Day: September 17, 2024

As Africa continues to assert itself on the global economic stage, African businesses increasingly look beyond traditional markets to explore new opportunities. Among the emerging regions that hold significant potential for African enterprises are the Caribbean and Latin America. With growing economies, strategic trade partnerships, and a rising middle class,…

Hani Sweilem, Egypt’s Minister of Water Resources and Irrigation, met with Zhu Chengqing, Vice Minister of Water Resources of China, on the sidelines of the 6th Arab Water Forum in Abu Dhabi, the UAE.   The discussion focused on enhancing cooperation in the field of water by activating the memorandum…

South Korea’s ambassador to Cairo, Kim Yonghyon, has met with Kamel Al-Wazir, Egypt’s Deputy Prime Minister for Industrial Affairs and Minister of Transportation, to discuss strengthening bilateral cooperation in transportation and industrial development.   Ambassador Kim emphasized that Korea and Egypt have been developing close economic cooperation in various sectors,…

Egypt has attracted five global companies to the local home appliances sector, including three Chinese companies, one Turkish, and one European company, according to the Chairperson of the Engineering Export Council of Egypt (EEC), Sherif El-Sayad. He said this development will contribute to the growth of Egyptian exports. To further…

Egypt’s Prime Minister Mostafa Madbouly highlighted the Egyptian Exchange (EGX)’s crucial role in the government’s broader strategy to attract foreign investment and develop a more appealing investment environment in Egypt. The Prime Minister made these statements during a meeting on Tuesday to review the progress made in efforts to enhance…

Minister of Public Enterprises Sector, Mohamed Shimi, has met with Mohamed El-Saadawy, Managing Director of the Metallurgical Industries Holding Company, and CEOs of affiliated companies. The meeting was part of the regular follow-up sessions to review the work progess across the ministry’s subsidiaries. During the meeting, they reviewed monthly performance…

Egypt’s annual urban headline inflation ticked up to 26.2% in August 2024, compared to 25.7% in July 2024. In line with the recent fiscal consolidation measures, annual inflation outturns in August 2024 were mainly driven by non-food items, which increased by 24.4% compared with 22.9% in July 2024. In addition…

Egypt’s Ministry of Finance works on developing new fiscal policies to boost investment, production, and export flows within a stable economic environment, according to Yasser Sobhi, Deputy Minister of Finance. The key focus of the new policies was achieving fiscal discipline in the state’s budget indicators, which was crucial for…

Minister of Investment and Foreign Trade, Hassan El-Khatib, stated that the ministry was preparing a new vision for investment and trade policies for the next decade. This vision will include several determinants, such as the announcement of an investment and trade policy document for Egypt over the next ten years.…