Ahmed Kouchouk, Egypt's Minister of Finance, has announced that local sukuk issuances are scheduled for the first half of the current fiscal year, as part of broader efforts to diversify financing tools and stimulate economic activity. He also (...)
A high-level delegation from the Suez Canal Economic Zone (SCZONE), headed by Chairperson Walid Gamal El-Din, has held discussions in Tokyo with Toyota Tsusho over the expected inauguration date of the new roll-on/roll-off (Ro-Ro) car terminal at (...)
Egypt recorded its highest-ever primary budget surplus in fiscal year 2024/2025, reaching EGP 629bn ($13.2bn), equivalent to 3.6% of GDP, the presidency announced on Saturday. The figure represents an 80% increase compared with the previous year, (...)
Egypt's Prime Minister Mostafa Madbouly on Wednesday witnessed the signing of an agreement between China's Sailun Group and TEDA Egypt to establish a major tire manufacturing plant in the Suez Canal Economic Zone (SCZONE). The ceremony, held at the (...)
Chairperson of the Suez Canal Economic Zone (SCZONE), Walid Gamal El-Din, on Tuesday received Rita Herencsár, Ambassador of Hungary to Cairo, at the Authority's headquarters in Ain Sokhna.
The official visit aimed to explore avenues for cooperation (...)
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), signed a partnership agreement this morning with Fan Yun, Chairperson of China's Changzhou Ramada, to establish a textile manufacturing facility at the Qantara West Industrial (...)
The Egyptian Commercial Service (ECS) in Moscow recently held a high-level meeting with Nonna Kagramanyan, Vice President of Business Russia, along with representatives from the association and several major Russian companies, to explore ways to (...)
United Bank has participated with EGP 600m in a syndicated long-term loan worth EGP 6.2bn, arranged by a consortium of six banks led by Banque Misr, to finance part of the Mountain View 1.1 project's EGP 14.4bn investment cost. The facility has a (...)
Suez Canal Bank has reported a sharp rise in profitability for the first half of 2025, with net profits reaching EGP 3.1bn in June—up 71% from EGP 1.8bn a year earlier.
CEO and Managing Director Akef El Maghraby said the performance was supported by (...)
أصدرت جامعة الإسماعيلية الجديدة الأهلية بيانا رسميا بشأن القبول المبدئي للدفعة الأولى من الطلاب الأعلى مجموعًا بكليات الطب وطب الأسنان والعلاج الطبيعي والصيدلة بجامعة الإسماعيلية الجديدة الأهلية.
واعلنت جامعة الإسماعيلية الجديدة الأهلية عن صدور (...)
Egyptian President Abdel Fattah Al-Sisi has said the Arab world has faced exceptional challenges since 2011, stressing that Egypt's foreign policy is rooted in balance, non-interference, and respect for the sovereignty of states.
Speaking during a (...)
The Ismailia Free Zone has secured new investments from nine Chinese and Turkish companies, with a combined value of $41.6m. The projects cover textiles, ready-made garments, protective and sportswear, and the manufacture of spare parts for heating (...)
Qawafil Developments has launched its latest project, Tri-Hub, a 6,000 sqm mixed-use urban complex in New Cairo, with targeted sales of EGP 2.8bn.
Located near the Southern 90th Axis and surrounded by major universities and densely populated areas, (...)
A high-level delegation from the Zhejiang Federation of Industry and Commerce (ZFIC), led by Vice President Jin Min Xiang, visited the Suez Canal Economic Zone (SCZONE) on Tuesday to explore investment opportunities in Egypt's strategic logistics (...)
Prime Minister Mostafa Madbouly chaired a meeting on Sunday at the government headquarters in the New Administrative Capital to review a project designed to harness Egypt's abundant kaolin sand deposits and maximise their added value.
The meeting (...)
تنسيق الجامعات الأهلية في مصر 2025-2026.. بالتزامن مع بدء تنسيق المرحلة الأولى للثانوية العامة 2025، يبحث العديد من الطلاب وأولياء الامور عن تنسيق الجامعات الأهلية للعام الدراسي المقبل، والمصروفات وشروط القبول، وكافة التفاصيل اللازمة للالتحاق (...)
Egypt's Suez Canal Economic Zone (SCZone) has secured contracts worth $8.6bn for 297 industrial, service, logistics, and port projects since the start of the 2022/2023 fiscal year, its chairman said on Monday.
In a meeting with Prime Minister (...)
Waleid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), met with Ricardo Icaza, Ambassador of Panama to Egypt, on Tuesday at the SCZONE headquarters in the New Administrative Capital. The meeting focused on deepening cooperation (...)
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), met with Ambassador of Singapore to Cairo, Dominic Goh, on Monday at the SCZONE headquarters in the New Administrative Capital. The meeting focused on strengthening bilateral (...)
Egyptian Prime Minister Mostafa Madbouly has reviewed a report on the responses of the unified government complaints system to a number of cases in various sectors, his office said in a statement.
Madbouly directed that complaints and appeals from (...)
Waleid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), met Sunday with a high-level Chinese trade delegation at the Authority's headquarters in the New Administrative Capital. The delegation was led by Li Xin, Vice President of (...)
Minister of Public Enterprises Sector Mohamed El-Shimy reviewed the implementation steps to restart the carbon anode block factory in Ain Sokhna, following a shutdown of over two years. The initiative comes under an agreement signed around six (...)
Egypt's balance of payments recorded an overall deficit of $1.9bn in the first nine months of the 2024/2025 fiscal year, swinging from a $4.1bn surplus a year earlier, the central bank said on Monday.
The shift was mainly driven by a drop in capital (...)
The Suez Canal Economic Zone (SCZONE), chaired by Walid Gamal El-Din, signed on Tuesday three new contracts with leading Chinese textile and ready-made garment companies, totalling approximately $52.6m (EGP 2.58bn) in investments. Together, these (...)
Egypt and Germany are expanding their economic partnership with a focus on innovative financing and private sector investment, with a new €100m ($109m) tranche under a debt-for-development swap programme to be activated by mid-2026, Egypt's Planning (...)
