Egypt has no foreign currency crisis and will maintain stable electricity and gas supplies to factories despite the ongoing regional conflict, Prime Minister Mostafa Madbouly said on Tuesday.
He asserted that the state has secured its strategic (...)
Egypt's economy recorded a growth rate of 5.3% during the second quarter of the current fiscal year (FY), the highest level since the third quarter of FY 2021/22, Prime Minister Mostafa Madbouly said on Tuesday.
Speaking during a meeting with the (...)
Mohamed Farid, Minister of Investment and Foreign Trade, held a meeting with Basil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), in the presence of Hala Abu Elsaad, Egyptian Federation for Financing Medium, Small, (...)
Basil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the agency has injected EGP 3bn into Qena during the period from July 2014 to December 2025. He noted that this funding enabled the financing of (...)
Mohamed El Gawsaky, Chief Executive Officer of General Authority for Investment and Free Zones (GAFI), met with Eric Chevallier, Ambassador of France to Cairo, to explore avenues for strengthening bilateral investment cooperation.
El Gawsaky (...)
Egypt's Water Resources and Irrigation Minister Hani Sewilam said preparations are underway to sign a cooperation protocol with the Transport Ministry and the Egyptian National Railways Authority to maximise the use of state-owned assets linked to (...)
Egypt's Health Ministry signed a memorandum of understanding (MoU) with Ain Shams University aimed at strengthening cooperation in health economics, evidence-based policymaking and medical investment, the ministry said on Tuesday.
The agreement (...)
President of the World Bank Group, Ajay Banga, has visited a residential project under the presidential "Housing for All Egyptians" initiative in 10th of Ramadan City.
During the tour, Banga inspected a model housing unit that has been delivered to (...)
Egypt's Minister of Industry, Khaled Hashem, has held his first expanded meeting with the Board of Directors of the Federation of Egyptian Industries (FEI), chaired by Mohamed El Sewedy, alongside heads of industrial chambers, as part of efforts to (...)
The European Bank for Reconstruction and Development (EBRD) is supporting aluminum production in Egypt by providing a loan of up to €13.7m to Alumil Misr for Trade and Industry, the Egyptian subsidiary of ALUMIL.
The EBRD's financing will fund the (...)
The Israel-US confrontation with Iran widened in scope and intensity on its fourth day, with heavy exchanges of fire spreading to diplomatic missions and critical infrastructure across the Gulf, alongside mounting warnings over the potential global (...)
Egypt is prepared to facilitate the transport of Saudi Arabian crude oil from the Red Sea port of Yanbu to the Mediterranean via the Sumed pipeline, Petroleum Minister Karim Badawi said on Tuesday.
The statement follows a Reuters report citing three (...)
LNG tankers have begun diverting from the Strait of Hormuz as seven of the world's largest marine insurance associations move to cancel war risk coverage for vessels entering the Gulf from Thursday.
The withdrawal of coverage, which takes effect at (...)
Construction of the new French University in Egypt (UFE) campus is progressing according to schedule as a "new generation" smart academic institution, Higher Education Minister Abdelaziz Konsowa said during a meeting with French Ambassador Eric (...)
Egypt plans to immediately begin the development of 30 cultural palaces across several governorates as the first phase of a 12-month plan to modernise the sector, Culture Minister Gihane Zaki said on Monday.
During a meeting with Prime Minister (...)
The crackle of anti-aircraft fire over Kabul and the dull thud of explosions near the gates of Bagram Airbase have signalled a volatile new chapter in the enduring friction between Pakistan and Afghanistan. On Sunday morning, the Afghan capital's (...)
The black flags of mourning have been hoisted over the turquoise domes of Qom, but behind the closed doors of Iran's administrative halls, the atmosphere is one of frantic calculation rather than quiet grief. For the first time since 1989, the seat (...)
Egypt's Ministers of Investment and Foreign Trade, Industry, and Labour have held two high-level meetings with key industry stakeholders as part of a coordinated government drive to strengthen the competitiveness of the pharmaceutical and ready-made (...)
The Financial Regulatory Authority (FRA) has issued a new regulatory decision establishing a comprehensive framework governing the registration, transfer, amendment and closure of branches of companies licensed to undertake non-banking financial (...)
The Ministry of Agriculture and Land Reclamation announced that it had issued 916 operating licences—both renewals and first-time permits—for livestock, feed, and poultry projects, as well as milk collection centres.
Tarek Suleiman, head of the (...)
Salah Suleiman Gemblat, Minister of State for Military Production, met with Medhat Qamar, Chairperson and Chief Executive Officer of the Egyptian Arab Land Bank, and Mohamed Ashmawy, the bank's Non-Executive Chairperson, along with their (...)
Minister of Electricity and Renewable Energy Mahmoud Esmat met with Hesham Badawi, Speaker of the House of Representatives, ahead of his scheduled appearance before the Energy and Environment Committee, as part of ongoing coordination between the (...)
Egypt's President Abdel Fattah Al-Sisi met Ajay Banga, President of the World Bank Group, on Monday, reaffirming Egypt's commitment to economic reform and warning of the mounting economic costs of ongoing regional tensions, including an estimated (...)
Escalating hostilities between Israel and Hezbollah intensified on Monday as the Lebanese government announced a ban on any security or military activity by the group, limiting its role to political engagement only.
Egypt's Foreign Minister Badr (...)
Egypt's President Abdel Fattah Al-Sisi held separate phone calls on Sunday with Haitham bin Tariq of Oman and Iraqi Prime Minister Mohammed Shia Al-Sudani, as regional tensions escalated following a wave of military strikes across the Middle (...)