Day: February 11, 2025

The National Veal Project, led by Minister of Agriculture and Land Reclamation Alaa Farouk, has approved EGP 299.6m in funding for 428 small-scale farmers and young graduates. This support will facilitate the purchase of 4,280 head of cattle under the presidential “Decent Life” initiative, launched by President Abdel Fattah Al-Sisi…

Egypt’s Minister of Investment and Foreign Trade Hassan El-Khatib met with a delegation from Técnicas Reunidas, a Spanish company specializing in engineering and infrastructure construction for the oil, gas, and petrochemical industries, to discuss potential investments in Egypt’s energy sector. The meeting, held during El-Khatib’s visit to Spain, focused on…

Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held extensive talks with Hungarian Minister of Foreign Affairs and Trade, Péter Szijjártó, and his accompanying delegation. The meeting focused on enhancing bilateral cooperation in the fields of industry and transport, with several senior officials…

Q Developments held its 2025 annual event to highlight recent achievements, investment strategies, sales performance, and expansion plans for the coming year. Ahmed Thabet, CEO of Q Developments, stated that they hold a 260-feddan land portfolio across the North Coast and New Zayed, with total investments reaching EGP 22bn to…

Egyptian Housing Minister Sherif El-Sherbini visited the Julius Nyerere Hydropower Project in Tanzania, meeting with Tanzanian and Egyptian officials and workers. The project, implemented by the Egyptian consortium of Arab Contractors and Elsewedy Electric, aims to generate 2,115 megawatts of electricity for Tanzania’s national grid. Minister El-Sherbini expressed satisfaction with…

Egypt’s Prime Minister Mostafa Madbouly chaired a Tuesday meeting to review efforts to combat encroachment on agricultural land and the procedures for its removal. Attendees included Minister of Local Development Manal Awad, Minister of Agriculture and Land Reclamation Alaa Farouk, Head of the General Authority for Urban Planning Maha Fehim,…

Egypt – February, 2025 – Somabay has announced the signing of an agreement with Marriott International to bring the renowned Autograph Collection Hotels brand to Somabay, Egypt. The deal paves the way for a premium lifestyle resort to further enhance the vibrant landscape of Egypt’s eastern coastline. Ibrahim El Missiri,…

Egypt’s external debt rose again during the first quarter of fiscal year 2024-2025 compared to the last quarter of the previous year, even despite the inflow of funds from the Ras al-Hekma land deal signed by Egypt with the UAE. The country’s external debt rose on a seasonal basis by…