UAE sees steady August PMI growth as Kuwait, Egypt contract
Business activity across Middle Eastern and North African economies showed mixed trends in August, with the UAE leading growth while Kuwait and Egypt recorded contractions,…
Tag: EGYPT
Egypt’s Net Foreign Assets Jump to a Record $18.5 Billion in July
Egypt’s net foreign assets rose by $3.54 billion in July to a record $18.5 billion, central bank data showed, as Gulf investments, a currency devaluation…
Egypt’s GDP Grows 4.5% in 2024-25
Egypt’s real gross domestic product grew by 4.5% in the 2024-25 financial year, up from 2.4% the previous year, Finance Minister Ahmed Kouchouk said on…
Egypt Signs $1 Bln Deal with China’s Sailun Group for Tire Factory
Egypt has signed a deal with China’s Sailun Group to build an automotive tire factory in the Suez Canal Economic Zone, with total investments of…
China Says Premier Li to Visit Brazil for BRICS Summit, Egypt
Chinese Premier Li Qiang will visit Brazil for a meeting of BRICS countries and then Egypt next week, Beijing’s foreign ministry said on Wednesday. “Li…
Egypt courts Chinese investment in sectors amid economic reform
Egypt seeks to deepen economic ties with China as it pushes for foreign investment to support a broad programme of structural reforms and infrastructure upgrades.…
Salah Among Nominees for PFA Player of the Year Award
Liverpool forward Mohamed Salah was among six players nominated for the Professional Footballers’ Association Men’s Player of the Year award on Friday. The 33-year-old played…
Egyptian Archaeologists Discover Three Tombs in Luxor
Egypt unveiled three new tombs of prominent statesman in the Dra Abu al-Naga necropolis in Luxor, officials said Monday. Egyptian archaeologists have discovered tombs dating…