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Financials and Investment News in Egypt

House of Representatives Approves Increasing Egypt-US Assistance Grant to $20.5 Mln
10/8/2024 - The House of Representatives approved increasing the assistance grant agreement between Egypt and the United States of America (US) regarding the climate change initiative by $5.5 million to reach $20...
Sczone to Produce Solar Panels at $1.8 Mln
10/8/2024 - Walid Gamal El-Din, chairman of Egypt’s Suez Canal Economic Zone (SCZone), witnessed the signing of the first phase of the PYRAMIDS ALU project aimed at producing solar mounting systems at Ain Sokhna ...
Egypt Among Most Important Countries Helping in Growth of African Economy
10/8/2024 - Egypt is among the most important five African countries that help in the growth of the economy of Africa with Gross Domestic Product (GDP) 348 billion dollars due to its strategic position and the re...
15,000 Tons of Goods Handled at Red Sea Ports
10/8/2024 - About 15,000 tons of goods were handled at the different Red Sea harbors, the Red Sea Ports Authority (RSPA) said.

In a statement, the Red Sea Ports Authority (RSPA) said imports included 6...
Business Sector Minister: Egypt Pays Great Attention to Developing Public Sector Companies
10/12/2024 - Minister of Public Business Sector Mohamed Shimi emphasized that Egypt pays great attention to the development of public sector companies within the New Republic era.

The minister made his ...
Transport Minister: Comprehensive Plan to Develop Transport System
10/12/2024 - Deputy Prime Minister for Industrial Development and Minister of Transport and Industry Kamel el Wazir 4 said that the Transport Ministry has a comprehensive plan to develop the transport system, topp...
Egypt Announces Hosting 12th Edition of The World Urban Forum on November 4-8
10/13/2024 - Cabinet held a press conference at the government headquarters in the New Administrative Capital, to announce Egypt's hosting of the 12th edition of the World Urban Forum.

The event was att...
Egypt, EU Launch €7M Green Facility to Support Green Transition
10/13/2024 - During Cairo Water Week, Minister of Planning and Economic Development, Rania Al-Mashat, and EU Ambassador, Christian Berger, signed the €7 million European Green Facility initiative.

This ...
Housing Minister Highlights Success in Addressing Urban Challenges
10/13/2024 - Minister of Housing Sherif El-Sherbini stated that Egypt has successfully found solutions to the chronic issues that have plagued urban development.

This came during the press conference a...
Cairo Hosts IGU Sustainability Workshop Focused on Emissions Reduction, Energy Transition
10/13/2024 - Within the framework of cooperation and experience sharing between the Ministry of Petroleum and Mineral Resources (MoPMR) and international institutions in the fields of sustainability and emissions ...
Sczone Head: We Aim to Attract More Chinese Investments in 21 Industrial Sectors
10/13/2024 - Chairman of the General Authority for Suez Canal Economic Zone (SCZone) Walid Gamal El Din said during a recent promotional tour of China the zone succeeded in attracting Chinese investments that exce...
Egypt, Netherlands Sign Mou to Enhance Cooperation in Water Management And Climate Change Adaptation
10/14/2024 - As part of the seventh Cairo Water Week, Egypt and the Netherlands have signed a memorandum of understanding (MoU) aimed at bolstering cooperation in water management and climate change adaptation.
Prime Minister Chairs Fiscal and Monetary Policy Coordinating Council Meeting
10/14/2024 - Prime Minister Moustafa Madbouly chaired a meeting this evening of the Coordinating Council for Fiscal and Monetary Policies to discuss several priority economic issues.

Attendees included...
Egypt, Greece Probe Developments of Electrical Interconnection Project
10/14/2024 - Egyptian Minister of Electricity and Renewable Energy Mahmud Esmat discussed with Greek Minister of Environment and Energy Theodoros Skylakakis and his accompanying delegation the latest developments ...
PM: No Fuel Price Increases Until The End of 2025 if Global Price Stabilizes
10/19/2024 - Prime Minister Mostafa Madbouly announced that, following the recent increase in fuel prices, if global prices stabilize at an average of $73 per barrel, there will be no further hikes until the end o...
Egypt's Consul General in Melbourne Probes Cooperation in Water Management
10/19/2024 - Egypt's Consul General in Melbourne Haitham Mokhtar visited Shepparton city, which is located 200 kilometers away from central Melbourne, Australia, for talks on cooperation in the domain of water man...
PM: New Road Network Contributes to Boosting Investments
10/19/2024 - Prime Minister Moustafa Madbouli said the new road network built recently in Egypt has contributed to luring more investments.

At a press conference on Saturday 19/10/2024 following an insp...
Agriculture Ministry: Egypt's Agro-Exports Hit 6.9 Million Tons in 10 Months
10/19/2024 - Egypt's agricultural exports have surpassed 6.9 million tons between January 1st - October 16, to reach 4.37 billion dollars, the Ministry of Agriculture and Land Reclamation announced .

Th...
Egyptian Ambassador to Senegal Urges Promoting Economic, Trade, Investment Relations
10/19/2024 - Egyptian Ambassador to Senegal Khaled Aref emphasized the necessity of promoting bilateral economic, trade and investment relations, through harmonizing efforts of the foreign ministries and relevant ...
PM: Sewage Projects Top Priority for Decent Life Agenda
10/19/2024 - Prime Minister Moustafa Madbouli said that sanitation projects represent a top priority on the agenda of the presidential initiative Decent Life.

Madbouli said the state seeks the expansion...

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