العربية

Month: April 2025

Egypt’s Al-Mashat urges lower borrowing costs, more debt swaps at UN forum

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…

Two new recycling projects launched in Egypt with EGP 1.7bn investment

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…

Egypt’s TMG eyes $17bn sales from potential major Iraq project

Egypt’s Talaat Moustafa Group Holding (TMG) estimates a potential large-scale, mixed-use project in Iraq could generate total sales of around $17bn and annual recurring income exceeding $1.5bn upon completion, the company confirmed as it pursues regional expansion.   In a statement to the Egyptian Exchange (EGX) addressing media reports, TMG…

ECA conference: Business leaders call for stronger collaboration to foster economic growth, market stability

Mohamed Suleiman, Head of the House of Representatives’ economic affairs committee, underscored the pivotal role of Parliament in shaping competition-related legislation, stressing that new laws are carefully aligned with Egypt’s broader economic policies. Speaking at the Egyptian Competition Authority’s (ECA) second annual conference on Monday, Suleiman noted that competition is…