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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economy
Egypt, France sign strategic partnership agreements in key sectors
Agreements focus on transportation, health, and education
Banking & Finance
Egypt’s banking sector net foreign assets rise by $1.5 billion to $10.17 billion in February
Total foreign assets of the banking sector reached EGP3.653 trillion
Economy
Egyptian pound plummets to record low as dollar jumps 2 percent following Trump tariffs
The exchange rate closed at EGP51.19 to $1, up from EGP50.66
Economy
Egypt’s construction sector thriving despite PMI mild contraction in March
The Purchasing Managers' Index fell to 49.2 from 50.1 in February
Hospitality & Tourism
ATM 2025 sees 104 percent increase in registrations, 52 percent from international markets
UAE and GCC accounted for 48 percent of registrations
Logistics
Emirates enhances delivery with launch of Courier Express
The move aims to create a service that is fast, reliable, and flexible
Banking & Finance
EU approves $4.4 billion and $539.5 million loans for Egypt, Jordan
The Parliament approved macro-financial assistance to Egypt: 452 votes for, 182 against, 40 abstained
Hospitality & Tourism
Emirates expands retrofitted Boeing 777 service to eight new cities
Airline aims to serve 44 cities with its fleet of refurbished Boeing 777 and Airbus A380 aircraft by September 2025
Egypt
Eid al-Fitr holiday: Egypt Cabinet announces official dates for public, private sectors
This holiday is for government employees celebrating Eid across various public sector entities
Economy
UAE, Egypt presidents discuss strengthening ties through developmental and economic collaboration
President El-Sisi held Ramadan Iftar banquet in honor of the UAE president
Banking & Finance
Egyptian banks report record profits of $10.6 billion in 2024
The net return for banks rose to EGP915 billion in 2024, up from EGP582.5 billion
Logistics
DP World launches deep-water port project in Congo
This collaboration marks a key milestone in the Banana Port project, transforming trade and boosting DRC’s economy
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