Day: January 7, 2024

The urban development and real estate investment sector in Egypt is one of the important sectors that contributed to the economic growth in Egypt in the past nine years, at a rate of more than 60%, according to Mohamed Rashid, a member of the Real Estate Development Chamber at the…

The Information and Decision Support Centre at the Cabinet has prepared a comprehensive research project titled “Document Highlighting the Strategic Directions for the Egyptian Economy for the New Presidential Term (2024-2030).” This document identifies and ranks policy actions for the Egyptian economy until 2030, covering both general economic trends and…

The National Bank of Egypt (NBE) and Banque Misr will offer new savings certificates with returns of 23.5% and 27% through their branches starting from Monday. This comes after limiting the purchase process to electronic methods and ATMs in the past two days, as well as some branches in commercial…

The Egyptian Cabinet prepared a research project titled “A document on the most prominent strategic directions of the Egyptian economy for the new presidential term (2024-2030).” The document identifies the priorities of the Egyptian economy until 2030, in terms of macroeconomic trends and specific strategies. The document outlines eight strategic…

Egypt’s Minister of Transport Kamel Al-Wazir said that the high-speed electric train network, which will cover all parts of the country, will serve new and existing urban and industrial areas, as well as tourist and modern agricultural areas. Al-Wazir said that the electric train will also integrate with airports, sea…

The Egyptian Exchange (EGX) is planning to launch a new company that will specialize in trading financial derivatives, such as futures and options contracts. The new company will be a joint venture between EGX’s subsidiary, the Stock Exchange Holding Company, and other partners from the banking sector and the derivatives…

The Central Bank of Egypt (CBE) reported that the transactions of the Egyptian economy with the rest of the world resulted in an overall BOP surplus of $228.8m in the first quarter (July/September 2023) of FY 2023/2024. This was lower than the surplus of $523.5m in the same period a…

The proceeds of the new certificates of deposits, offered by the National Bank of Egypt and Banque Misr on Friday with returns of 23.5 percent and 27 percent, recorded LE 11 billion on the first day. Heavy demand of Egyptians for these CDs continues via mobile banking and the Internet.…