IDA allocates over 3,000 industrial units in 17 complexes across Egypt in 2023
The Industrial Development Authority (IDA) announced that it has allocated 3,049 new industrial units in 17 complexes in 15 governorates nationwide in 2023, as part of the presidential initiative to…
Tourism Minister meets Russian tour operators to boost tourist traffic to Egypt
Minister of Tourism and Antiquities Ahmed Issa has held several meetings with the officials and representatives of the major tour operators in the Russian market, such as Biblio Globus, Fun…
FRA develops legislative frameworks to promote sustainability in non-banking activities
The Financial Regulatory Authority (FRA) has completed the development of the legislative and regulatory framework required to enhance the levels of sustainability in non-banking financial activities, by providing innovative financing…
MSMEDA, Reefy sign EGP 150m contract to finance women’s micro-projects
6,000 women nationwide will benefit from contract
PM launches online platform for climate, environmental investments in Egypt
Prime Minister Mostafa Madbouly launched the Egypt Climate and Environmental Investment, an interactive bilingual platform that provides an overview of Egypt’s investment ecosystem, green economy opportunities, and climate resilience. The…
Egypt declares 3-day mourning after natural disasters hit Libya, Morocco
Egyptian President Abdel-Fattah Al-Sisi on Tuesday declared a three-day mourning to show solidarity with Morocco and Libya after the two countries were hit by natural disasters, the Egyptian presidency said…
Creative Summit unveils 2023 annual festival in the heart of Egypt
Creative Summit, a pioneering platform fostering creativity and innovation, has announced the launch of its much-anticipated Annual Festival 2023. This vibrant event takes place at the prestigious Cairo Business Park,…
Egypt, Equatorial Guinea discuss bilateral relations, international issues
Minister of Foreign Affairs of Egypt, Sameh Shoukry, met with the Senate Speaker of Equatorial Guinea, Teresa Efua Asangono, to discuss ways to enhance bilateral relations and exchange views on…
Egypt to issue Panda bonds worth $500m
The Ministry of Finance is preparing to issue Panda bonds worth $500m in the Chinese market, according to informed sources. The Ministry has started a tender to select the legal…
Egypt’s economy to grow 4.4% in FY 2023/24, pound to record EGP 38/USD: Fitch
Fitch Solutions expects an improvement in the growth of the Egyptian economy in fiscal year (FY) 2023/24, raising its forecast for Egypt's economic growth to 4.4% in the current fiscal…