Day: September 25, 2024

Iran’s gross domestic product (GDP), including oil, grew by 3.2% in the first quarter of the current Iranian calendar year (March 20 to June 21) compared to the first quarter of last year, according to the Central Bank of Iran (CBI). Excluding oil, GDP increased by 2.5%. The World Bank…

China’s domestically developed C919 aircraft has made its first commercial flight using sustainable aviation fuel (SAF), marking a significant step towards the development of cleaner transport in the country. The flight, which took place on Tuesday, travelled from Beijing to Shanghai, marking the first of four planned test flights using…

Egypt’s Finance Minister, Ahmed Kouchouk, met with his Chinese counterpart, Lan Fo’an, on the sidelines of the Asian Infrastructure Investment Bank (AIIB) meetings in Uzbekistan to discuss ways to expand investment cooperation between the two countries. Kouchouk stressed the importance of deepening bilateral financial and economic relations to achieve shared…

Egyptian Prime Minister Mostafa Madbouly chaired the weekly government meeting on Wednesday, outlining plans for economic development, education, and addressing the regional security situation. On the domestic front, Madbouly stated that ministries are finalising detailed work plans for the government’s program, which will be submitted to parliament as previously announced.…

Hassan El-Khatib, Minister of Investment and Foreign Trade, held an extensive meeting with Abdulmohsin Alhokair, Chairperson of Abdul Mohsen Al Hokair Holding Group, which operates in entertainment, hospitality, and hotel projects, along with the accompanying delegation. The meeting focused on exploring investment opportunities in the Egyptian market, reviewing the group’s…

Minister of Finance Ahmed Kouchouk held a bilateral meeting with Zhongjing Wang, the CEO of the Multilateral Cooperation Center for Development Finance (MCDF) in China, on the sidelines of the Asian Infrastructure Investment Bank (AIIB) meetings in Uzbekistan. They discussed ways to enhance cooperation between the two sides. They also…

Minister of Tourism and Antiquities Sherif Fathy held a meeting at the National Museum of Egyptian Civilization in Fustat with Maja-Jennifer Koehl, CEO of ETI Group, and the accompanying delegation to explore ways to boost tourism from Eastern Europe, Germany, and Austria.   The meeting highlighted the group’s growing operations…

Egypt’s Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat warned Tuesday that a decline in financial space for energy investments in the Global South is hindering progress toward achieving the United Nations Sustainable Development Goals. Al-Mashat delivered her message during a meeting of the Global Energy Alliance for…

The New Urban Communities Authority’s (NUCA) Board of Directors has approved updates and modifications to the mechanisms for processing investor requests for land allocation in new cities across various sectors, during a meeting chaired by the Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbini. These updates align with the…