Egypt secured $9.5bn in budget support since 2023 amid ongoing reforms: Al-Mashat
Egypt has secured $9.5bn in concessional financing to support the state budget since the beginning of 2023, linked to structural and sectoral reforms, Minister of Planning, Economic Development, and International…
Gaza death toll climbs as winter cold intensifies humanitarian emergency
Gaza’s health ministry said on Tuesday that six wounded people and two bodies recovered from the rubble had arrived at hospitals over the past 24 hours, as officials warned that…
Egypt, China discuss sustainable Gaza ceasefire and Sudan truce
Egyptian Foreign Minister Badr Abdelatty stressed the necessity of implementing the second phase of the Sharm El-Sheikh peace agreement to ensure a sustainable ceasefire in Gaza, during a call with…
Sawiris eyes management of three Egyptian airports
Egyptian billionaire businessman Naguib Sawiris said he is interested in managing and operating three Egyptian airports, as the government moves ahead with plans to open airport operations to private-sector participation.…
MSMEDA signs EGP 300m financing agreement with Reefy
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has signed a financing agreement worth EGP 300m with Reefy Microfinance Enterprise Services to support micro enterprises across Egypt. The agreement…
Chemical industries investments in Egypt to reach $1.8bn in 2026-2027: Export Council
Egypt’s Chemicals and Fertilizers Export Council, chaired by Khaled Abou El Makarem, is preparing a comprehensive memorandum to be submitted to Prime Minister Mostafa Madbouly before 15 January, proposing a…
Health Minister Discusses radiology upgrade with Curagita, ACH
Egypt’s Health Minister Khaled Abdel Ghaffar met executives from Curagita Group and ACH on Tuesday to discuss investment opportunities and cooperation in the healthcare sector, with a particular focus on…
GENNVAX launches largest regional vaccine manufacturing facility with $150m investment
Egypt has marked a major milestone in its biopharmaceutical development with the laying of the foundation stone for the GENNVAX vaccine manufacturing facility, which is set to become the largest…
Kouchouk says Egypt plans ‘exceptional’ cut to debt levels, lowers medical VAT to 5%
Egypt is targeting an "exceptional" improvement in its budget debt indicators while implementing a second package of tax facilities that includes cutting value-added tax (VAT) on medical equipment to 5%…
Public enterprises record $1bn in exports, 20% revenue growth in FY 2024/25: Minister
Mohamed El-Shimy, Minister of the Public Enterprises Sector, announced that exports by affiliated companies reached approximately $1bn during fiscal year (FY) 2024/2025, with 40% of companies now exporting to international…