Month: August 2024

The Tokyo International Conference on African Development (TICAD) Ministerial Meeting, held from 23 to 25 August, was attended by Egypt’s Minister of Foreign Affairs, Badr Abdelatty.  The meeting included high-level discussions focused on enhancing collaboration between Egypt, Africa, and Japan, as well as addressing ongoing regional challenges. The TICAD conference,…

Hussam Heiba, CEO of the General Authority for Investment and Free Zones, and a delegation from the American company Black & Decker have discussed Egypt hosting the company’s first investment outside the United States and Europe. This investment will involve setting up the first factory for the production of electrical…

Arab African International Bank (AAIB) reported a net profit of $156m for the first half of 2024, according to a statement released by the bank. This represents a significant increase in profitability for the bank, driven by a change in vision and strategy implemented in early 2023. Tamer Waheed, Vice…

Talaat Moustafa Group (TMG), one of the largest integrated institutions in Egypt and the Middle East, announced that it has begun legal and technical procedures to establish projects and investments in Iraq.  The group stated that further details about these projects will be announced when the related execution procedures begin.…

Foreign Trade and Investment Minister Hassan Khatib asserted offering all needed support for Saint-Gobain Egypt to boost its investments in the Egyptian market. The minister made the remarks during a meeting with CEO of Saint-Gobain Egypt Ahmed Wafik on current and future investment opportunities in Egypt. In statements on Thursday,…

Wrapping up its biggest, most exciting, and best-value season ever on 1 September, Dubai Summer Surprises (DSS) is encouraging everyone not to miss one last fun-filled week of spectacular citywide events and entertainment. Following 65 days of non-stop summer celebrations, the clock is ticking for the final opportunity for residents…

Egypt’s Prime Minister Mostafa Madbouly met with Finance Minister Ahmed Kouchouk on Wednesday to discuss the country’s ongoing efforts to reduce public debt, maintaining its downward trajectory as a percentage of GDP. A Wednesday press statement by the Cabinet indicated that the meeting focused on the government’s commitment to reducing…

Minister of Electricity and Renewable Energy Mahmoud Esmat met with Rosatom Director General Alexey Likhachev and Atomstroyexport President Andrey Petrov at the Dabaa nuclear power plant site. The meeting focused on the latest developments in the project, reaffirming both sides’ commitment to executing it according to the highest international standards.…

Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), has met with a delegation from the American company Black+Decker to discuss the company’s first investment outside the United States and Europe, which will be in Egypt. This investment involves establishing the first factory for producing electrical…

Egyptian Prime Minister Mostafa Madbouly convened a meeting on Wednesday to address the needs of the petroleum sector and efforts to boost petroleum product output. Attendees included Central Bank of Egypt’s Governor Hassan Abdalla, Finance Minister Ahmed Kouchouk, and Petroleum and Mineral Resources Minister Karim Badawi. The Prime Minister emphasized…