200 French firms invest $8bn in Egypt: GAFI CEO
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…
MSMEDA injects EGP 3bn into Qena from July 2014 to December 2025: Rahmy
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…
Investment Minister discusses strengthening entrepreneurial support with MSMEDA
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…
Egypt reports 5.3% GDP growth as government prepares EGP 40bn social package
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…
Egypt faces no currency crisis or gas supply risks amid regional war: Madbouly
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…
Egypt reaffirms support for Lebanon as Israel-Hezbollah escalation deepens
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…
Al-Sisi to World Bank chief: Egypt loses $10bn in Suez Canal revenues amid regional tensions
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…
Iran vows prolonged conflict as U.S.-Israeli strikes intensify
Iranian officials said Monday that Tehran had prepared for a prolonged confrontation and would continue targeting U.S. bases across the region, as fighting with the United States and Israel entered…
Electricity Minister reassures MPs on national grid security, supply stability
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…
Military Production Minister explores strategic cooperation with Egyptian Arab Land Bank
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…