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Macroeconomics

Fashion, electronics, healthcare, and groceries witnessed the largest increase of online activity.
1 hour ago Mastercard study shows 72% of Egyptian consumers shop more online since pandemic
Cairo – Mubasher: A Mastercard study showed that 72% of Egyptian consumers are shopping more online since the outbreak of the coronavirus (COVID -19) pandemic, according to a statement on Tuesday. Amid the restrictions imposed to curb the spread …
Returns on FDI to COMESA increased to $31 billion
2 hours ago EGX leads COMESA in attracting foreign investments
Cairo – Mubasher: The Egyptian Exchange (EGX) has acquired the largest share of foreign investments directed to stock exchanges in the Common Market for Eastern and Southern Africa (COMESA), making up 38% in 2019, followed by Tunisia and Sudan …
Minister of Planning and Economic Development, Hala El-Saeed
2 hours ago Egypt allocates EGP 5.7bn investments for Beheira in FY20/21
Cairo – Mubasher: Egypt’s Ministry of Planning and Economic Development has allocated EGP 5.7 billion in investments for Beheira in fiscal year 2020/2021, up by 113.6% year-on-year (YoY) from the allocated investments in FY19/20. Developmental …
The production of fertilisers increased by 30.7% to EGP 2.5 billion
3 hours ago Egypt’s sugar production registers EGP 12.2bn
Cairo – Mubasher: Egypt’s production of sugar in public-business sector reached a value of EGP 12.2 billion in fiscal year 2017/2018, up by 30.8% from EGP 9.3 billion a year earlier, according to the statistical yearbook issued by the Central …
Over 73% of UAE consumers are shopping more online for groceries
3 hours ago UAE records surge in online shopping amid COVID-19
UAE - Mubasher: A total of 73% of UAE consumers has started to shop more online since the beginning of the coronavirus (COVID-19) pandemic, according to a Mastercard study. The study referred that the e-commerce sector in the UAE has witnessed …
The move comes in continuation of SAMA’s efforts to enhance the FinTech sector.
3 hours ago SAMA licences three FinTech companies as payment institutions
Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) has licenced three financial technology (FinTech) companies as Payment Institutions (PI), bringing the total number of licenced companies to 11. Skyband and Foodics have been licenced …
Part of the contract signing ceremony.
5 hours ago IMC partners with InterSystems, adds digital services
Riyadh – Mubasher: The International Medical Center (IMC) penned a strategic partnership with creative data technology provider InterSystems to implement InterSystems TrakCare® electronic medical record system across its hospital and clinics in …
The first phase of the project extends for 66.3 kilometers
23 November 06:02 PM Egypt inks light rail transit deal with Chinese alliance
Cairo – Mubasher: Egypt’s Minister of Transport, Kamel El-Wazir, and Minister of International Cooperation, Rania El-Mashat, witnessed the signing of two agreements for the implementation of the second and third phases of the light rail …
Investors flocked to the country’s international bonds
23 November 04:26 PM International reserves help Egypt withstand COVID-19 crisis - CBE Official
Cairo – Mubasher: Egypt’s international reserves have reached unprecedented levels before the coronavirus (COVID-19) crisis thanks to economic reforms which helped the country become more resilience to shocks, the Sub-Governor of the Central Bank …
All university hospitals are ready to receive COVID-19 patients
23 November 03:11 PM Egypt allocates EGP 100m for COVID-19 research
Cairo – Mubasher: Egypt’s Ministry of Higher Education and Scientific Research has allocated about EGP 100 million to support research in an initiative that attempts to find innovative technologies and solutions to face the coronavirus (COVID-19) …
The discoveries support the UAE's plan for the next 50 years
23 November 01:29 PM UAE oil discoveries boost ADNOC's 5 million bpd capacity target by 2030
UAE - Mubasher: The UAE's new oil discoveries reflect the continued development process carried out by ADNOC to raise the production capacity to 5 million barrels per day (bpd) by 2030, the UAE Minister of Energy and Infrastructure, Suhail bin …
The UAE banks' domestic credit rose by 2.9% YoY
23 November 11:30 AM UAE banks inject AED 19bn loans to support economy in 9M
UAE – Mubasher: The banks operating in the UAE have pumped more than AED 19 billion loans into the national economy during the first nine months of 2020, according to the latest data by the Central Bank of the UAE (CBUAE). The UAE banks' domestic …
The issuance will be used to finance the country’s budget deficit
23 November 10:44 AM CBE offers EGP 9.5bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 9.5 billion on Monday on behalf of the Ministry of Finance. The CBE will offer three-year notes valued at EGP 4 billion and EGP 4.5 billion worth of …
The loans provided to the private sector decreased by 2.5% in September
23 November 09:29 AM UAE banks' loans hit AED 1.8trn in September
UAE – Mubasher: The value of loans granted by UAE banks increased by 5% to AED 1.8 trillion by the end of September 2020, compared to around AED 1.7 trillion in the same month of 2019. The loans provided to the private sector decreased by 2.5% to …
Egypt’s exports to Kenya increased to $202 million
22 November 05:30 PM Egypt-Kenya bilateral trade hits $303m in H1-20
Cairo – Mubasher: Trade exchange between Egypt and Kenya increased by 4.5% to $303 million during the first half (H1) of 2020 from $290 million in the year-ago period, the Middle East News Agency reported on Sunday, citing the Head of the …
The capital of the new projects stands at $417 million
22 November 04:47 PM Egypt’s GAFI approves 31 projects with $1.1bn investments in 9M
Cairo – Mubasher: The General Authority for Investment and Free Zones (GAFI) approved the establishment of 31 new projects during the first nine months of 2020. The investment cost of the new projects amounted to $1.1 billion with a capital of …
Sudan topped the list of importers from Egypt
22 November 03:25 PM Egypt’s exports to Nile Basin countries rise to $1.22bn in 2019
Cairo – Mubasher: Egypt’s exports to Nile Basin countries increased by 1.4% to $1.22 billion in 2019, compared to $1.20 billion a year earlier, data by the Central Agency for Public Mobilization and Statistics (CAPMAS) showed on Sunday. On the …
The investment zone will create about 77,000 jobs
22 November 02:01 PM GAFI approves Emaar Misr's EGP 40bn investment zone
Cairo – Mubasher: The General Authority for Investment and Free Zones (GAFI) approved a new investment zone for Emaar Misr for Development with EGP 40 billion worth of investments. The investment zone will create about 77,000 jobs, the Executive …
Coca-Cola has increased its investments by EGP 1 billion
22 November 01:47 PM GAFI highlights new corporate investments in Egyptian market
Cairo – Mubasher: Egypt’s Prime Minister, Mostafa Madbouly, has commended the efforts made by the General Authority for Investment and Free Zones (GAFI) in improving the investment climate in Egypt. GAFI has worked on removing obstacles facing …
The emirate's airline bookings rose by 119% QoQ
22 November 01:14 PM Abu Dhabi sees 46% QoQ higher hotel revenues in Q3-20
UAE - Mubasher: The revenues of Abu Dhabi's hotels rose by 46% during the third quarter (Q3) of 2020, when compared to the second quarter (Q2) of 2020, according to the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi). The number of …
The total investments of the UAE banks increased by 1.2% MoM
22 November 11:07 AM UAE banks invest AED 279bn in debt securities in September
UAE - Mubasher: The investments of the UAE banks in debt securities rose by 12.2% to AED 279 billion in September 2020, compared to AED 248.6 billion in the same month of 2019. On a monthly basis, the UAE banks have invested AED 279 billion in …
The issuance will be used to finance the country’s budget deficit
22 November 10:30 AM CBE offers EGP 19bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 19 billion on Sunday on behalf of the Ministry of Finance. The first tranche of the issuance will be offered through 91-day notes worth EGP 8 billion, …
Minister of Planning and Economic Development, Hala El-Saeed
19 November 05:50 PM Egypt completes EGP 5.6bn water resources projects
Cairo – Mubasher: Egypt has completed the implementation of 458 projects in water resources and irrigation sector at a total cost of EGP 5.6 billion in 25 governorates, including 204 projects at a cost of EP 3.3 billion during fiscal year …
A deal was signed to rehabilitate Cairo Metro Line 2 with EUR 1.2 million
19 November 04:59 PM Egypt secures EUR 1.6bn from EBRD to finance SMEs
Cairo – Mubasher: Egypt secured EGP 1.7 billion in funding from the European Bank for Reconstruction and Development (EBRD) since January to finance small- and medium-sized enterprises (SMEs) through local banks and sanitation projects in …
Photo Archive
19 November 04:35 PM G20 countries allocate $11trn to counter coronavirus economic impact
Riyadh – Mubasher: Saudi Arabia's Minister of Investment, Khalid al-Falih, said the kingdom’s hosting of the G20 Leaders' Summit is a firm indication of the importance of its global leadership role, state-run Saudi Press Agency (SPA) reported on …