Day: February 9, 2025

Servier Egypt, part of the global Servier Group, has commemorated its 70th anniversary with the opening of a new production line and the launch of the “Access Cancer Treatment (ACT) for Children” initiative.   The announcements were made at an event attended by Ali El Ghamrawy, Head of the Egyptian…

The Central Bank of Egypt (CBE) reported that the net foreign assets of the Egyptian banking sector recorded a surplus of $5.224bn (EGP 265.898bn) in December 2024, down from $5.95bn (EGP 295.6bn) in November. According to the CBE’s latest report, total foreign assets in the banking sector, including both the…

Minister of Investment and Foreign Trade Hassan El-Khatib arrived in Madrid on Sunday for a high-level visit aimed at deepening economic relations between Egypt and Spain. During his trip, he will meet with senior officials, business leaders, and key members of Spanish business federations to promote investment opportunities and expand…

Prime Minister Mostafa Madbouly met on Sunday with Jassem Mohamed Bu Ataba Al Zaabi, Chairperson of Modon Holding, and Bill O’Regan, Group CEO of Modon Holding, to discuss the latest developments in the masterplan for Ras El-Hekma City on Egypt’s Northwest Coast. Madbouly welcomed Al Zaabi and his delegation, expressing…

Egypt’s private sector minimum wage will rise to EGP 7,000 from EGP 6,000, effective 1 March 2025. The National Wages Council also introduced a minimum EGP 250 periodic bonus and set the first-ever minimum hourly wage for part-time workers at EGP 28 net. The council made these decisions following President…

Khaled Abdel Ghaffar, Deputy Prime Minister for Human Development and Minister of Health and Population, highlighted the importance of strategic cooperation between the public and private sectors in advancing Egypt’s healthcare system. His remarks came during a discussion session titled “Pioneering Private Investment for Sustainable Universal Health Coverage,” held as…

As part of its expansion strategy in Egypt’s real estate market, Olive Tree Development has made significant strides in delivering its projects in the New Administrative Capital. Backed by over 30 years of experience, the company has achieved notable progress across multiple developments, with the first phases nearing completion and…

At the annual forum of the Universal Health Insurance Authority in the New Administrative Capital, Prime Minister Mostafa Madbouly underscored Egypt’s commitment to advancing healthcare. Madbouly highlighted that the comprehensive health insurance system represents a major transformation, ensuring universal coverage through a social solidarity-based model. The state has dedicated substantial…