Egypt to establish desalination plants in 11 coastal governorates

Deputy Minister of Housing, Utilities, and Urban Communities, Sayed Ismail, has held a meeting to review the progress of the strategic plan for seawater desalination through 2050. The meeting also discussed boosting coordination between relevant state entities for desalination plants. Ismail highlighted the importance of executing the strategic plan for…

Egypt, Sweden explore cooperation in health investment

Chairperson of Egypt Healthcare Authority and Supervisor General of the Universal Health Insurance and Life Dignified projects, Ahmed El-Sobky, met with Swedish Ambassador to Cairo Håkan Emsgård, along with representatives from major Swedish companies in the country to discuss enhancing health investments in Egypt. The meeting was attended by Masoud…

Swiss Barry Callebaut to establish $30m factory in Egypt

Yasser Abbas, Deputy CEO of the General Authority for Investment and Free Zones (GAFI), met with a delegation from the Swiss company Barry Callebaut, led by Vamsi Mohan, Regional Head for Asia, Africa, and the Middle East, to discuss the company’s investment plans in the Egyptian market. During the meeting,…

FRA reveals size of non-banking financing in July 2024

The Financial Regulatory Authority (FRA) has disclosed the total volume of non-banking financing provided by institutions under its supervision to various sectors in July 2024.   Micro, Small, and Medium Enterprises (MSMEs) According to a recent FRA report, the outstanding loans for MSMEs increased to EGP 66.8bn in July 2024,…

Post for Investment, AXA launch Egypt’s first microinsurance company

Post for Investment, the investment arm of Egypt Post, and AXA Egypt have signed a strategic partnership agreement. Amr Talaat, Minister of Communications and Information Technology, Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), and French Ambassador to Egypt Eric Chevallier witnessed the signing ceremony. This partnership aims to…

LUD plans to launch new residential project in East Cairo

Lozan Urban Development (LUD) is expected to announce its latest project in East Cairo, alongside its ongoing developments in the New Administrative Capital. This step reflects the company’s commitment to expanding its portfolio and contributing to urban growth in these key areas. More details about the project will be revealed…

Cairo’s untapped potential: Emerging as future tourism hub

Egypt’s capital Cairo is experiencing rapid tourism growth and will need to improve its urban readiness to handle increasing visitor numbers, according to Global Cities’ Readiness for Sustainable Tourism Growth-Destination 2030 report. The report said that cities with lower visitor volumes but faster tourism growth, such as Cairo, Riyadh, Ho…
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