Day: February 19, 2025

Egypt’s tourism sector is ramping up efforts to achieve the Ministry of Tourism’s 2030 vision, targeting an annual capacity of 30 million tourists and generating $30bn in revenue. This ambitious goal is being pursued through strategic expansions in hotel capacity across the country’s cities and governorates. As part of these…

Egypt’s Ministry of Transport is moving forward with the development of the integrated Sokhna–Alexandria container logistics hub, a cornerstone of the country’s strategic vision to strengthen its global trade position. The project aims to establish a seamless connection between the Red Sea and the Mediterranean, reinforcing Egypt’s role as a…

Egypt’s Minister of Water Resources and Irrigation, Hani Sweilem, met on Wednesday with Mario Sander, Head of the Middle East and North Africa Department at the German Federal Ministry for Economic Cooperation and Development, to explore ways to enhance bilateral collaboration in water management. Sweilem highlighted the strong partnership between…

The Egyptian Cabinet, chaired by Prime Minister Mostafa Madbouly, held its 32nd meeting on Wednesday and approved several key decisions to enhance international cooperation and drive national development. One of the major approvals was a draft presidential decree for a Scheduled Air Services agreement between Egypt and New Zealand, aimed…

Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, oversaw the signing of a cooperation protocol to establish Egypt’s first ultrasound device manufacturing facility. The initiative is a partnership between Tatweer Medical Industries and leading Chinese medical device manufacturer Mindray. Following the signing, Abdel Ghaffar emphasized the…

Commercial International Bank (CIB) today announced its fourth-quarter 2024 consolidated net income of EGP 12.8bn, reflecting a 78% increase from the same period in 2023. Full-year 2024 consolidated net income reached EGP 55.2bn, or EGP 16.4 per share, marking an 86% growth from last year. Concluding a year of significant…

Shell Egypt showcased its commitment to youth empowerment and sustainable innovation at EGYPES 2025, highlighting its NXplorers Awards Ceremony and the Shell Intilaaqah Egypt programme. These social investment programmes aim to develop future energy leaders and entrepreneurs, providing them with essential skills and platforms to create positive change. The NXplorers…

Egyptian Prime Minister Mostafa Madbouly has stated that Egyptian companies can rebuild the Gaza Strip in three years, drawing on their extensive expertise. The reconstruction plan aims to avoid displacement of Palestinians. Madbouly, speaking at a Wednesday press conference following the weekly cabinet meeting, emphasised that Egyptian firms are well-equipped…