Egypt to schedule remaining dues to foreign oil firms within a month: Madbouly
The Egyptian government has established a plan to schedule the remaining outstanding payments owed to foreign oil companies within the next month, according to Prime Minister Mostafa Madbouly. Speaking at…
CBE withdraws EGP 1.249trn in open market operations
The Central Bank of Egypt (CBE) withdrew EGP 1.249trn in open market operations from 30 banks on Tuesday. This follows last week’s withdrawal of EGP 1.082trn from 31 banks. The…
El-Khatib outlines plan to achieve Egypt’s $100bn exports target
Egypt's newly appointed Minister of Investment and Foreign Trade, Hassan El-Khatib, has outlined a comprehensive plan to significantly boost the country's exports, to achieve the goal of $100bn annually. El-Khatib,…
Egyptian government takes steps to improve efficiency of public investment spending
The Egyptian government is taking steps to improve the governance and efficiency of public investment spending, according to Rania Al-Mashat, Minister of Planning and Economic Development and International Cooperation. During…
Egypt establishes ministerial groups for focused policy in human development, industry
Egyptian Prime Minister Mostafa Madbouly issued two decisions on Tuesday establishing and defining the competencies of the Ministerial Group for Human Development and the Ministerial Group for Industrial Development. The…
Egypt’s Health Ministry announces “Heart Protection for Athletes” program
Egypt’s Ministry of Health and Population announced that it will launch the “Heart Protection for Athletes” program to include early detection of heart disease and training for cardiac resuscitation, in…
Egypt PM prioritises economic stabilisation, National Dialogue in first Cabinet address
In his inaugural address to the newly formed cabinet, Egypt's Prime Minister Mostafa Madbouly underscored the importance of economic stabilisation and the outcomes of the National Dialogue. He presented a…
TMG sales soar to EGP 340bn fueled by SouthMed
Talaat Moustafa Group Holding (TMG) has achieved a significant milestone, securing a staggering EGP 340bn ($7.1bn) in sales as of July 8, 2024. This remarkable figure, a more than sevenfold…
India launches ‘Plant for Mother Earth’ campaign in Cairo
To promote environmental awareness and action, the Embassy of India in Cairo hosted a tree-planting drive at the Child Museum in Heliopolis on World Environment Day. This initiative is part…
US acknowledges Egypt’s efforts to eliminate human trafficking
The US Government recently released the 2024 Trafficking in Persons (TIP) report, in which it recognized Egypt’s increased efforts to eradicate this international problem. Among the efforts recognized were: more…