Month: March 2025

As part of its commitment to enhancing women’s access to formal financial services, the Central Bank of Egypt (CBE) has launched the annual “Women’s Financial Inclusion Event.” The event, which runs from March 8—coinciding with International Women’s Day—until the end of the month, aims to expand financial inclusion opportunities for…

Mohamed El-Shimy, Minister of Public Enterprises, and Ali El-Ghamrawy, Chairperson of the Egyptian Drug Authority (EDA), conducted an extensive field visit to subsidiaries of the Holding Company for Pharmaceuticals, Chemicals, and Medical Supplies. The tour covered Arabian Drug Company (ADCO), Memphis Pharmaceuticals, and Nile Pharmaceuticals, focusing on recent facility upgrades…

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with a delegation from China’s Deli Group, a leading manufacturer of tools and equipment, to discuss the company’s plans to establish a large-scale industrial complex in the 10th of Ramadan City industrial zone. The project,…

Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, met with Tajikistan’s Ambassador to Egypt, Parviz Mirzazoda, to explore opportunities for enhancing bilateral health cooperation and expanding partnerships in the medical and pharmaceutical sectors. Abdel Ghaffar reaffirmed Egypt’s commitment to deepening ties with friendly nations, emphasizing…

The Egyptian cabinet, led by Prime Minister Mostafa Madbouly, has approved the draft budget for the 2025/2026 fiscal year and referred it to Parliament for discussion and final approval. The new budget reflects record spending and a continued commitment to economic growth, social protection, and fiscal stability. Finance Minister Ahmed…

The launch of Egypt’s Integrated National Financing Strategy (INFS) marks a transformative policy shift, moving from fragmented financial approaches to a cohesive framework that aligns financial flows with national development priorities. This milestone strengthens Egypt’s role in global development financing, according to UN Resident Coordinator Elena Panova. Speaking at the…

Prime Minister Mostafa Madbouly attended the signing of a $1.65 billion contract to establish the Shin Feng Integrated Metal Industries Complex in the Ain Sokhna industrial zone, part of the Suez Canal Economic Zone. The deal was signed at the Cabinet headquarters in the New Administrative Capital, in the presence…

Egypt’s instant payment network will begin charging fees ranging from 50 piastres to EGP 20 on transfers made through its “Instapay” application starting April 1st. The service will also limit free balance inquiries to 10 per month. Instapay said the fees, a minimum of 50 piastres and a maximum of…