Day: March 18, 2025

Egypt and India have set an ambitious target to increase bilateral trade from $4.2bn in 2024 to $12bn over the next five years. This goal was outlined during a meeting between Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, and India’s Minister of Commerce and Industry, Piyush Goyal, as…

Special Group for Trade and Investment has entered a strategic partnership with Mint Real Estate Asset Management, a subsidiary of Al Ahly Sabbour, to oversee the full scope of asset management for its real estate portfolio and upcoming developments. The collaboration kicks off with Special Group’s latest project in the…

Egypt has recorded a primary surplus of EGP 330bn for the first half (H1) of the fiscal year 2024/25, marking its highest surplus to date, according to Minister of Finance Ahmed Kouchouk. This achievement reflects strong financial performance, bolstered by a 38.4% year-on-year increase in tax revenues, the highest growth…

At the 2024 General Assembly meeting of the Chamber of Food Industries, Chairperson Ashraf El Gazayerli announced that the food sector achieved a remarkable 21% increase in exports last year, surpassing $10bn. This milestone marks an unprecedented achievement for the sector, underlining its growing influence in the global market. Maysa…

Ahmed Kouchouk, Minister of Finance, and Sherif Farouk, Minister of Supply and Internal Trade, have reviewed the progress of implementing the presidential directive designed to provide additional financial support to 10 million vulnerable families registered on ration cards. With a total budget of EGP 4bn, this initiative is part of…

The Financial Regulatory Authority’s (FRA) fintech committee has approved the integration of financial technology into the operations of three brokerage firms, marking a significant milestone for Egypt’s non-banking financial sector. Telda Securities, Beltone Securities, and Thndr Securities have been granted approval to digitize their brokerage activities fully. Under the FRA’s…

Egypt’s Prime Minister Mostafa Madbouly met on Wednesday with Mohamed Abdellatif, Minister of Education and Technical Education, to review the ministry’s ongoing initiatives. Discussions included ensuring student attendance, the proposed alternative secondary education system (the “Baccalaureate”), and broader efforts to develop the basic and technical education systems. During the meeting,…

Egyptian President Abdel Fattah al-Sisi said that owing to regional tensions Egypt is incurring monthly losses estimated at approximately US$800 million in Suez Canal revenues. During the annual Iftar banquet of the Egyptian Armed Forces, Sisi said that Egypt has been able to move forward with steady and measured steps…