Day: April 7, 2025

Egypt and France have launched a new phase of strategic cooperation in higher education and scientific research, with joint academic programmes and linking education to industry among the top priorities. The initiative was highlighted at the Egyptian-French Forum for Higher Education and Scientific Research, which focused on innovation and the…

Egypt’s Minister of Environment, Yasmine Fouad, met with representatives from Jordan’s Tajanus Group for Ownership and Commercial Projects to review a smart digital solution for waste collection and management developed by the company. The meeting, held at the Ministry’s headquarters in the New Administrative Capital, was attended by Ali Abu…

Egypt’s Ministry of Planning, Economic Development, and International Cooperation announced that the French government has extended approximately €4bn in financing to support Egypt’s public and private sectors. The package includes €3.5bn allocated to public sector projects, $500m to boost private sector investment, and €12.6m in development grants. In addition, the…

Alameda Healthcare Group, one of Egypt’s leading private healthcare providers, has signed a Memorandum of Understanding (MoU) with global health technology leader Philips to advance healthcare delivery and improve patient care across the country. Under the agreement, both parties will collaborate to enhance operational efficiency, integrate advanced medical technologies, and…

A $301m net profit for 2024 has been announced by the Arab African International Bank (AAIB), driven by its shift towards a liabilities-driven market approach. Tamer Waheed, Vice Chairperson and Managing Director, said: “Our shift, towards a liabilities driven market approach, achieved its desired results, AAIB continued to deliver a…

Egypt’s Minister of State for Military Production, Mohamed Salah, presented the final accounts for affiliated companies for the fiscal year 2023/24 to the Planning and Budget Committee of the House of Representatives. During the presentation, Minister Salah highlighted the “significant development” in the performance of military production companies, stating that…

Egypt’s Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny met with Slovak Ambassador to Cairo, Lenka Miháliková, to discuss opportunities for cooperation in the development of smart cities and explore investment prospects within Egypt’s rapidly growing new urban communities—particularly fourth-generation cities. El-Sherbiny welcomed Ambassador Miháliková and commended Slovakia’s participation…

Chairperson of the Suez Canal Economic Zone (SCZONE), Walid Gamal El-Din, and Ismailia Governor Akram Galal laid the foundation stone for the Hi-Tech – North Africa sportswear factory—the first Thai industrial investment in both Egypt and the SCZONE. Located in West Qantara on a 64,000 sqm plot, the project represents…

Egypt’s net international reserves rose to $47.757bn in March 2025, up from $47.393bn in February—an increase of $364m, according to data released Monday by the Central Bank of Egypt (CBE). The rise was largely driven by a substantial boost in gold reserves, which jumped to $12.606bn in March, up from…