EBRD offers up to €13.7m loan to Alumil Misr to expand production in Egypt
The European Bank for Reconstruction and Development (EBRD) is supporting aluminum production in Egypt by providing a loan of up to €13.7m to Alumil Misr for Trade and Industry, the…
Industry Minister launches structured dialogue with FEI to tackle sector challenges
Egypt’s Minister of Industry, Khaled Hashem, has held his first expanded meeting with the Board of Directors of the Federation of Egyptian Industries (FEI), chaired by Mohamed El Sewedy, alongside…
World Bank financing for ‘Housing for All Egyptians’ initiative to reach $1bn by 2026-end
President of the World Bank Group, Ajay Banga, has visited a residential project under the presidential “Housing for All Egyptians” initiative in 10th of Ramadan City. During the tour, Banga…
Health Ministry, Ain Shams University sign MoU to boost medical investment
Egypt’s Health Ministry signed a memorandum of understanding (MoU) with Ain Shams University aimed at strengthening cooperation in health economics, evidence-based policymaking and medical investment, the ministry said on Tuesday.…
Irrigation, transport ministries sign cooperation protocol to maximise use of state-owned assets
Egypt’s Water Resources and Irrigation Minister Hani Sewilam said preparations are underway to sign a cooperation protocol with the Transport Ministry and the Egyptian National Railways Authority to maximise the…
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…