Day: July 13, 2025

Egyptian Prime Minister Mostafa Madbouly on Sunday inspected the Downtown Towers and Downtown Lagoons projects in New Alamein City to review their progress, his office said. Following meetings at the government’s headquarters in the new coastal city, Madbouly toured the sites accompanied by Minister of Housing, Utilities, and Urban Communities,…

Egypt’s Minister of Public Enterprises Sector, Mohamed El-Shimy, met with a high-level delegation from the World Bank Group at the ministry’s headquarters in the New Administrative Capital. The delegation included Stéphane Guimbert, World Bank Country Director for Egypt, Yemen, and Djibouti; Cheikh Oumar Seydi, Regional Director for North Africa at…

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), took part in the Annual Meeting of the Permanent Bureau of the Council of Arab Central Banks and Monetary Authorities’ Governors, held on Sunday, 13 July 2025, in Abu Dhabi. The meeting is a preparatory step ahead of the Council’s…

Prime Minister Mostafa Madbouly chaired a meeting on Sunday with Minister of Electricity and Renewable Energy Mahmoud Esmat and Minister of Petroleum and Mineral Resources Karim Badawi to follow up on key issues, including fuel supply to power plants, progress on renewable energy integration into the national grid, and the…

The insurance arms of Egypt’s Contact Financial Holding have expanded their partnership with the German Agency for International Cooperation (GIZ) Egypt to develop insurance solutions for small and medium-sized enterprises (SMEs) and to advance gender equality. The strategic partnership involves Sarwa Insurance, the group’s general insurance arm, and Contact Insurance…

Egypt and Italy have marked 50 years of a scientific and technological partnership at a workshop in Cairo, where officials and researchers from both countries discussed future collaboration in strategic sectors including energy and water management. The event, organised by the Italian Embassy in Cairo and Egypt’s Science, Technology and…

The Central Agency for Public Mobilization and Statistics (CAPMAS) reported that trade between Egypt and African Union (AU) countries reached $9.8bn in 2024, marking a 6.5% increase from $9.2bn in 2023. The figures coincided with President Abdel Fattah Al-Sisi’s participation in the African Union’s 7th Mid-Year Coordination Summit. According to…

Islam Tarek, Head of Marketing at Lipton Egypt—one of the world’s largest tea companies—announced that the company will boost its investments in the Egyptian market to EGP 100m by 2026, marking a 20% increase compared to this year. This expansion comes as part of a wider strategy focused on ramping…