Day: May 13, 2025

Egypt’s Minister of Finance, Ahmed Kouchouk, has stated that the government is targeting a reduction in external debt by $1bn to $2bn during the current fiscal year. This comes as part of a broader strategy to lower government indebtedness, which includes exploring new financing instruments. Kouchouk announced that the government…

Prime Minister Mostafa Madbouly inaugurated the $60m expansion of Turkish company Hayat Egypt Hygienic Products, a factory that manufactures tissue paper from nonwoven materials. The expanded facility is located within Orascom Industrial Parks in the Sokhna Industrial Zone, part of the Suez Canal Economic Zone (SCZONE). The Prime Minister praised…

Egypt’s Minister of Civil Aviation, Sameh El-Hefny, inaugurated SITA’s new command center in Cairo—its first regional hub in the Middle East and Africa—marking a key milestone in Egypt’s strategy to become a digital leader in the global aviation industry. The launch of the center aligns with the Ministry of Civil…

Mohamed Farid, Chairperson of Egypt’s Financial Regulatory Authority (FRA), participated in the Africa/Middle-East Regional Committee (AMERC) meeting during the 50th Annual Meeting and Conference of the International Organization of Securities Commissions (IOSCO), held in Doha from 12 to 16 May. The event was hosted by the Qatar Financial Markets Authority.…

Mohamed Salah El-Din Mostafa, Minister of State for Military Production, emphasized that industry is a foundational pillar of both comprehensive economic development and national security. He cited its role in generating foreign currency, creating added value, and delivering tangible benefits to citizens. His remarks came during a session with the…

Egypt’s Minister of Planning, Economic Development and InternationalCooperation, Rania Al-Mashat, met with African Development Bank (AfDB) Group President Akinwumi Adesina during his visit to Egypt to discuss strengthening their strategic relationship and supporting sustainable development. Al-Mashat expressed gratitude for Adesina’s support of the partnership over the past decade and emphasised…