Egypt’s agricultural exports record $4.04bn within 9 months

Minister of Agriculture and Land Reclamation, Alaa Farouk, has received a report from the Head of the Egyptian Agricultural Quarantine Mohamed El Mansy regarding Egypt’s agricultural exports from 1 January to 16 October 2024. According to the report, Egypt’s agricultural exports exceeded 6.9 million tonnes of agricultural products, valued at…

Strengthening Egyptian-Turkish private sector partnerships to achieve sustainable development goals: Finance Minister

Egyptian Finance Minister Ahmed Kouchouk emphasized the government’s commitment to improving the business environment and reducing financial burdens through integrated fiscal, investment, and trade policies. These efforts aim to drive investment, production, and exports, fostering private sector growth within the economy. Various programs and initiatives are in place to support…

Al-Sisi calls for enhanced economic cooperation at BRICS Business Forum

Egyptian President Abdel Fattah Al-Sisi delivered a recorded address to the BRICS Business Forum on Friday, emphasizing the importance of economic cooperation and investment among member countries. “This forum is being held at a time when the world is witnessing successive and unprecedented international challenges and crises that require concerted…

Egypt host BRIDGE roundtable to connect private sector with UK funding

Egypt’s Ministry of Planning, Economic Development, and International Cooperation hosted a “Business Roundtable for Innovation, Development & Government Engagement” (BRIDGE) session, bringing together representatives from the private sector, export councils, and business associations with key UK funding institutions. The event, the second in the BRIDGE dialogue series, aimed to connect…

No more fuel price hikes for 6 months, Egyptian PM says

Egypt’s Prime Minister Mostafa Madbouly has said there will be no further fuel price increases in the next six months. Speaking during a visit to the Minya Governorate on Saturday, Madbouly acknowledged the impact of recent fuel price rises on citizens. “The government is fully aware of the impact of…

Will Egypt benefit from the IMF decision to reduce lending fees?

After intense pressure and urgent demands from its member states, the International Monetary Fund (IMF) decided to review its policy regarding the additional fees it imposed on borrowing countries. The IMF’s Board of Directors decided to reduce the value of these additional fees by 36%, nearly $1.2bn annually, starting from…
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