العربية

Day: May 11, 2025

Egypt eyes garment export growth to attract foreign investment

Egypt’s garment and textile sector is experiencing significant growth, buoyed by global economic shifts and a surge in foreign direct investment (FDI), according to Mohamed Abdel Salam, Chairperson of the Ready-Made Garments and Textiles Chamber at the Federation of Egyptian Industries. Abdel Salam noted that Egypt’s favorable investment climate is…

Egypt’s gold exports hit $3.2bn in Q1 2025: Wasif

Egypt’s gold exports reached a record $3.2bn during the first quarter (Q1) of 2025, reflecting a significant leap in the country’s jewelry industry, according to Ihab Wasif, Head of the Gold and Precious Metals Division at the Federation of Egyptian Industries. Wasif attributed the exceptional performance to three key factors:…

GAFI to host service-exporting startups in free zones

The General Authority for Investment and Free Zones (GAFI) will, for the first time, host service-exporting startups within its free zones, offering them a suite of benefits including simplified procedures and full customs and tax exemptions, according to GAFI CEO Hossam Heiba. The announcement was made during the opening session…

Egypt marks 10 years of ‘Takaful and Karama’ social protection programme

Egypt commemorated a decade of the “Takaful and Karama” social protection initiative with a national celebration highlighting its impact on millions of vulnerable citizens and its evolving role in empowering communities. Speaking at the event, Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar described the programme’s…

Egypt increases ‘Takaful and Karama’ funding to EGP 55bn for FY 2026

Prime Minister Mostafa Madbouly announced a significant increase in funding for Egypt’s Takaful and Karama social protection programme, raising its allocation to approximately EGP 55bn for the fiscal year (FY) 2025/2026. The announcement was made during a ceremony marking the programme’s 10th anniversary, held under the theme: “Social Protection: Lessons…

Ministry of Agriculture advances plans to expand agricultural investment in Africa

Alaa Farouk, Minister of Agriculture and Land Reclamation, and Sherif El-Gabaly, Chairperson of the African affairs committee in the House of Representatives, co-chaired a high-level meeting to discuss strategies for expanding Egyptian agricultural investments across Africa. The meeting was also attended by Hesham Hosary, Chairperson of the House’s agriculture committee,…

Egyptian PM reviews public investment governance committee work

Egyptian Prime Minister Mostafa Madbouly chaired a meeting on Sunday evening at the government headquarters in the New Administrative Capital to review the work of the committee responsible for governing state public investments. The meeting was attended by Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation; Ahmed Kouchouk,…