العربية

Day: March 12, 2025

MSMEDA issues 130,000 licences for small enterprises over past decade

Basil Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced that between July 2014 and December 2024, the agency issued 19,804 final and temporary business regularization licences, along with 110,137 final licences for small enterprises. These were processed through MSMEDA’s one-stop-shop units, located in offices across…

Egypt explores cooperation in medical technology with Medtronic

Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, met with Anna Kasprzak, Regional Vice President of Medtronic and President of Africa, Central, and Eastern Europe, along with her accompanying delegation, to discuss collaboration in medical technology, services, and solutions aimed at strengthening Egypt’s healthcare sector.…

Egypt’s FY 2023/24 development plan hits 98.5% implementation rate

Egypt’s Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat has reviewed the implementation of the fiscal year (FY) 2023/24 economic and social development plan with the Economic Committee of the House of Representatives. Al-Mashat, participating in a meeting of the committee chaired by MP Mohamed Suleiman, reported an…

IMF approves $2.5bn for Egypt, including $1.3bn for climate resilience

The International Monetary Fund (IMF) has approved a $2.5bn financing package for Egypt, with approximately half to be disbursed immediately, according to statements from the IMF and the Egyptian Ministries of Finance and Environment. Of the total, $1.2bn will be promptly disbursed as the latest tranche of Egypt’s current $8bn…

Private sector now 63% of Egyptian investment, Al-Mashat says

Private sector investment now accounts for 63% of total investment in Egypt, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat has said. Al-Mashat made the announcement during a meeting with the British Egyptian Business Association (BEBA), highlighting the shift as a key indicator of Egypt’s economic progress. Speaking…

Al-Sisi reviews preparations for Grand Egyptian Museum opening ceremony

Egypt’s President Abdel Fattah Al-Sisi has reviewed preparations for the Grand Egyptian Museum’s (GEM) opening ceremony, scheduled for July 2025. Al-Sisi met on Wednesday with Prime Minister Mostafa Madbouly, Minister of Tourism and Antiquities Sherif Fathy, Managing Director of the United Media Services Company Tarek Makhlouf, and board member Mohamed…
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