The Board of Directors of the National Veal Project, led by ElSayed ElKosayer, the Minister of Agriculture and Land Reclamation, has approved the allocation of EGP 139.348m for 95 beneficiaries. These beneficiaries include small breeders and college (...)
Egypt's Minister of Social Solidarity, Nevine El-Qabbaj, and Senegal's Minister of Microfinance and Social and Solidarity Economy, Alyone Diop, met in Cairo to discuss cooperation in social investment to increase employment opportunities for women (...)
Egypt's hosting of EBRD meetings is extension of its leadership in organising many international events, most notably COP27: Al-Mashat
Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the European Bank for (...)
Hassan Ghanem, CEO and Managing Director of the Housing and Development Bank (HDB), emphasizes the bank's unwavering dedication to supporting women—a critical pillar for sustainable development. Aligned with the state's vision and the Central Bank (...)
The National Bank of Egypt (NBE) and the Commercial International Bank (CIB) were honoured with three awards during the thirty-third session of the European Bank for Reconstruction and Development (EBRD) annual meetings in Yerevan, Armenia.
Best (...)
Khaled Abu Al-Makarem, Chairperson of the Chemical and Fertilisers Export Council (CEC), has affirmed a surge in investment across various industrial sectors shortly. This positive outlook is driven by recent governmental initiatives aimed at (...)
Prime Minister Mostafa Madbouly embarked on an inspection tour of various industrial and technological projects in Beni Suef. Upon arriving at the Kom Abu Radi industrial zone, the Prime Minister emphasized the current focus on industrial (...)
Negotiations between the Sudanese army and the Sudan People's Liberation Movement-North (SPLM-N) over humanitarian aid delivery to conflict-affected areas have stalled, with a resumption scheduled for Saturday. The talks, held in Juba under the (...)
The Al-Qassam Brigades, the military wing of the Islamic Resistance Movement (Hamas), announced on Saturday that it successfully lured an Israeli force and detonated a bomb, resulting in the deaths of five soldiers and injuries to others. The (...)
Egypt's Minister of Health and Population, Khaled Abdel Ghaffar, underscored the state's dedication to creating a comprehensive strategy for advancing the nursing sector. This commitment extends to supporting and training medical personnel, ensuring (...)
Egypt has allocated EGP 9.7bn in public investments to the Suez Governorate for the fiscal year 2023/24, according to Minister of Planning and Economic Development Hala El-Said. The investments will fund 189 development projects across various (...)
Prime Minister Mostafa Madbouly presided over the signing ceremony of a land receipt record for a monumental wind energy project west of Sohag. This initiative, boasting a capacity of 10 gigawatts, is propelled by foreign direct investments (FDIs) (...)
Beyon Solutions, a subsidiary of Beyon Group, has agreed to acquire a controlling stake in Link Development, a leading regional provider of digital transformation software solutions operating in Egypt, Saudi Arabia, and the UAE.
The acquisition, (...)
The Korean Cultural Centre in Egypt will celebrate its 10th anniversary with "K-Movement," a week-long cultural festival showcasing the best of South Korean dance, music, and art. The event, which runs from May 18th to 24th, will kick off with an (...)
Egypt is exploring the merger of its Petroleum and Electricity and Renewable Energy ministries into a single entity, Mohamed Fouad, Secretary General of the Egyptian Gas Association revealed on Wednesday.
Speaking at the Invest in African Energy (...)
Bassel Rahmi, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), recently held discussions with Alyoune Dion, Senegal's Minister of Microfinance, Social Economy, and Solidarity. The talks focused on fostering cooperation (...)
Minister of Transport Kamel Al-Wazir oversaw on Wednesday the commencement of the trial operation with passengers for a segment of the third phase of Cairo Metro Line 3. This section spans 7.1 kilometres, connecting Al-Tawfiqia station to Cairo (...)
Orascom Development Egypt (ODE) has commenced the year with strong financial results, reporting a revenue of EGP 4.2bn in the first quarter (Q1) of 2024, marking a year-over-year (y-o-y) increase of 41.4%.
The company's gross profit rose by 29.4% (...)
Contact Financial Holding, Egypt's leading non-banking financial services provider, reported a robust performance in the first quarter of 2024, with total operating income reaching EGP 443m. The group's total financing portfolio grew to EGP 20.9bn, (...)
France has declared a state of emergency and deployed troops to its overseas territory of New Caledonia following violent protests over a proposed voting rights bill.
The unrest began in the capital, Noumea, on Monday and escalated despite the (...)
Egypt refused Israel's request to open the Egyptian borders to Gaza residents, Reuters reported on Wednesday. This came in line with Cairo's firm stance against Israeli attempts to displace Palestinians.
Meanwhile, Senior Israeli officials expressed (...)
Egyptian President Abdel Fattah Al-Sisi embarked on Wednesday for the Kingdom of Bahrain to attend the thirty-third summit of the Arab League, hosted in Manama.
The Presidency's spokesperson, Ahmed Fahmy, announced that the summit's agenda includes (...)
Rania Al-Mashat, Egypt's Minister of International Cooperation, met with Odile Renaud Basso, President of the European Bank for Reconstruction and Development (EBRD), to discuss preparations for the upcoming Egypt-EU investment conference and the (...)
Pakistan delivered its seventh consignment of humanitarian aid to the Egyptian Red Crescent on Wednesday, destined for onward distribution to Palestinians in Gaza.
The shipment, which arrived at Port Said, includes essential food, medicine, hygiene (...)
Egypt has received a $14bn second tranche of the Ras El-Hekma development deal from the United Arab Emirates (UAE), Prime Minister Mostafa Madbouly announced on Wednesday.
In addition to the $14bn, the UAE has agreed to relinquish a $6bn deposit at (...)