Egyptian President Abdel Fattah El-Sisi issued Decree No. 371 of 2024, approving $2 million grant agreement provided by the African Development Bank (AfDB)

Egyptian President Abdel Fattah El-Sisi has issued a presidential decree to reconstitute the board of directors of the Arab Contractors Company, headed by Ahmed El Assar

The Egyptian President Abdel Fattah El-Sisi has granted his final approval for the amendments to the Unified Public Finance Law.

The recently approved social protection package by President Abdel Fattah El-Sisi amounts to EGP 180 billion, Minister of Finance Mohamed Maait stated during the Egypt Annual Tax Seminar hosted by PwC on February 8th.

The Egyptian President Abdel-Fattah El-Sisi has issued a decree approving a loan worth $500 million from Deutsche Bank and the Arab Banking Corporation (ABC) to the Ministry of Finance.

President Abdel-Fattah El-Sisi has met with the International Monetary Fund's (IMF) Managing Director Kristalina Georgieva on the sidelines of COP28 in Dubai to review cooperation between Egypt and IMF.

Egyptian President Abdel Fattah El-Sisi has met with his Emirati counterpart Sheikh Mohammed bin Zayed to bolster bilateral relations at several levels.

Egyptian banks will provide the required dollars to clear a backlog of goods piled up at ports due to the shortage of hard currency since the beginning of 2022, Asharq Business reported on December 26th, quoting President Abdel Fattah El-Sisi. Egypt will not reduce spending on national projects to ease pressure on USD reserves, El-Sisi added during the inauguration of two medical and industrial gases factories and a tri-generation power plant in the Abu Rawash Chemicals Complex in Giza.

President Abdel Fattah El-Sisi issued a decree renewing the tenure of Mohamed Abdel Aziz Baraya as Vice Chairman of the Suez Canal Economic Zone (SCZone) for the Northern Region, according to a statement by eh Suez Canal Authority (SCA) on January 7th. The President appointed Walid Youssef Morsi as SCZone's Vice Chairman for the Southern Region.

President Abdel Fattah El-Sisi ordered the government to proceed with the implementation of the development strategy of the Suez Canal, according to a statement by the Egyptian presidency on January 2nd. The strategy aims at enhancing the canal’s unique position as a waterway on which the global trade movement depends, and as one of the tributaries supporting the national economy.

Arab Finance: President Abdel Fattah El-Sisi directed the government to make the supply price of wheat rewarding for farmers in a way that achieve an adequate economic return for them, according to a statement by the Spokesman for the Egyptian Presidency on January 10th. President Abdel Fattah El-Sisi met with top officials to address the food security system and the position of the strategic reserve of basic food commodities in the country, the statement added.

A total of 300,000 tons of wheat have been traded on the Egyptian Mercantile Exchange (EMX) since November 28th, 2022, Head of the Internal Trade Development Authority (ITDA) Ibrahim Ashmawy told the Middle East News Agency (MENA) on January 16th.

Egyptian President Abdel Fattah El-Sisi has directed to intensify efforts to localize complementary industries for the production of new and renewable energy, including green fuel, the Egyptian Presidency reported on January 16th.

President Abdel Fattah El-Sisi has arrived on January 18th in the UAE to participate in a summit being held in Abu Dhabi that brings together the leaders of Egypt, Jordan, and the GCC states, President spokesperson Bassam Rady announced.

President Abdel Fattah El-Sisi revealed that the state no longer faces a problem with the US dollar, highlighting the resilience of the Egyptian economy to withstand global challenges, Asharq Business reported on January 19th.

President Abdel Fattah El-Sisi welcomed Italian Foreign Minister and Deputy Prime Minister Antonio Tajani in Cairo, where they probed possible means of bolstering joint trade and investment relations, according to a statement by the presidency on January 22nd.

Egypt's imports of Ukrainian wheat decreased in 2022 by 71% to 918,000 tons, Head of Central Administration of Plant Quarantine at the Ministry of Agriculture and Land Reclamation Ahmed Kamal El-Attar told Asharq Business on January 22nd.

Egypt is reinforcing cooperation with Italy to facilitate the exporting process of liquefied natural gas (LNG) to the European markets, Minister of Petroleum and Mineral Resources Tarek El-Molla told Asharq Business in an interview on January 23rd.

Egyptian Prime Minister Mostafa Madbouly chaired on Thursday, January 19th, the first meeting of the higher committee on implementing the State Ownership Policy Document, according to a statement by the cabinet.