Industrialists and financiers at Alamein forum urge end to raw material exports and ‘African scale penalty’
Industrialists, financiers, and political leaders at the Alamein Africa Forum called for an immediate shift toward domestic value addition and regional industrialization, warning that raw material exports and regulatory fragmentation…
Egyptian PM and Tanzanian VP discuss infrastructure cooperation and Nile water security at Alamein-Africa Forum
Egyptian Prime Minister Mostafa Madbouly met with Tanzanian Vice President Deogratias Ndejumbi on Saturday to discuss potential Egyptian investments in the expansion of the Dar es Salaam port and broader…
Burundian president backs Egypt’s Nile water concerns as an ‘existential issue’ during Alamein talks
Egyptian President Abdel Fattah Al-Sisi met with Burundian President and current African Union Chairperson Évariste Ndayishimiye on Saturday, securing strong backing for Cairo's stance on Nile water security during talks…
CBE Leads Shift in Approach to Industrial Distress
The launch of the Distressed Factories Restructuring Fund, with total capital of EGP 1bn, marks a shift in the approach to industrial distress. It places existing assets and production capacities…
Distressed Factories Restructuring Fund: A New Lifeline for Production
In a strategic step reflecting tangible integration between monetary and industrial policies, Central Bank of Egypt (CBE) Governor Hassan Abdalla and Minister of Industry Khaled Hashem announced the launch of…
Subscription opens Sunday for Egypt’s Distressed Factories Restructuring Fund
The Financial Regulatory Authority (FRA) has approved the licensing of the Distressed Factories Restructuring Investment Fund under Licence No. 1033, with subscription for its units set to open on Sunday,…
Egypt, Somalia coordinate return of eight Egyptian sailors released after kidnapping
Somali Ambassador to Egypt Ali Abdi Awari said that coordination between Egyptian and Somali authorities is underway to complete arrangements for the return of eight Egyptian sailors who were recently…
‘Pop-Up USA’ arrives in Mansoura to mark 250 years of American independence
The US Embassy in Cairo hosted “Pop-Up USA” in Mansoura, capital of Dakahleya Governorate in Egypt’s Delta, to celebrate the 250th anniversary of American independence with residents of the region.…
Cairo-Seoul relations enter new phase: Korean ambassador
The Embassy of the Republic of Korea in Egypt held a reception at the Ambassador’s residence in Cairo to celebrate Korea’s National Day, which this year coincides with the 31st…
Egypt, India explore new opportunities to deepen engineering goods cooperation
The Embassy of India in Cairo, in association with the Egyptian Syndicate of Engineers, Federation of Egyptian Industries (FEI), and Engineering Export Promotion Council of India (EEPC India), organised a…