IMF approves $2.5bn for Egypt, including $1.3bn for climate resilience
The International Monetary Fund (IMF) has approved a $2.5bn financing package for Egypt, with approximately half to be disbursed immediately, according to statements from the IMF and the Egyptian Ministries…
Private sector now 63% of Egyptian investment, Al-Mashat says
Private sector investment now accounts for 63% of total investment in Egypt, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat has said. Al-Mashat made the announcement during a…
Al-Sisi reviews preparations for Grand Egyptian Museum opening ceremony
Egypt's President Abdel Fattah Al-Sisi has reviewed preparations for the Grand Egyptian Museum's (GEM) opening ceremony, scheduled for July 2025. Al-Sisi met on Wednesday with Prime Minister Mostafa Madbouly, Minister…
Mountain View targets EGP 150bn in sales in 2025
Mountain View for Development and Real Estate Investment has set an ambitious target of EGP 150bn in sales for 2025 while planning EGP 50bn in investments, including EGP 18bn allocated…
Egypt’s engineering industries exports surge 42% in January 2025
The Engineering Export Council of Egypt (EECE), led by Sherif El-Sayyad, announced that engineering exports increased by 42% in January 2025, reaching $526.2m compared to $371.4m in January 2024. El-Sayyad…
Renewable energy dominates Egypt’s new investment strategy
Egypt is prioritising renewable energy in its new investment plan to become a regional energy hub, officials announced after a meeting between Planning Minister Rania al-Mashat and Electricity Minister Mahmoud…
Abdelatty outlines priorities for Egyptian foreign policy
Egyptian Minister of Foreign Affairs Badr Abdelatty met with senior officials from the Ministry on Monday, to review operations and discuss key foreign policy priorities. The meeting included Deputy Ministers…
UNODC debuts ‘CHAMPS’ in Egypt to strengthen child protection systems
The United Nations Office on Drugs and Crime (UNODC) has selected Egypt as the first country globally to implement the "CHAMPS" initiative, a groundbreaking initiative aimed at strengthening prevention systems…
Egypt launches new initiative for expats to invest in 1.5 Million Feddan Project
In a bid to enhance investment opportunities for Egyptians abroad, the New Egyptian Countryside Development Company has launched a new initiative titled "Your Farm in Egypt," in collaboration with the…
ODE achieves record EGP 32.5bn in real estate sales, marking 67% growth in FY 2024
Orascom Development Egypt (ODE) has announced its consolidated results for Q4 2024, reporting record-breaking financial performance for the fiscal year (FY) 2024. The company achieved EGP 32.5bn in real estate…
