Central Bank of Egypt Issues New Decrees for Extending the Exemption of Individuals from Transfer Fees via Instant Payment Network and InstaPay Application

As Part of its Ongoing Efforts to Promote Egypt's Digital Transformation Strategy

Cairo - Eco - Fady Labib : In alignment with Egypt's Vision 2030 to promote digital transformation, the Central Bank of Egypt’s (CBE) Board of Directors issued a set of decrees that include extending the exemption of all fees and commissions applicable to bank transfer services, conducted through electronic channels (internet banking and mobile banking applications) in Egyptian pound ...

The European Commission provides financial aid worth one billion euros to Egypt

 

Brussels | Belgium -  Eco - Fady Labib : The European Commission decided today, Friday, to disburse one billion euros within days, after fulfilling the political conditions agreed upon with the European Union within the framework of the ongoing comprehensive financial assistance program ...

The inauguration of the 2023 Annual Meetings of the African Development Bank Group in Sharm El Sheikh City

Cairo - Eco - Fady Labib : H.E. President Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, privileged today the 2023 Annual Meetings of the African Development Bank Group with his presence ...

Under the Auspices of H.E. President Abdel Fattah El-Sisi .. The Central Bank of Egypt concluded the preparations to host the "Annual Meetings of the African Development Bank Group" in Sharm El-Sheikh

Cairo - Eco - Fady Labib : As part of the state's directives to strengthen cooperation with African nations across all fields, especially on the economic level, the Central Bank of Egypt has completed the preparations to host the Annual Meetings of the African Development Bank Group from May 22nd - 26th 2023, under the theme of “Mobilizing Private Sector Financing for Climate and Green Growth in Africa” ...

Exemption of gold imports that come with those coming from abroad from customs tax and fees

Cairo - Eco : During its meeting today, headed by Dr. Mostafa Madbouly, the Council of Ministers approved a draft decision of the Prime Minister regarding exempting gold imports in semi-worked forms, as well as those intended for cash circulation, jewelry, jewelry and their parts of precious metals...

The Central Bank of Egypt decides to raise the interest rate by 2%

Cairo – Eco - Fady Labib : The Monetary Policy Committee of the Central Bank of Egypt decided, in its meeting today, to raise the overnight deposit rate, the central bank’s overnight lending rate, and the main operation rate by 200 basis points, to 18.25 percent, 19.25 percent, and 18.75 percent. percent, respectively. The discount rate was raised by 200 basis points to 18.75 percent ...

Details of the Minister of Finance's meeting with the British Ambassador and the Egyptian British Chamber of Commerce

 

" Maait ": Encouraging investors to make Egypt a center for their production and export activities.. and " Bailey " confirms: Egypt is an attractive destination for British investments

Cairo – Eco - Fady Labib : Minister of Finance, Dr. Mohamed Maait, confirmed that Egypt, with its wise political leadership, is open to the world, within the framework of balanced relations, and is interested in strengthening economic cooperation ...

The Central Bank of Egypt raises interest rates on Egyptian treasury bills

Cairo - Eco - Fady Labib : The Central Bank of Egypt raised interest rates on Egyptian treasury bills for 364 days to 22.126% in today’s auction results from 22% in the previous auction ...

Mohamed El-Atreby, President of Banque Misr : "Misr" and "Al-Ahly" banks achieved profits that allow them to bear the cost of high certificates

Cairo - Eco - Banknotey - Fady Labib : Mohamed El-Etreby, President of Banque Misr, said: The period for issuing certificates with a return of 25% - 22.5% has not yet been determined, but it will be limited, as it may reach three weeks from the issuance. The nature of the Egyptian people tends to the stability of interest rates and the periodicity of returns " ...

" FinTech Egypt " launches the "FINTEKRS" initiative to encourage startups to develop and implement their innovative financial solutions across all governorates

The Central Bank of Egypt Supports Entrepreneurship and Promotes Innovations in Financial Technology

Cairo - Eco - Fady Labib :  In line with the Central Bank of Egypt’s strides to support and foster entrepreneurship and innovations in financial technology; “ FinTech Egypt ” launched the " FINTEKRS " initiative for FinTech & FinTech enabled startups"...

The IMF lends Egypt $3 billion and announces its welcome to the Central Bank’s decisions

Washington- Eco - Fady Labib :  International Monetary Fund (IMF) staff and the Egyptian authorities have reached a staff-level agreement on comprehensive economic policies and reforms to be supported by a 46-month Extended Fund Facility (EFF) Arrangement of US$3 billion ...

The Central Bank of Egypt adopts a flexible exchange rate system and raises interest

 

Cairo - Eco - Fady Labib :  The global economy faced multiple shocks and challenges, the likes of which have not been seen in years. Recently, global markets have been subject to the COVID19 pandemic that put the world on lockdown, followed by the Russo-Ukraine conflict, which had dire economic ramifications. Consequently, Egypt weathered large capital outflows and rising commodity prices ...

After the local and international success .. "Forever is Now" with "The Pyramids" for the second year

 Running from 27 October to 30 November 2022, Forever Is Now II showcases the contemporary art of this cultural moment and pays homage to the environment, the public and the future.

Giza - Eco - Nariman Yanny : Following on the success of Forever Is Now, last year’s first international showcase at the Pyramids of Giza ..

Launching the joint country strategy between Egypt and the French Development Agency

 

Cairo - Eco - Fady Labib : Embodying the ethos of the multi-actor and multi-sector approach to accelerate the implementation of the 2030 Agenda, the Ministry of International Cooperation and the French Development Agency (AFD) launch the new country strategy until 2025, which falls under the theme "Towards Shared Prosperity " ... 

Founder of Art D’Egypte Nadine Abdel Ghaffar speaker at VeeCon2022 in Minneapolis!

Minneapolis - Eco -Nariman Yanny : Nadine Abdel Ghaffar, the Founder and Curator of Art D’Égypte, announced the drop of the first “Forever Is Now” NFT collection during her talk at VeeCon. A multi-day NFT conference, hosted by entrepreneur Gary Vaynerchuk (aka. Gary Vee), at Minneapolis, MN, in the U.S. Bank Stadium from May 19 to May 22, 2022 ...

Swvl shares begin trading on the NASDAQ Stock Exchange

Cairo - Eco - Fady Labib : The Egyptian Stock Exchange received the “ Swvl ” team in Egypt, coinciding with the start of trading on the company’s shares on the American Nasdaq Stock Exchange..

The " Economy of the Suez Canal " wins a seat on the steering committee of the African AEZO

Cairo - Eco - Fady Labib : Egypt, represented by the Suez Canal Economic Zone, won a seat in the Steering Committee of the African Economic Zones Organization AEZO. The announcement of the authority’s obtaining this seat came during the elections organized by the organization virtually and in the presence of Mr. Walid Gamal El-Din, Executive Director of the Suez Canal Economic Authority and a number of representatives and heads of economic zones African Union, which was recently held in Ghana ...

Officially .. Dr. Rania Al-Mashat Minister of International Cooperation launches the first book documenting the experience of the Arab Republic of Egypt in the field of international cooperation and development finance with the London School of Economics

Al-Mashat : The book consolidates Egypt’s principles of economic diplomacy and highlights its role in enhancing multilateral cooperation and pushing towards achieving sustainable development

Cairo - Eco - Fady Labib : Launching the book in the presence of several eminent international economic figures and institutions reflects Egypt’s pioneering experience in international cooperation; and the collaboration with the London School of Economics gives the book an international dimension and enables developing countries to learn from Egypt’s experience in implementing modern sustainable development methodologies ...

The Egyptian Center for Economic Studies launches a new version of the first industrial investment guide in Egypt

Cairo - Eco - Fady Labib : The Egyptian Center for Economic Studies launched the new version of the first guide for industrial investment in Egypt, version 2021 in both Arabic and English, for the third year in a row ...

Egypt ranks 56th in the world among 172 countries in the "government readiness for artificial intelligence" index

 Cairo –Eco –fady labib : Egypt has moved up 55 places on the Government Artificial Intelligence (AI) Readiness Index, to occupy the 56th rank out of 172 countries, compared to the 111th out of 194 countries, in 2019, according to the Government AI Readiness Index report, issued by Oxford Insights and the International Research Development Centre (IDRC) ...