Local wheat procurement price surpasses global rate: Supply Minister

Minister of Supply and Internal Trade Sherif Farouk announced that the 2025 local wheat procurement season has launched on a strong note, reflecting the state’s ongoing commitment to supporting Egyptian farmers and bolstering national food security. Farouk emphasized that the government has set a highly competitive and fair procurement price—above…

Egypt, IFC discuss boosting private sector role, state asset offerings

Egypt and the International Finance Corporation (IFC) discussed ways to enhance the private sector’s role in the Egyptian economy, including the government’s programme for state asset offerings, during talks at the World Bank Spring Meetings, the Egyptian Ministry of Planning said on Tuesday. Minister of Planning, Economic Development and International…

Introducing Saudi Streets: A New Voice from the Kingdom

From the team behind Egyptian Streets, a bold new platform has arrived: Saudi Streets – an independent English-language media initiative dedicated to exploring the culture, people, places, and transformation of Saudi Arabia. Officially launching in April 2025, Saudi Streets aims to offer a fresh, nuanced lens on the Kingdom at…

Egypt, IME to discuss details of RST new financing this week, sources

The Egyptian government and Central Bank are expected to discuss ways to obtain the new financing via Resilience and Sustainability Facility (RST) recently approved by the International Monetary Fund (IMF), and to agree on the mechanisms and tranches for its transfer to Egypt. The discussions are anticipated during their participation…