Industrial Ministerial Group reviews free zone, golden licence requests prior to cabinet consideration
The 23rd meeting of the Industrial Development Ministerial Group was chaired by Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir. The meeting was attended…
Al-Sisi reviews Suez Canal developments, expansion of maritime services
Egyptian President Abdel Fattah Al-Sisi held a high-level meeting on Monday with Osama Rabie, Chairman of the Suez Canal Authority (SCA), and Mostafa El-Degishy, Chairperson of South Red Sea Shipyard,…
Indian business delegation to visit Egypt in June: Acting ambassador
Acting Ambassador of India in Cairo, C. Sushma, announced that a delegation from the Indian business community will visit Egypt in June, emphasizing that Indian companies see Egypt as a…
Hamas releases US-Israeli detainee Edan Alexander amid ceasefire uncertainty
Amid the ongoing and intensifying Israeli war on Gaza—and despite mixed signals regarding the fate of ceasefire negotiations—Hamas announced the release of US-Israeli soldier Edan Alexander, describing the move as…
EBRD backs Egypt’s first solar, battery storage project with $30m equity bridge loan
The European Bank for Reconstruction and Development (EBRD) has announced a $30m equity bridge loan to Obelisk Solar Power, a special purpose vehicle owned by Scatec ASA, a global leader…
SODIC signs revenue-sharing agreement to develop 1,000 feddans in New Sphinx City
Sixth of October for Development and Investment Company (SODIC) has signed a revenue-sharing agreement with Rula for Land Reclamation to develop a 1,000-feddan land plot in New Sphinx City, located…
Egypt’s exports rise 24.1% in February 2025 as trade deficit shrinks by nearly third
Egypt recorded a significant improvement in its trade performance in February 2025, with exports surging by 24.1% and the trade deficit narrowing by 29.1% year-on-year. According to the latest monthly…
Egypt celebrates Europe Day, reaffirms strategic partnership with EU
Egypt commemorated the 75th anniversary of the European Union on Sunday with a high-level ceremony in Cairo, underscoring the strength of its strategic partnership with the EU and a shared…
FRA extends deadline for financial statement submissions to May-end
The Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has issued Decision No. 101 of 2025, extending the deadline for submitting periodic financial statements for companies listed on the Egyptian…
Egypt, Qatar explore deepened energy ties, joint investment opportunities
Egypt’s Minister of Petroleum and Mineral Resources, Kareem Badawi, visited Doha this week at the official invitation of Qatari Minister of State for Energy Affairs, Saad Sherida Al-Kaabi, to explore…