Day: December 17, 2024

The Central Bank of Egypt (CBE) has reported a slight decrease in annual core inflation, which dropped to 23.7% in November 2024, down from 24.4% in October 2024. Monthly core inflation for November 2024 stood at 0.4%, a decrease from 1.0% in November 2023 and 1.3% in October 2024. The…

In line with presidential directives to boost Egyptian-African cooperation and integration, the Central Bank of Egypt (CBE) hosted the inaugural meeting of the African Financial Stability Committee (AFSC) from December 9–11, 2024. Under the leadership of CBE Governor Hassan Abdalla, the event aimed to advance financial stability across the African…

Kamel Al-Wazir, Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, welcomed Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef and his delegation to discuss ways to enhance industrial cooperation between the two nations. The meeting aimed to explore opportunities for deeper integration and…

Egypt’s Prime Minister Mostafa Madbouly recently chaired a meeting of the Permanent Higher Committee for Monitoring Egyptian-African Relations, attended by Egypt’s economic ministers and other relevant government officials. The session, part of the government’s ongoing efforts to strengthen Egyptian-African ties, focused on enhancing trade relations between Egypt and African countries.…

Hassan El-Khatib, Minister of Investment and Foreign Trade, presented the Ministry’s new strategic vision during a session of the House of Representatives. This marks a significant moment following the integration of the investment and foreign trade portfolios into a single ministry, reflecting the government’s commitment to fostering synergies between investment…

Ali El-Ghamrawy, Chairperson of the Egyptian Drug Authority, hosted Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef and his delegation at the Authority’s headquarters in Mansouria to discuss enhancing bilateral collaboration in the pharmaceutical industry.   The meeting focused on expanding cooperation in pharmaceutical production and the localization…

The Commercial International Bank – Egypt (CIB) has signed a strategic sponsorship and cooperation agreement with the Chamber of Food Industries (CFI), under the Federation of Egyptian Industries, becoming the chamber’s official banking partner for 2025. The agreement was announced at the 3rd Annual Food Industries Conference, “Egypt’s Food,” held…

Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced that the Ministry of Finance, in collaboration with the ETA, has launched a comprehensive tax facilitation package in response to requests from the tax community. This initiative aims to streamline procedures, resolve tax disputes, and simplify compliance.   One…

Egypt’s Minister of Planning and International Cooperation, Rania Al-Mashat, has participated in a high-level event in Tokyo, celebrating 70 years of development cooperation between Egypt and Japan. The event, organised by the Ministry of Foreign Affairs of Japan and the Japan International Cooperation Agency (JICA), also included representatives from the…

Preparatory meetings for the Developing Eight Organisation for Economic Cooperation (D-8) Summit began in Cairo on December 16th, with member states gathering at the commissioner level to discuss key agenda items. The meetings, chaired by Egypt, are a precursor to the D-8 Summit scheduled for December 19th. Ambassador Ragui El-Etreby,…