}

Kuwait extends $2B deposit with CBE by one year

Kuwait has extended a $2 billion deposit with the Central Bank of Egypt (CBE) for an additional year, the CBE noted in the “External Position of Egyptian Economy” report.

Egypt in talks with Volkswagen on EV production, local manufacturing expansion

Minister of Industry Khaled Hashem discussed with a delegation from Germany-based automaker Volkswagen the company’s plans to expand its automotive manufacturing operations in Egypt in the coming period.

Do you support implementing two days of remote work instead of one to rationalize energy consumption?