Category Archives: Economy

Belarus keen on boosting cooperation with Egypt

Belarus Ambassador in Cairo Sergei Terentiev asserted that Belarus is keen on boosting relations with Egypt in the domain of economic development. Terentiev said that there is a chance for Egypt to export high-quality goods like fruits, veggies, medical equipment,

Egypt participates in ILO talks on economic, social impacts of COVID-19

Manpower Minister Mohamed Saafan participated on Thursday 2/7/2020 in a virtual high-level meeting of the International Labor Organization to address means of mitigating the negative economic and social impacts of the global COVID-19 outbreak and the post-pandemic recovery. During the

Egypt lauds WFP financial package to alleviate Covid-19 impacts

International Cooperation Minister Rania el Mashat praised on Wednesday the financial package allocated by the World Food Program (WFP) to alleviate economic and social impacts of the novel coronavirus in Egypt. The 47-million-dollar package, which started in April and ends

Mashat, USAID director agree on funding 5 projects worth $105 million

International Cooperation Minister Rania Al-Mashat agreed on Tuesday with USAID Mission Director in Egypt Sherry Carlin to fund five future projects at a cost of $105 million. The agreement came during a video-conference meeting between Mashat, Carlin, and USAID officials

Planning Minister: ITFC offered Egypt $ 9.6bn since 2008

Minister of Planning and Economic Development Hala El Saeed said on Tuesday that the Islamic Trade Finance Corporation (ITFC) has offered funds to Egypt since 2008 until 2020 up to 9.6 billion dollars. According to a statement issued by the

Egypt to launch 2020-21 FY general budget Wednesday

The Finance Ministry will launch the biggest general budget for the fiscal year 2020/2021 on Wednesday, estimated at EGP 2.2 trillion, including EGP 1.7 trillion expenses. The new budget witnessed an increase estimated at EGP 138.6 billion in expenses compared