Day: May 12, 2025

The 23rd meeting of the Industrial Development Ministerial Group was chaired by Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir. The meeting was attended by Minister of State for Military Production Mohamed Salah El-Din, Minister of Electricity and Renewable Energy Mahmoud Ismat, Minister of…

Egyptian President Abdel Fattah Al-Sisi held a high-level meeting on Monday with Osama Rabie, Chairman of the Suez Canal Authority (SCA), and Mostafa El-Degishy, Chairperson of South Red Sea Shipyard, to review the latest developments in Suez Canal operations and maritime services in light of evolving global and regional challenges.…

Acting Ambassador of India in Cairo, C. Sushma, announced that a delegation from the Indian business community will visit Egypt in June, emphasizing that Indian companies see Egypt as a strategic investment destination due to its geographic location and extensive network of export agreements with global markets. Speaking at a…

The European Bank for Reconstruction and Development (EBRD) has announced a $30m equity bridge loan to Obelisk Solar Power, a special purpose vehicle owned by Scatec ASA, a global leader in renewable energy and a long-term strategic partner of the Bank. The financing will support the equity requirements for the…

Sixth of October for Development and Investment Company (SODIC) has signed a revenue-sharing agreement with Rula for Land Reclamation to develop a 1,000-feddan land plot in New Sphinx City, located in West Cairo. The strategically situated plot lies at Kilometer 54 in New Sphinx City, just 15 minutes from SODIC…

Egypt recorded a significant improvement in its trade performance in February 2025, with exports surging by 24.1% and the trade deficit narrowing by 29.1% year-on-year. According to the latest monthly bulletin issued by the Central Agency for Public Mobilization and Statistics (CAPMAS), the trade deficit dropped to $2.33bn, down from…

Egypt commemorated the 75th anniversary of the European Union on Sunday with a high-level ceremony in Cairo, underscoring the strength of its strategic partnership with the EU and a shared commitment to regional peace, sustainable development, and multilateral cooperation. Representing Prime Minister Mostafa Madbouly, Minister of Health and Population Khaled…

The Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has issued Decision No. 101 of 2025, extending the deadline for submitting periodic financial statements for companies listed on the Egyptian Exchange and entities regulated by the FRA. In a statement released Monday, the FRA said the extension reflects its ongoing…

Egypt’s Minister of Petroleum and Mineral Resources, Kareem Badawi, visited Doha this week at the official invitation of Qatari Minister of State for Energy Affairs, Saad Sherida Al-Kaabi, to explore avenues for expanding energy cooperation and joint investments between the two nations. The visit aligns with Egypt’s broader strategy to…

Remittances from Egyptians abroad hit a record $32.6 billion from March 2024 to February 2025. This content is for members only. Visit the site and log in/register to read. The post Egypt Sees Record Surge in Remittances first appeared on Egyptian Streets.