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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...
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: 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...
Fitch Ratings Revises Outlook of Four Egyptian Banks to Positive
Egypt >> 5/19/2024 - Fitch Ratings has revised its outlook on four Egyptian banks to positive from stable, affirming their long-term issuer default ratings at B-, the US-based credit rating agency announced .

T...
Egypt's Exclusion from ILO's Observations List Reflects Commitment to Workforce Welfare: Minister
Egypt >> 5/19/2024 - Minister of Labor Hassan Shehata has highlighted that Egypt's absence from the International Labor Organization's (ILO) observations list for 2024 signifies the country's dedication to providing enhan...
Egypt's General Healthcare Authority, JICA Sign Cooperation Protocol
Egypt >> 5/19/2024 - Chairman of the General Healthcare Authority Ahmed Sobky witnessed, the inking of a cooperation protocol between the authority and the Japan International Cooperation Agency (JICA) on financing a Japa...
Global Inflation Raises Egypt’s Import Bill By $4 Bln Monthly: Finance Minister
Egypt >> 5/20/2024 - The global inflationary wave has raised Egypt's import bill by $4 billion per month due to the rise in global prices, increased shipping costs, and exchange rate fluctuations, Minister of Finance Moha...
Planning Minister: Success of Sugar Company Result of Cooperation Among Stakeholders
Egypt >> 5/25/2024 - Minister of Planning and Economic Development and Egypt's Governor at the Islamic Development Bank (IsDB) Group, Dr. Hala El-Said has said the success story of the Al Sharkeya Sugar Manufacturing Comp...
Egypt Automates Real Estate Tax System to Improve Services Quality
Egypt >> 5/25/2024 - Minister of Finance Dr. Mohamed Maait confirmed that a project to develop and automate the real estate tax system was launched in cooperation with the tax solutions operating technology company E-Tax,...
Petroleum Minister: New Expansions in Refineries to Increase Production, Link Depots Digitally
Egypt >> 5/25/2024 - Petroleum Minister Tarek el Mulla asserted that the strategy of the petroleum sector prioritizes applying digital transition programs as part of the project of developing and upgrading the sector that...
Trade Ministry Denies Suspending Release Of Personal-Use Vehicles
Egypt >> 5/25/2024 - Ministry of Trade and Industry refuted reports claiming that a ministerial decision has suspended the release of cars imported for personal use for three months.

In a statement, the ministr...
Planning Minister: Success of Sugar Company Result of Cooperation Among Stakeholders
Egypt >> 5/25/2024 - Minister of Planning and Economic Development and Egypt's Governor at the Islamic Development Bank (IsDB) Group, Dr. Hala El-Said has said the success story of the Al Sharkeya Sugar Manufacturing Comp...
ECA Announces Implementation of Ex-Ante Merger Control System Starting from June 2024
Egypt >> 5/26/2024 - The Egyptian Competition Authority (ECA) has announced the implementation of an ex-ante merger control system starting from June 2024.

This was revealed by the Chairman of the ECA, Mahmoud...
PM Asserts Increasing Amount of Commodities at Suitable Prices
Egypt >> 5/26/2024 - Egypt’s Prime Minister Moustafa Madbouli underlined the government’s keenness on increasing the amount of all staple commodities and meat which are available at cooperatives nationwide at suitable pri...
Udf Contributes to Establishment of Craftsmen Neighborhood, Says Minister
Egypt >> 5/26/2024 - Egyptian Trade and Industry Minister Ahmed Samir said that the Urban Development Fund (UDF) had contributed to the establishment of a craftsmen neighborhood in Monshaat Nasser.

Extending ov...
GAFI Promotes Dutch Investment in Egypt During World Hydrogen Summit
Egypt >> 5/26/2024 - The General Authority for Investment and Free Zones (GAFI) is actively courting Dutch investment in the green hydrogen sector. GAFI's CEO, Hossam Heiba, is currently on a promotional tour to the Nethe...
Egypt-Italy Agrees to Explore A 4th Phase of Intercountry Debt Swap Program
Egypt >> 5/26/2024 - The Ministry of International Cooperation (MoIC) revealed that, during a meeting between Minister Rania Al Mashat and the Italian Ambassador to Cairo, Michele Quaroni, the two countries have agreed to...
Egypt, Iraq Discuss Cooperation in Drug Export, Registration
Egypt >> 5/26/2024 - Health and Population Minister Khaled Abdel Ghaffar discussed, with his Iraqi counterpart Saleh Mehdi Al Hasnawi ways of boosting cooperation in drug export and registration.

Abdel Ghaffar ...
SCEZONE Inks Usufruct Contract With Turkish Company Worth $40 Mln
Egypt >> 5/28/2024 - The Suez Canal Economic Zone (SCEZONE) announced inking a land usufruct contract of 65,000-square-meter area with the Turkish company of Eroglu Egypt for ready-made clothes at investments worth $40 mi...
Electricity Ministry tO OPEN 252 Mw Gulf oF Suez WIND POWER PLANT
Egypt >> 5/28/2024 - Minister of Electricity and Renewable Energy Mohamed Shaker will attend the inauguration of the 252 MW Gulf of Suez wind power plant project in in Red Sea governorate, under the auspices of Prime Mini...

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