from the divestments. The document stated that the government intends to sell 20% of the Ministry of Finance’s stake in AlexBank,…