Egypt extends land allocation mechanism for foreign investors in new cities
The New Urban Communities Authority (NUCA), affiliated to the Ministry of Housing, Utilities, and Urban Communities, has decided to extend the mechanism for allocating lands in new cities to foreign…
FRA introduces new evaluation standards for startups
The Financial Regulatory Authority (FRA) has issued a resolution to amend the Egyptian standards for the financial evaluation of establishments, to suit the nature of startups and help them obtain…
Egypt’s health minister visits Greece to boost medical cooperation
Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, met with George Apostolopoulos, the Chairperson of the Athens Medical Group, and other representatives of the group, during his visit to…
Actis to buy Gabal El-Zeit wind farm for $350m from TSFE
The Sovereign Fund of Egypt (TSFE) has reached a preliminary agreement with Actis, a British direct investment company, to sell the Gabal El-Zeit wind farm for $350m, sources close to…
Egypt, Gulf funds agree to defer dividends for 3 years
The Egyptian government has reached an agreement with Gulf sovereign funds that invested in Egyptian companies to postpone the distribution of dividends for three years, according to sources familiar with…
Cabinet reviews $1bn flat steel project to boost local manufacturing, export
The Prime Minister, Moustafa Madbouly, chaired a meeting to review the progress of a project to establish an integrated industrial complex to produce flat steel, in partnership with an international…
Government follows up on Kitchener Canal project progress
A ministerial steering committee met on Wednesday to review the implementation of the Kitchener Canal rehabilitation and development project, which aims to improve the canal’s efficiency and the living conditions…
Egypt converts helicopter carrier into field hospital as Libya floods death toll tops 6,000
Egypt has converted its Mistral helicopter carrier into a field hospital and sent it to Libya’s shores to alleviate the impacts of a humanitarian disaster caused by floods that have…
Opinion| Rise of new powers and US decline: Challenges and opportunities
The world is in the midst of a major shift in power dynamics. The shift from a unipolar world order, in which the United States was the dominant power, to…
Overconfidence leaves Egyptian consumers vulnerable to scams
A new study by Visa found that overconfidence is leaving consumers in Egypt vulnerable to scams.