Egypt’s SCZone reports $8.6bn in new contracts since mid-2022
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…
Finance Ministry plans EGP 670bn in T-bill, bond issuances for August
The Ministry of Finance has announced plans to issue a total of 32 tenders for treasury bills and bonds, amounting to EGP 670bn in August. Of this, EGP 580bn will…
CBE governor hosts Nigerian counterpart, showcases new banknote production facility
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), hosted Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), and his delegation for a series of strategic discussions…
Egypt, France airdrop aid to Gaza amid growing humanitarian crisis, global criticism of Israel
Egypt has conducted its first humanitarian airdrop over Gaza in more than six months, delivering aid supplies to the enclave amidst an escalating humanitarian disaster. Eyewitnesses reported that Egyptian aircraft…
Egyptian agricultural exports reach 6.24 million tonnes, expanding to new global markets
Alaa Farouk, Egypt’s Minister of Agriculture and Land Reclamation, announced that the country’s agricultural exports have surpassed 6.24 million tonnes as of mid-month, marking an increase of 575,000 tonnes compared…
Egypt, UAE discuss strengthened energy cooperation for regional integration
Karem Badawi, Egypt's Minister of Petroleum and Mineral Resources, met with Suhail Mohamed Al Mazrouei, UAE Minister of Energy and Infrastructure, in Abu Dhabi to discuss expanding cooperation in the…
FRA grants licences to four companies in non-banking finance, investment fund sectors
The Committee for the Establishment and Licensing of Companies, under the supervision of the Financial Regulatory Authority (FRA), has granted licences to four companies to expand their operations in Egypt’s…
Egypt launches initiative with traders, manufacturers to reduce prices of essential goods
Prime Minister Mostafa Madbouly chaired a critical meeting on Tuesday at the government headquarters in New Alamein to discuss strategies for reducing the prices of essential goods. The meeting brought…
Supply minister discusses strengthening cooperation with ITFC
Sherif Farouk, Egypt’s Minister of Supply and Internal Trade, held a meeting today with Adeeb Yousuf Al Aama, CEO of the International Islamic Trade Finance Corporation (ITFC), at the Ministry’s…
SCZONE chief discusses strengthening maritime, logistics cooperation with Panama
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…