The Central Bank of Egypt’s Monetary Policy Committee (MPC) decided Thursday 5/9/2024 to keep key interest rates unchanged. The decision leaves the overnight deposit, overnight lending, and main operation rates at 27.25%, 28.25% and 27.75% respectivel…
Oil prices closed down by more than a dollar per barrel at the close of trading on Thursday.
Brent crude futures fell $1.05 at the close, or 1.42 %, to $72.70 per barrel. US West Texas Intermediate crude futures fell $1.14, or 1.62 %, to $69.20.
Tod…
Minister of Local Development Manal Awad and Resident Representative of the United Nations Development Program (UNDP) in Egypt Alessandro Fracassetti reviewed Thursday 5/9/2024 areas of joint cooperation, stressing her keenness to continue cooperation…
On behalf of President El Sisi, Prime Minister Mostafa Madbouly addressed the second high-level session of the Forum on China-Africa Cooperation (FOCAC), focusing on economic opportunities and strategic investments.
Madbouly underscored Africa’s vast…
Egypt’s Minister of International Cooperation Rania Al-Mashat and Lt. Gen. Eng. Kamel El-Wazir, Egypt’s Deputy Prime Minister for Industrial Development, met with Turkish Transport and Infrastructure Minister Abdulkadir Uraloglu met today to discuss j…