Climate finance must be fairer for emerging economies: Finance Minister
Ahmed Kouchouk, Minister of Finance, stated that climate finance must become fairer for emerging economies and more closely aligned with national development priorities. He said Egypt supports expanding the use…
Egypt unveils plan to borrow EGP 2.524trn from domestic market in Q2 FY 2025/2026
The Egyptian government has released full details of its plan to borrow EGP 2.524trn from the domestic market during the second quarter Q2 of fiscal year (FY) 2025/2026, as part…
Al-Sisi orders expansion of oil, gas and mining exploration, new investor incentives
Egyptian President Abdel Fattah Al-Sisi on Saturday directed his government to scale up oil, gas and mineral exploration and introduce additional incentives to attract investors, according to a statement from…
Cairo intensifies regional diplomacy to secure support for US Gaza resolution at UN
Cairo has intensified diplomatic contacts with several Arab and Islamic states in recent hours to rally support for the US draft resolution on Gaza at the UN Security Council, according…
Gold in Egypt posts 2.3% weekly gain amid global volatility
Chairperson of the Gold and Precious Metals Division at the Federation of Egyptian Industries, Ehab Wassef, highlighted sharp fluctuations in the local gold market throughout the past week. He explained…
EGP 18bn invested in women-led small, micro projects over 11 years: Rahmy
Bassil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the agency has injected EGP 18bn over the past 11 years to finance women-led small…
Minapharm, Bayer sign strategic agreement to localize pharmaceutical manufacturing in Egypt
Chairperson of the Egyptian Drug Authority (EDA), Ali Ghamrawy, witnessed the signing of a cooperation agreement between Minapharm Pharmaceuticals and Bayer International. The ceremony was held in the New Administrative…
Egypt starts gas production at West Burullus field in Mediterranean: Petroleum Minister
Minister of Petroleum and Mineral Resources Karim Badawi has announced the start of initial gas production from the West Burullus field in the Mediterranean Sea, following the successful connection of…
At COP30, Egypt’s Al-Mashat urges scaling up of innovative climate finance
Egypt's Minister of Planning, Rania Al-Mashat, has called for "just financing" to enable developing countries to meet their climate commitments, stressing that preserving the path of climate action requires a…
Madinaty Golf named best course in Egypt and Africa
Madinaty Golf Club has been named the Best Golf Course in Egypt for the fifth consecutive year and the Best Golf Course in Africa for the third year in a…