Day: March 3, 2025

German investors are showing a strong interest in Egypt’s economic potential, recognizing the country’s strategic opportunities and ongoing market reforms, according to Maren Diale-Schellschmidt, CEO of the German-Arab Chamber of Industry and Commerce (AHK Egypt). She emphasized that Egypt’s economic reforms, expanding market, and strong bilateral ties with Germany make…

Basil Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), announced that the agency has provided EGP 2.6bn in funding for over 95,000 small and micro projects in Qena between July 2014 and December 2024. This initiative has created more than 142,000 job opportunities, reinforcing the agency’s…

Egypt’s Ministry of Petroleum and Mineral Resources has announced fresh investment opportunities aimed at enhancing exploration, production, and sustainability in the oil and gas sector. The ministry is offering access to seven undeveloped fields in the Mediterranean and six exploration areas in the Gulf of Suez and the Western Desert,…

Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Essmat, addressed the Senate on Monday, outlining the ministry’s ongoing efforts to ensure a stable, high-quality electricity supply and its future plans for the sector. He affirmed the government’s commitment to providing reliable power across all sectors. Essmat highlighted the ministry’s urgent…

Egypt’s Financial Regulatory Authority (FRA) has approved executive rules and procedures governing the operation of the Settlement Guarantee Fund, aiming to align with global best practices and bolster capital market financial stability. The rules and procedures were issued by the Board of Directors of Misr for Central Clearing, Depository and…

Egypt’s Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, has met with Dubravka Šuica, the EU Commissioner for Mediterranean Affairs, to discuss future economic relations between Egypt and the European Union. During the meeting, which was also attended by Angelina Eichhorst, EU Ambassador to Cairo, and officials from…

Egypt and the European Commission have signed a €90m concessional funding agreement to strengthen their strategic partnership in the field of food security. The agreement, signed by the Minister of Planning, Economic Development and International Cooperation, Rania Al Mashat, the Minister of Supply and Internal Trade, Sherif Farouk, and the…

Egyptian Prime Minister Mostafa Madbouly chaired a meeting Monday to address efforts to combat smuggling and the influx of illicit goods flooding Egyptian markets. The meeting aimed to review ongoing efforts to curb these activities and discuss proposed measures to protect domestic manufacturers. Attendees included Kamel El-Wazir, Deputy Prime Minister…