Day: February 8, 2025

Prime Minister Mostafa Madbouly visited the Zohr natural gas field, located north of Port Said, to inspect the Saipem 10000 drilling rig. Accompanied by Minister of Petroleum and Mineral Resources Karim Badawi, he was welcomed by Francesco Gaspari, President of IEOC (ENI’s subsidiary in Egypt), and Martina Opizzi, Head of…

The Egyptian government is committed to enhancing macroeconomic stability and strengthening resilience against global changes, according to Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation. Addressing the Akhbar Al-Youm Economic Conference, Al-Mashat outlined the government’s plans to foster private sector growth, attract foreign investment, and promote sustainable economic…

The Ministry of Public Enterprises Sector is advancing its efforts to develop the industrial sector within its affiliated companies and enhance their performance. Minister Mohamed El-Shemy affirmed that a comprehensive strategy is in place to modernize factories with advanced technology, revive key industries, and introduce new production lines and products.…

Mahmoud Essmat, the Minister of Electricity and Renewable Energy, has reaffirmed Egypt’s commitment to establishing partnerships, attracting private sector investment, and promoting participation in energy projects. He emphasized that there are numerous economic and investment opportunities within the sector, and the ministry is focused on creating an attractive investment environment…

Suez Canal Authority (SCA) Chairperson Osama Rabie recently met with Chen Zhengjun, President of China’s FAMSUN, to discuss potential collaboration in food security. The talks centered on forming a strategic partnership as part of the SCA’s broader development initiatives, leveraging FAMSUN’s expertise in agricultural engineering and food security solutions. Rabie…

The Academy of Scientific Research and Technology (ASRT) announced on Saturday, that Egypt was selected as the headquarters of the Regional Center for Raising Bio-Manufacturing Capacities for the North African Region (RCCN) in partnership with Morocco.   In this context, the Minister of Higher Education and Scientific Research, Ayman Ashour,…

The Central Bank of Egypt (CBE) recently hosted a delegation from the Central Bank of Yemen (CBY), in line with Egypt’s commitment to fostering cooperation with Arab nations across various sectors. The visiting delegation, comprising a specialized technical team, aimed to gain insights into Egypt’s advanced digital payment systems and…

The International Finance Corporation (IFC) has announced a partnership with the Commercial International Bank (CIB) to support reduced emissions and increase green energy financing in carbon-intensive sectors in Egypt. Through its Climate Finance Advisory Program, IFC will assist CIB in helping its clients in sectors such as oil and gas,…