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World Bank supports aim to turn Egypt into regional hub for oil and gas trading

The World Bank supports Egypt’s aim to become a regional hub for oil and gas trading, reads a statement by the country’s ...

Malaysia freezes 408 bank accounts, summons ex-PM's stepson amid 1MDB probe

Malaysia has frozen more than 400 bank accounts as part of a probe into a multi-billion-dollar scandal at state fund 1MDB, ...

Eni denies talk of major new discovery in Egypt

Italian oil and gas group Eni has denied media reports that it has made a major new discovery in Egypt. “There ...

Egypt implements 2018/19 budget with more expenditures on health, education

Egypt's finance ministry announced on Sunday the implementation of the new budget for the 2018/19 fiscal year with ...

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National Bank of Egypt changes interest rates on savings accounts

Accounts with EGP 3,000 or less will no longer receive interest payments

Investment fund for infrastructure between Egypt, Sudan, Ethiopia to kick off this week: Minister

The fund is expected to hold a meeting in Cairo 3-4 July, according to an agreement signed in May

Egypt says to start building first nuclear plant Dabaa in next two years

Egypt said on Sunday that construction of its first nuclear power plant, to be built by Russia, will begin in the next ...

Ukraine's Nebulon to invest $2 billion in Egypt grain storage, transport: Ministry

Ukrainian grain trading company Nebulon is to invest $2 billion to build new grain silos and transportation barges in ...

IMF approves payment of $2.02 billion tranche of $12 billion loan

This brings the total amount disbursed by the IMF to Egypt to $8.06 billion

Central Bank of Egypt launches initiative to forgive EGP 16.8 billion in interest payments on debt

The initiative targets 3,500 companies and 337,000 individuals

Central Bank of Egypt keeps interest rates unchanged

Annual headline and core inflation recorded 11.4 and 11.1 percent respectively in May

World Bank commits $530 million to supporting Egypt’s public healthcare system

45 million Egyptians are expected to benefit from the project

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