Among the landmark deals, the People's Bank of China (PBOC) and the Central Bank of Egypt signed a memorandum of understanding to deepen financial cooperation, which covers local-currency settlement, ...

Minister El-Shimy outlined the ministry’s comprehensive strategy for reforming its affiliated companies, aimed at enhancing performance and ensuring long-term sustainability ...

America is worried that China and some other rivals are establishing themselves as preferred investors in mineral-rich ...

The agreement was signed Thursday during Chinese Premier Li Qiang’s official visit to Egypt and was witnessed by Egyptian ...

Egypt and China entered into three financial cooperation agreements on Thursday. The main topics of discussion included the ...

Western and Eastern energy giants are competing for new Egyptian gas exploration blocks. As Egypt opens 12 key Mediterranean ...

The CEO of Egypt's third-largest bank tells Al-Monitor why he is hopeful about the country's economic recovery.

Even so, drawing foreign currency from local banks is proving difficult as the net foreign-asset position dropped to a record negative USD 24.4bn at end-June 2023 (Figure 2).

The deficit in Egypt's foreign assets deficit declined by nearly 3 percent - EGP 24.92 billion ($807.95 million) - on a monthly basis in July, as assets rose at a pace faster than the growth in ...

Egypt’s tourism ambitions are being held back by a shortage of hotel rooms — and the foreign investment needed to build them. That’s according to Sherif Fathi, Egypt’s Minister of Tourism ...