Sisi orders meeting Egyptians’ needs of basic commodities

Egypt’s President Abdel Fattah El-Sisi gave his directives to the government to provide basic food commodities and increase the strategic food reserves to meet people’s demands across the country amid the strict measures taken by the government to curb the …

CBE: Balance of payment surplus hits USD 410.9 m

The Central Bank of Egypt (CBE) said the balance of payment with regard to country’s foreign transactions hit a surplus of USD 410.9 million in the first half of the 2019-2020 fiscal year against a total deficit of USD 1.8 …

Egypt estimates disbursements of EGP 1.7 trillion, revenues of EGP 1.3 trillion in new budget

Minister of Finance Mohamed Maait announced that the disbursements of the draft budget for fiscal year (FY) 2020/2021 have reached approximately EGP 1.71 trillion, and revenues recorded EGP 1.3 trillion.

Announcing FY 2020/2021 figures, Maait added the new budget targets …

Trade Minister extends work of export councils

Minister of Trade and Industry Nevine Gamea has decided to extend the work of the current export councils for another month as of April 1,2020.

In a statement released Monday March 30,2020 the Ministry of Trade and Industry said the …

Cooperation for producing solar energy panels

Minister of State for Military Production Mohamed Assar and Minister of International Cooperation Rania El Mashaat on Tuesday March 31, 2020 held a meeting to discuss cooperation between the two ministries in the field of producing solar energy panels in …