Day: April 29, 2025

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…

Egypt’s Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, called on the international community to lower borrowing costs and expand debt-for-development swap solutions to alleviate financial burdens on developing countries, during a UN forum in New York. Speaking at a high-level ministerial dialogue on “Lowering Borrowing Costs and…

DoubleTree by Hilton Sharm El Sheikh – Sharks Bay, reopens it’s beachside after full revamp, and freshly new property, this major opening in Sharm El Sheikh , introduces a beachfront rooms and suites with the international Hilton standards, marking the way for the first DoubleTree property in Egypt and the…

Egypt’s prime minister, Mostafa Madbouly, on Tuesday, witnessed the signing of a shareholders’ agreement to establish two new companies for industrial projects focused on recycling waste into polyester fibre and industrial felt, involving foreign investment.   The two projects, located at the Misr Company for Artificial Silk and Polyester Fibers…