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PM: Economic Reforms Based on Several Sectors Topped By Industry
Egypt >> 5/18/2024 - Prime Minister Mostafa Madbouli said that the state is working on promoting the local industry as well as localization of various industries, in line with the underway economic reform measures carried...
PM: Egypt Aims to Become Regional Industrial Hub
Egypt >> 5/18/2024 - Prime Minister Mostafa Madbouly on Saturday 18/05/2024 toured the Kom Abu Radi and Bayad Al-Arab industrial zones in Beni Suef.

Following this, he visited the Technology Village to engage ...
PM: Egypt’s Entrepreneurship Sector Attracts Over $2B in Investments During Past 4 Years
Egypt >> 5/18/2024 - Prime Minister, Mostafa Madbouly, announced that the entrepreneurship sector in Egypt has attracted investments exceeding $2 billion over the past four years.

Emphasizing Egypt’s commitment...
Egypt Raises Training Budget to LE 1.7B In 34-Fold Increase Over Past 5 Years
Egypt >> 5/18/2024 - Egypt's Minister of Communications and Information Technology (MCIT), Amr Talaat, highlighted the role of Egypt's Digital Creativity Centers in empowering entrepreneurs to acquire technical, economic,...
11,000 Tons of Goods Handled at Red Sea Ports
Egypt >> 5/14/2024 - About 11,000 tons of goods were handled at the different Red Sea harbors, the Red Sea Ports Authority (RSPA) said.

In a statement, the RSPA said the imports included 3,000 tons of goods, 28...
Military Production Min. Asserts Significance of Luring Fresh Investments
Egypt >> 5/14/2024 - Minister of State for Military Production Mohamed Salah El Dien Mostafa asserted the importance of attracting fresh investments for the benefit of entering into partnerships in various domains, whethe...
Int’l Cooperation Min. Named Vice-Chair of EBRD Annual Meetings
Egypt >> 5/14/2024 - Minister of International Cooperation and Governor of Egypt at the European Bank for Reconstruction and Development (EBRD) Rania al Mashat, has been chosen for the first time ever as vice-chair of the...
Green Growth Summit to Drive Sustainable Transition in Egypt, MENA
Egypt >> 5/13/2024 - Hivos, an international cooperation organization, is set to host the highly-anticipated Green Growth Summit in Cairo on 14 May following the success of its recent summit in Tunisia.

The sum...
Egypt to Host Joint Annual Meetings of Arab Financial Entities in New Administrative Capital
Egypt >> 5/13/2024 - Egypt will host the Joint Annual Meetings of Arab Financial Institutions set to take place in the New Administrative Capital on May 22.

The decision reflects Egypt's commitment to supporti...
Planning Minister Participates in IFC Day
Egypt >> 5/13/2024 - Today, the private sector is no longer just an engine of growth, but a critical partner in achieving SDGs. Forward-thinking economies are recognizing the power of innovation to tackle challenges, and ...
PM Affirms Desire to Accelerate Boosting Share of Private Sector in Economy
Egypt >> 5/12/2024 - Prime Minister Mostafa Madbouli said that the Egyptian government has a real desire to accelerate extending the participation of the private sector in the economy.

The premier made the rema...
Egypt, IFC Ink Two Agreements to Support Msmes, Healthcare
Egypt >> 5/12/2024 - Banque du Caire and the International Finance Corporation (IFC), a member of the World Bank Group, signed a financing agreement worth $100 million.

The agreement includes $50 million to sup...
PM Discusses Ways of Boosting Inbound Tourism With Public, Private Sectors
Egypt >> 5/12/2024 - Prime Minister Mostafa Madbouli convened a meeting that brought together several investors from the tourism sector, to deliberate on crafting a national vision aimed at enhancing inbound tourism to Eg...
Egypt Is Among Largest Countries of Operations for IFC
Egypt >> 5/12/2024 - Minister of International Cooperation Rania Al-Mashat affirmed that the relationship with the International Finance Corporation (IFC) has facilitated approximately $9 billion in financing and investme...
PM Says Egypt Successfully Handles Consequences of Reforms
Egypt >> 5/12/2024 - Prime Minister Mostafa Madbouli has underscored efforts exerted by Egypt to radically solve problems and overcome consequences of reform measures.

Addressing the International Finance Corpo...
Minister Mashat, Dutch Amb Talk Join Work Files, Follow Up on Mutual Projects
Egypt >> 5/8/2024 - Egyptian Minister of International Cooperation, Dr. Rania Al-Mashat, held a bilateral discussion session with Ambassador Peter Mollema, the Dutch Ambassador to Cairo, to discuss joint work files and f...
Egyptair Announces 50% Discount on Int'l Flights
Egypt >> 5/8/2024 - On the occasion of EgyptAir's 92nd anniversary, the national carrier of Egypt has announced that it will offer its valued customers a 50 per cent discount on all international flights.

The ...
Egypt Ready to Share Its Extensive Urban Development Experience With Oman: Housing Min
Egypt >> 5/8/2024 - Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said Egypt is ready to share its extensive urban development experience with the Sultanate of Oman, and promote joint fruitful coo...
32nd Session of Egyptian-Jordanian Joint Higher Committee Kicks Off in Cairo
Egypt >> 5/7/2024 - The 32nd session of the Egyptian-Jordanian Joint Higher Committee kicked off in Cairo, the Ministry of International Cooperation announced.

The committee, which runs through, is a the key m...
Egypt’s Tourism, Suez Canal Revenues Could Shrink By $13.7 Bln
Egypt >> 5/7/2024 - Revenues from Egypt’s tourism sector and Suez Canal in the current FY2023/2024, which ends on 30 June, and the upcoming FY2024/2025 could shrink by up to $13.7 billion the United Nations Development P...
Dollar Exchange Rate Stable at Start of Tuesday's Transactions
Egypt >> 5/7/2024 - The dollar exchange rate was stable at the start of transactions at Egypt's major banks.

At the National Bank of Egypt (NBE), Banque Misr and the Commercial International Bank (CIB), the do...
Egypt Hosts Nearly 9 Million Foreigners Despite Economic Challenges: Asst. FM
Egypt >> 5/7/2024 - Despite economic challenges, Egypt is exerting strenuous efforts for hosting nearly nine million foreigners and over 570,000 asylum seekers from 133 countries, Wael Badawi, Deputy Assistant Minister o...
Is EGX Poised to Rebound in May After April’s Losses?
Egypt >> 5/6/2024 - Some hope that Egypt’s Stock Exchange (EGX) will regain in May the heavy losses incurred in April in response to the geopolitical tensions in the region along with other local developments.

...
US Federal Reserve Keeps Interest Rates at 23-Year High
Egypt >> 5/2/2024 - The US Federal Reserve held interest rates steady for a sixth straight meeting, keeping the level at a 23-year high to fight stubborn price increases.

After a two-day gathering, the centra...
Egypt Launches First Integrated Waste Management City in The Middle East
Egypt >> 5/2/2024 - Egypt is setting a benchmark in the region with the development of its first integrated waste management city in the Middle East, located in the 10th of Ramadan City.

This pioneering projec...
Egypt, UK Strengthen Investment And Trade Relations Through Mou Signing
Egypt >> 5/2/2024 - The General Authority for Investment and Free Zones of Egypt (GAFI) and the British Foreign Ministry have signed a memorandum of understanding (MoU) to strengthen investment and trade relations betwee...
Egypt to Apply Capital Gains Tax Starting 2025
Egypt >> 5/1/2024 - Egypt has decided to apply the capital gains tax on shares and stakes listed in the Egyptian Stock Exchange (EGX) starting from the tax season of March/April 2025, through the Egyptian Clearing Compan...
Madbouli Witnesses Inking of Land Deals to Implement 2 Electricity Projects in Sohag
Egypt >> 5/1/2024 - Prime Minister Moustafa Madbouli witnessed a ceremony for inking two land hand-over minutes to implement two projects of establishing stations for generating electricity from wind energy in the west o...
Cabinet Weekly Discusses Number of Important Files
Egypt >> 5/1/2024 - The Cabinet started its weekly meeting under Prime Minister Mostafa Madbouli at the government headquarters in the New Administrative Capital (NAC) to discuss a number of political, economic and socia...
Cabinet Approves Amendments to Several Agreements With Us, Eu
Egypt >> 5/1/2024 - The cabinet under Prime Minister Moustafa Madbouli approved a number of draft presidential decrees introducing amendments to several agreements with the US and the European Union.

Among tho...
Egypt Appreciates Developmental Role of Japanese Investments - Minister
Egypt >> 4/29/2024 - Minister of Finance Mohamed Maait hailed the developmental role of Japanese investments in Egypt.

Egypt looks forward to deepening economic and trade cooperation with Japan to achieve susta...
SCZONE Head Meets Indonesian Trade Delegation
Egypt >> 4/29/2024 - Chairman for the General Authority of Suez Canal Economic Zone (SCZONE) Walid Gamaleddin Monday discussed with a delegation from the Indonesian Ministry of Trade and Industry ways of joint cooperation...
MSMEDA Partners With Alkhair Microfinance to Empower Micro-Projects With EGP 30M
Egypt >> 4/29/2024 - The Micro, Small and Medium Enterprises Development Agency (MSMEDA), signed a contract to provide financial support to micro-projects with AlKhair Microfinance Company, with a total value of EGP 30 mi...
"Decent Life" Sends Gaza 503 Aid Trucks Worth LE530M
Egypt >> 4/29/2024 - The Decent Life Initiative, targeting to develop the Egyptian countryside, took part in donating humanitarian aid to Gaza Strip enduring Israeli shelling since October by sending 503 trucks to the enc...
Mashat Highlights Investing in Human Capital Importance
Egypt >> 4/29/2024 - During the special meeting of the World Economic Forum (WEF) held in the Saudi capital, Riyadh, Minister of International Cooperation, Rania Al-Mashat, emphasized the significance of investing in huma...
IFC’s Banking Finance Network Upgrades Egypt’s Performance to ‘Advancing’
Egypt >> 4/28/2024 - The Sustainable Banking and Finance Network (SBFN) - an initiative of the International Finance Corporation (IFC) - has upgraded Egypt's classification from "Developing-Advancing" to "Advancing" in it...
FACTBOX: Key Targets of Egypt’s FY2024/2025 Budget Plan
Egypt >> 4/28/2024 - Egypt’s budget plan for the upcoming FY2024/2025 comes in line with the government commitments to the International Monetary Fund (IMF) under the fund’s loan programme for the country.

The ...
CBE to Cut Interest Rates By 2% in May; Inflation to Decrease to 20% By End of 2024: Goldman Sachs
Egypt >> 4/23/2024 - The Central Bank of Egypt (CBE) is expected to cut the key interest rates in May by two percent (200 bps), based on its view of inflation decreasing to 20 percent by the end of 2024, the US-based inve...
Initiative to Attract European Investments into Egypt
Egypt >> 12/22/2012 - Egypt has decided to boost economic cooperation with Spain and the Czech Republic which includes increasing trade and investments, said Minister of Industry and Foreign Trade Hatem Saleh during talks ...

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