Sindbad Submarines Investigates Hurghada Accident that Killed 6

Sindbad Submarines has launched an investigation into an accident involving one of its submarines in Hurghada on the morning of 27 March 2025, in which six people died. The company expressed its condolences to the families of the victims and confirmed it is cooperating with authorities to determine the cause…

Transport Ministry calls on businessmen to invest in logistics

The Ministry of Transport, represented by the General Authority for Land and Dry Ports (GALDP), has called on investors, businessmen, exporters and producers to invest in the fields of dry ports and logistics zones in Egypt. In a statement issued Saturday 29/3/2025, the ministry highlighted the great growth currently made…

Planning Minister partakes in WFP roundtable on debt swaps for development

Minister of Planning, Economic Development and International Cooperation Rania Al Mashat said effective partnerships, national ownership and integration, and a resilient governance structure are key factors the success of debt swap programs. Mashat made the remarks during a World Food Program (WFP) roundtable discussion hosted by Spain on debt swaps…

Egypt banks announce Eid al-Fitr holiday dates

On the occasion of Eid al-Fitr, the Central Bank of Egypt announced the suspension of operations at all banks operating in Egypt starting from Sunday, March 30, 2025, until Tuesday, April 1, 2025. Work will resume on the morning of Wednesday, April 2, 2025. The Central Bank stated in its…

PM follows up on real estate export file

Prime Minister Mostafa Madbouly underlined on Tuesday the importance the government attaches to the real estate export file, saying it is on the top priorities of the cabinet at the time being. He stressed that the government is working on facilitating measures of selling Egyptian real estate units in US…

IDG expands industrial, logistics projects

Industrial Development Group (IDG), a leader in developing, operating, and managing advanced industrial zones in Egypt, has unveiled an ambitious expansion strategy to solidify its role as a key driver of economic growth in Egypt and Africa. The company’s plan focuses on launching and developing new industrial zones in strategic…
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