العربية

Day: June 14, 2025

Prime Minister inspects Maghrabi Agriculture in Beheira

Prime Minister Mostafa Madbouly toured the facilities of Maghrabi Agriculture Company (MAFA) in Beheira, accompanied by Minister of Local Development Manal Awad, Minister of Agriculture Alaa Farouk, and Beheira Governor Jacqueline Azar. The Saturday visit reaffirmed the government’s commitment to supporting agricultural projects within the framework of Egypt’s 2030 Sustainable…

Gold surges 3.7% amid escalating Middle East tensions: Gold Bullion

Global gold prices climbed sharply over the past week, fuelled by rising geopolitical tensions following military exchanges between Iran and Israel. The renewed conflict prompted a flight to safe-haven assets, driving gold to its highest level in two months. According to Gold Bullion, the price of gold rose by 3.7%…

Egypt to announce new private sector financing deals at Sunday conference

Egypt’s Ministry of Planning, Economic Development and International Cooperation will hold a conference on Sunday in the New Administrative Capital focused on development finance to support private sector-led growth and job creation. The event, titled “Development Finance to Foster Private Sector-Led Growth & Jobs,” is expected to feature the announcement…

Egypt selected for $1bn climate fund decarbonisation programme: Al-Mashat

Egypt has been selected as one of seven countries to benefit from the Climate Investment Funds’ (CIF) $1bn Industrial Decarbonisation Programme, Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat announced on Saturday. Egypt was chosen from a global pool of 26 applicants for the programme, which is the…

Grand Egyptian Museum opening delayed to Q4

The official opening of the Grand Egyptian Museum (GEM) has been postponed to the final quarter of this year, Prime Minister Mostafa Madbouly announced on Saturday. Speaking at a press conference at Wadi El Natrun Hospital, Madbouly confirmed the delay from the previously scheduled date of July 3rd, adding that…

Why has Egyptian state allocated land to Ministry of Finance?

President Abdel Fattah Al-Sisi has issued Presidential Decree No. 303 of 2028, allocating a parcel of state-owned land—measuring approximately 41,515.55 feddans (equivalent to 174.4 million square metres)—in the Red Sea Governorate to the Ministry of Finance. The allocation is aimed at supporting public debt reduction efforts and facilitating the issuance…

Al-Mashat discusses economic and investment ties with UK ambassador

Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat met with British Ambassador to Egypt Gareth Bayley to discuss ways to boost economic and investment relations and diversify financing mechanisms from British financial institutions for the private sector. The meeting focused on ongoing cooperation between the two countries in…