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Moroccan Town of Skoura Oasis Under Dry Spell

Moroccan Town of Skoura Oasis Under Dry Spell

(3 Minutes Read) It is not just farmers feeling the impact. The dry conditions are affecting the broader Skoura community, including members of local oil-producing...
Egyptian President Abdel Fattah Al-Sisi has arrived in Malabo, the capital of Equatorial Guinea, to take part in the 7th Mid-Year Coordination Meeting (MYCM) of the African Union (AU). The summit is a crucial platform for enhancing regional integration and synchronizing continental development strategies.

President Abdel Fattah Al-Sisi Participates in High-Level African Union Coordination Summit in Equatorial Guinea

(3 Minutes Read) Egyptian President Abdel Fattah Al-Sisi has arrived in Malabo, the capital of Equatorial Guinea, to take part in the 7th Mid-Year Coordination...
Crystal Martin Group

Crystal Martin Group to Launch Major Textile Hub in Egypt, Creating Thousands of Jobs

(3 Minutes Read) Hong Kong-based Crystal Martin Group has unveiled a major investment initiative to build a large-scale textile and apparel manufacturing facility in Egypt,...
Morocco Marks Major Milestone in Water Security with Launch of Longest Pipeline

Morocco Marks Major Milestone in Water Security with Launch of Longest Pipeline

(3 Minutes Read) Morocco has taken a significant step forward in its water security strategy with the inauguration of the country’s longest water pipeline—a 203-kilometer...
Liquidity in Egypt’s Banking Sector Increases: Report  

Liquidity in Egypt’s Banking Sector Increases: Report  

(3 Minutes Read) According to the CBE’s latest report, the money supply reached EGP 3.285trn in May, compared to EGP 3.170trn in April. The volume...
Egypt to Modernize Existing Public Sector Companies through Reforms

Egypt to Modernize Existing Public Sector Companies through Reforms

(3 Minutes Read) These initiatives aim to introduce advanced technologies, promote local manufacturing, and reduce reliance on imports, thereby enhancing value-added production and improving the...
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), has signed a Memorandum of Understanding (MoU) with Pan Gongsheng, Governor of the People’s Bank of China (PBOC).

Central Banks of Egypt and China Sign MoU for Exchange of Information and Expertise

(3 Minutes Read) Areas of collaboration include monetary policy, financial markets, electronic payment systems and services, financial and supervisory technologies, and banknote issuance. Hassan Abdalla, Governor...
Egypt’s Minister of Civil Aviation, Sameh El-Hefny, met with Alhaji Fanday Turay, Minister of Transport and Aviation of the Republic of Sierra Leone, in line with directives from Egypt’s political leadership to strengthen bilateral relations with African nations.

Egypt and Sierra Leone to Strengthen Ties in Civil Aviation

(3 Minutes Read) The two sides also considered updating and broadening the scope of the existing Memorandum of Understanding to reflect regional and international developments...
Heads of Central Banks of China and Egypt Hold Parleys

Heads of Central Banks of China and Egypt Hold Parleys

(3 Minutes Read) Key topics discussed included the establishment of agreements to facilitate trade in local currencies and the settlement of bilateral commercial payments in...
The People’s Bank of China (PBOC), China’s central banking authority, announced on Friday that it has entered into a significant agreement with the Central Bank of Egypt to boost financial collaboration between the two nations. The memorandum of understanding (MoU), signed on Thursday, outlines a roadmap for strengthening bilateral monetary cooperation through multiple channels, including the promotion of local currency settlements and joint efforts in central bank digital currencies (CBDCs) and digital innovation.

China and Egypt Deepen Financial Ties with New Currency and Digital Cooperation Agreement

(3 Minutes Read) The People’s Bank of China (PBOC), China’s central banking authority, announced on Friday that it has entered into a significant agreement with...

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