Egypt has launched an e-platform for the establishment of new companies in a concerted effort to eliminate barriers hindering potential investors and ensure the realization of “investment leaps.” Prime Minister Mostafa Madbouly witnessed a live demonstration on Wednesday of the first company to be founded electronically. The Damietta Company for Green Ammonia was electronically registered via the digital platform of the General Authority for Investment and Free Zones (GAFI).
CAIRO, Sept. 3 (Xinhua) The Egyptian economy grew by 6.6 percent year-on-year to 7.9 trillion Egyptian pounds (about 410.2 billion U.S. dollars) in the fiscal year 2021-2022, the Egyptian cabinet said Saturday.
CAIRO－By hiking interest rates four times in a row this year, the US Federal Reserve halted its ultraloose monetary policy that had been in place for years, forcing countries in the Middle East to struggle for financial resilience in the face of various domestic and international challenges.