IMF Reaches Agreement with Egypt for $2.5 Billion Disbursement

The IMF has reached a staff-level agreement with Egypt, enabling the disbursement of a $2.5 billion tranche under the Extended Fund Facility.

The International Monetary Fund (IMF) announced on Tuesday that it had reached a staff-level agreement with Egypt regarding the fifth and sixth reviews under the Extended Fund Facility. This agreement paves the way for the disbursement of $2.5 billion under the program.

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2026-01-25T13:08:48+00:00

Egypt and China Sign Agreement on Battery Cell Production

The Egyptian Cabinet's Media Center announced the signing of a strategic agreement between Egypt and China to localize the production of energy storage battery cells. This step aims to strengthen economic ties and develop the high-tech sector.

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2026-01-25T10:21:17+00:00

Egypt Cancels Customs Exemptions for Imported Phones

Head of Egyptian Customs confirms the cancellation of exemptions on imported phones, explaining it's a temporary measure to protect local industry and regulate the market, aimed at Egyptians abroad.

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2026-01-24T23:58:15+00:00

Growing Demand for Old Phones in Egypt for Gold Extraction

In Egypt, there is a growing demand for old and damaged mobile phones to extract gold from their components. Traders report rising prices for boards from broken devices, linking this to the rising cost of gold and the development of new recycling technologies. Chinese scientists have developed an innovative method that could change the industry.

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