Business & Finance

Egypt’s external debt decreases by $14 billion in 5 months

Egypt’s external debt has decreased to $153.9 billion at the end of May 2024, compared to $168 billion at the end of last year, according to an official statement quoting an anonymous central bank official.

Egypt received $35 billion in Emirati suppo…

PM reviews situation of Ras el Hekma project

Prime Minister Moustafa Madbouli headed a meeting on Saturday 27/7/2024, before starting an inspection tour in New Alamein city, where he listened to an explanation on the situation of Ras el Hekma project and the urban gathering in western Dabba in a…

WB chief affirms keenness on promoting partnership with Egypt

President of the World Bank (WB) Group Ajay Banga affirmed keenness on promoting partnership with Egypt during the upcoming period, in line with priorities of the newly-appointed government toward boosting development in all sectors.

The president of…

Sherif Farouk: Price of subsidized bread ‘unchanged’

Minister of Supply and Internal Trade Sherif Farouk announced that the price of subsidized bread, which is sold at 20 piasters per loaf on ration cards, will not change despite the recent increase in diesel prices.

The General Authority for Supply Co…

GUPCO to invest $226 mln in drilling 5 petroleum wells in Egypt

Minister of Petroleum and Mineral Resources Karim Badawi has visited the production facilitation platform of the North Safa marine field in the Gulf of Suez’s Northeast Ramadan concession area, which belongs to GUPCO and the Emirati company Dragon.

B…

Great efforts before, during period of maximum water need

Irrigation Minister Hani Swailem asserted that the Irrigation Ministry is exerting great efforts before and during the period of maximum water need to guarantee the delivery of water to all its beneficiaries.

The ministry is keen on providing water l…

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