Egyptalum signs agreement with Scatec to develop solar power plant in Nagaa Hammadi
Minister of Public Enterprises Sector Mohamed Shimi met with Norway’s Ambassador to Egypt and Libya, Hilde Klemetsdal, and her accompanying delegation at the ministry’s headquarters in the New Administrative Capital,…
Egypt urges auto manufacturers to boost local value-added under revised industry programme
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held on Monday an extensive meeting with automotive manufacturers operating in Egypt to review recent amendments…
NDB expands to 11 members, raises $16.1bn in 2024, says Rousseff
The New Development Bank (NDB) has approved Colombia and Uzbekistan as new members, its president Dilma Rousseff said, as the lender focuses on expanding its membership and increasing financing in…
Egypt calls for stronger central bank cooperation, local currency use at BRICS summit
Egypt called on BRICS nations to strengthen cooperation between their central banks and push forward with enabling financial settlements in local currencies, its prime minister said at a summit session…
BRICS summit declaration pushes for reformed multilateralism, greater Global South role
Leaders of the 11-nation BRICS group on Monday called for a more equitable global order and the strengthening of multilateralism, signing a joint declaration at a summit in Rio de…
Egypt’s PM, Uruguay’s president discuss Gaza, trade at BRICS summit
Egyptian Prime Minister Mostafa Madbouly and Uruguayan President Yamandú Orsi on Monday discussed efforts to secure a ceasefire in Gaza and ways to boost bilateral trade during a meeting on…
Egypt’s Talaat Moustafa Group H1 sales jump 59% to EGP 211bn
Talaat Moustafa Group Holding (TMG), Egypt's largest listed real estate developer, announced contractual sales of EGP 211bn for the first half of 2025, a 59% increase compared to the same…
Egypt, Poland discuss cooperation in agriculture, food industries
Amr Abdel Wahab, Chairperson and Managing Director of the Egyptian Countryside Development Company, received the Ambassador of Poland to Cairo, Michał Murkociński, and his accompanying delegation at the company’s headquarters…
Egypt allocates EGP 1.5bn to accelerate automotive industry in FY2025
Egypt has allocated EGP 1.5bn in its 2024/2025 state budget to advance the localisation of its automotive industry, a strategic move underscored by the inauguration of Sumitomo’s largest global factory…
CBE hosts regional training on stress testing for COMESA central banks
In line with presidential directives to strengthen Egyptian-African integration, and as part of its ongoing cooperation with the COMESA Monetary Institute (CMI), the Central Bank of Egypt (CBE) hosted a…