Over the next three decades, the world order is poised to transform dramatically, with BRICS countries— particularly China— ...

The agreement was signed Thursday during Chinese Premier Li Qiang’s official visit to Egypt and was witnessed by Egyptian ...

Egypt and China entered into three financial cooperation agreements on Thursday. The main topics of discussion included the ...

Western and Eastern energy giants are competing for new Egyptian gas exploration blocks. As Egypt opens 12 key Mediterranean ...

The CEO of Egypt's third-largest bank tells Al-Monitor why he is hopeful about the country's economic recovery.

Even so, drawing foreign currency from local banks is proving difficult as the net foreign-asset position dropped to a record negative USD 24.4bn at end-June 2023 (Figure 2).

The deficit in Egypt's foreign assets deficit declined by nearly 3 percent - EGP 24.92 billion ($807.95 million) - on a monthly basis in July, as assets rose at a pace faster than the growth in ...

Egypt’s tourism ambitions are being held back by a shortage of hotel rooms — and the foreign investment needed to build them. That’s according to Sherif Fathi, Egypt’s Minister of Tourism ...

Minister of Planning, Economic Development, and International Cooperation Rania al-Mashat participated in a press conference held by Prime Minister Mostafa Madbouly following the weekly cabinet ...

The Central Bank of Egypt (CBE) reported that the net foreign assets of the Egyptian banking sector recorded a surplus of $5.224bn (EGP 265.898bn) in ...

Hassan El-Khatib, Minister of Investment and Foreign Trade, announced that the Egyptian government plans to double the assets and investments managed by The Sovereign Fund of Egypt (TSFE) to better ...

Khazna, a financial super app for underserved communities in Egypt, raises $16 million pre-Series B bringing its total funding to $63 million.