Month: April 2025

Minister of Planning, Economic Development, and International Cooperation Rania al-Mashat participated in a press conference held by Prime Minister Mostafa Madbouly following the weekly cabinet meeting. Mashat reviewed the most important economic developments, including the results of Egypt’s participation in the Spring Meetings of the International Monetary Fund (IMF) and…

The Central Bank of Egypt (CBE) announced in an official statement that the Labor Day holiday will apply for the banking sector and banks operating in Egypt. The CBE explained that on the occasion of Labor Day, all banks operating in Egypt will be closed, starting Thursday, May 1, 2025.…

Prime Minister Mostafa Madbouly has hailed a proposed bill on a unified real estate ID system as a very important national project. He told MENA that the bill contributes to putting an end to several obstacles that may hinder investments and protects real estate properties and assets of citizens. The…

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), received a high-level delegation from Beijing, led by Sun Shuo, Deputy Mayor of the Chinese capital, during a meeting held at the CBE headquarters in Cairo. The visit comes as part of the ongoing efforts to bolster the longstanding relations…

Egypt’s General Authority for Investment and Free Zones (GAFI) hosted a forum with a Chinese delegation to explore linking the Egyptian business community with innovation leaders in China and enhance investment partnerships, GAFI said in a statement. The Egyptian-Chinese Forum for Enhancing Investment, Innovation and Entrepreneurship Partnerships featured a delegation…

The Central Bank of Egypt (CBE) attracted bids totaling $1.17bn in its latest auction of US dollar-denominated local treasury bills, significantly surpassing its initial offering. Launched on Monday, the auction offered $950 million in one-year bills maturing on 28 April 2026. The proceeds will be used to repay a previous…

Egypt’s Gypto Pharma (Medicine City) and US-based Dawa Pharmaceuticals signed a strategic alliance agreement on Tuesday aimed at strengthening Egypt’s pharmaceutical industry and achieving US Food and Drug Administration (FDA) qualification for Gypto Pharma’s facilities. Egyptian Prime Minister Mostafa Madbouly witnessed the signing ceremony at the government headquarters in the…

AXA Egypt Insurance has announced the launch of its first gold investment fund, becoming the first insurance company in Egypt to offer such a product. The move reflects the company’s commitment to providing innovative financial solutions that merge insurance with investment opportunities. This initiative is in line with AXA Egypt’s…

The Egyptian Cabinet approved several key decisions on Tuesday, including a draft resolution to establish the National Medical Tourism Council. The new council, to be chaired by the Deputy Prime Minister for Human Development, is tasked with regulating the medical tourism sector and enhancing the quality of associated services, with…