Madbouly tours major factories, reinforces push to localize industry, expand exports
Prime Minister Mostafa Madbouly conducted an extensive tour of several industrial facilities in 6th of October City and El Sadat City, reaffirming Egypt’s commitment to strengthening local manufacturing, increasing domestic…
Beltone Venture Capital, Citadel International exit Bosta with 75% IRR
Beltone Venture Capital and UAE-based Citadel International Holdings have announced the successful exit of their joint investment in logistics startup Bosta, achieving an internal rate of return (IRR) of 75%.…
Egypt’s Damietta Port receives its largest bulk cargo of 144,780 tonnes on YANG FAN vessel
Damietta Port received the Panama-flagged bulk carrier YANG FAN carrying 144,780 tonnes of bulk slag from China, marking the largest bulk cargo load handled by the port since its establishment.…
APPO to launch African training platform by year-end as Egypt proposes June ministerial summit
The African Petroleum Producers' Organisation (APPO) will launch a continent-wide training platform by the end of the year, its secretary-general announced during talks where Egypt proposed hosting an APPO ministerial…
Egypt targets 70% wheat self-sufficiency by 2030 as EU-backed project aims to curb crop losses
Egypt aims to boost its wheat self-sufficiency to 70% by 2030 as domestic production nears 10 million tonnes this season, bolstered by an EU-backed mechanisation initiative targeting 400,000 farmers to…
Egypt targets 5.4% economic growth, EGP 3.7trn investments in FY 2026/27 plan
Egypt is targeting an economic growth rate of between 5.2% and 5.4% and total investments of EGP 3.7trn for the fiscal year (FY) 2026/27, with private investments accounting for the…
Egypt to rebrand supply outlets into ‘CARRY ON’ franchise chain, offering youth financing
Egypt's Ministry of Supply and Internal Trade has signed an agreement with the Micro, Small and Medium Enterprises Development Agency (MSMEDA) to transform existing state-subsidised supply outlets into a unified…
Egypt, UK explore expanding cooperation in medical training, digital healthcare
Egypt and the United Kingdom discussed ways to strengthen cooperation in the healthcare sector, focusing on expanding training programmes for doctors and nurses, as well as enhancing partnerships in digital…
FRA explores measures to boost market attractiveness with Private Equity Association
Financial Regulatory Authority (FRA) Chairperson Islam Azzam held an extended meeting with members of the Egyptian Private Equity and Venture Capital Association (EPEA), bringing together business leaders, investment fund and…
Egypt’s Al-Sisi arrives in Nairobi for Africa-France summit amid calls for UN Security Council reform
Egyptian President Abdel Fattah Al-Sisi arrived in Nairobi on Monday for the Africa-France Summit, an event aimed at reshaping international partnerships and reforming global financial systems, as the African Union…