Day: November 6, 2024

Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), met with Hideki Okada, Head of the Business Development Unit at Japan Overseas Infrastructure Cooperation (JOIN) to discuss ways to encourage Japanese companies to pump new investments into the Egyptian market. JOIN is an investment fund specialized…

Ali Ghamrawy, Chairperson of the Egyptian Drug Authority (EDA) has reported that the total sales of Egypt’s pharmaceutical market from October 2023 to September 2024 reached 3.6 billion units, valued at approximately EGP 277bn, positioning it as one of the largest markets in the Middle East and Africa with significant…

Egypt’s Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, met, on Wednesday, with China’s Minister of Housing and Urban-Rural Development Ni Hong, and Chinese Ambassador to Cairo Liao Liqiang, along with their accompanying delegation. The meeting, held on the sidelines of the third day of the 12th World Urban…

The Central Bank of Egypt (CBE) reported an increase in net international reserves, which reached $46.941bn in October 2024, compared to $46.736bn in September—a rise of approximately $205m. In a statement released today, Wednesday, the bank highlighted a rise in the value of gold reserves, amounting to $11.14bn in October,…

Talaat Moustafa Group (TMG) has achieved record sales, generating EGP 470bn in revenue since the beginning of 2024, according to CEO Hisham Talaat Moustafa. This figure surpasses the combined sales of the top nine real estate companies in Egypt, solidifying TMG’s position as the leading real estate developer in both…

Egyptian Prime Minister Mostafa Madbouly has assured the public that the country is on the right track in terms of its economic reforms and that the currency will stabilise. Speaking at a Wednesday press conference at the new administrative capital, Madbouly confirmed that the government’s privatisation program will be announced…

The Central Bank of Egypt announced amending the maximum daily and monthly transactions and the maximum single transaction on the InstaPay digital application, according to the rules governing instant payment application services. The Central Bank’s decision came due to the increasing number and value of transactions on the National Instant…

Egypt Education Platform (EEP) has launched its Internship Programme for high school students across its network of schools, for the fourth consecutive year. The programme aims to provide real-world work experience by offering internships at prominent entities in various fields. The first round of the programme, which took place from…