Day: June 24, 2025

HSBC Egypt, in collaboration with the Egyptian-British Chamber of Commerce (EBCC) and UK Export Finance (UKEF), proudly hosted the EBCC-HSBC-UKEF Investment and Infrastructure Forum at its Head Office in Cairo. The forum served as a strategic highlight of the broader EBCC-Department for Business and Trade (DBT) infrastructure mission to Egypt…

In a significant policy shift, Prime Minister Mostafa Madbouly has issued a decree cancelling the electricity price reduction granted to industrial activities since 2020. The change, effective from 1 July 2025, marks a reassessment of Egypt’s approach to industrial energy subsidies. The now-revoked Decree No. 781 of 2020 had offered…

HMZ Holding, the parent company of Homzmart—Egypt’s leading e-commerce furniture platform—announced on Tuesday the official launch of Joint, its newly established industrial subsidiary specialising in home furniture manufacturing and supply chain management. The launch coincides with the inauguration of the Joint Plant, a state-of-the-art factory located in the 6th of…

Mohamed El-Shimy, Minister of the Public Enterprises Sector, held a series of high-level bilateral meetings on the sidelines of the 17th US-Africa Business Summit, currently taking place in Luanda, Angola, from 22 to 25 June. El-Shimy is participating as Egypt’s official representative, accompanied by Nevine El-Husseiny, Egypt’s Ambassador to Angola,…

Egyptian President Abdel Fattah Al-Sisi has directed the government to intensify efforts to attract investment in the renewable energy sector and pursue the local manufacturing of its components, the presidency said in a statement. The president met in Alamein City on Tuesday with Prime Minister Mostafa Madbouly and Minister of…

Egypt’s Minister of Planning and Economic Development, Rania Al-Mashat, has highlighted the country’s economic reforms and resilience during a meeting with World Economic Forum (WEF) President Børge Brende in Tianjin, China. The meeting, in which Minister of Investment and Foreign Trade Hassan El-Khatib also participated, took place at the opening…

Egypt’s Environment Minister Yasmine Fouad inaugurated a major eco-tourism development project in the village of El-Gharqana, located within the Nabq Protected Area in Sharm El-Sheikh. The initiative is part of the country’s “Green Sharm” program, in collaboration with the United Nations Development Programme (UNDP), aiming to transform the Red Sea…