Day: July 29, 2025

Egypt’s Suez Canal Economic Zone (SCZone) has secured contracts worth $8.6bn for 297 industrial, service, logistics, and port projects since the start of the 2022/2023 fiscal year, its chairman said on Monday. In a meeting with Prime Minister Mostafa Madbouly, SCZone Chairman Waleid Gamal El-Dein said the authority’s promotional efforts…

The Ministry of Finance has announced plans to issue a total of 32 tenders for treasury bills and bonds, amounting to EGP 670bn in August. Of this, EGP 580bn will be allocated to treasury bills, while EGP 90bn will be dedicated to bonds. This issuance is part of the government’s…

Alaa Farouk, Egypt’s Minister of Agriculture and Land Reclamation, announced that the country’s agricultural exports have surpassed 6.24 million tonnes as of mid-month, marking an increase of 575,000 tonnes compared to the same period last year. According to a report from Ahmed Ezzam, Head of the Agricultural Services and Follow-up…

The Committee for the Establishment and Licensing of Companies, under the supervision of the Financial Regulatory Authority (FRA), has granted licences to four companies to expand their operations in Egypt’s non-banking finance and investment sectors. Among the approvals, Al Ahli Kuwait – Egypt Leasing Company has been licensed to add…

Prime Minister Mostafa Madbouly chaired a critical meeting on Tuesday at the government headquarters in New Alamein to discuss strategies for reducing the prices of essential goods. The meeting brought together key stakeholders, including traders, manufacturers, and the Federation of Egyptian Chambers of Commerce, to outline concrete actions aimed at…

Sherif Farouk, Egypt’s Minister of Supply and Internal Trade, held a meeting today with Adeeb Yousuf Al Aama, CEO of the International Islamic Trade Finance Corporation (ITFC), at the Ministry’s office in Alamein. The meeting focused on expanding their partnership and exploring new opportunities for enhanced cooperation. During the discussion,…

Waleid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), met with Ricardo Icaza, Ambassador of Panama to Egypt, on Tuesday at the SCZONE headquarters in the New Administrative Capital. The meeting focused on deepening cooperation in maritime transport, logistics, and targeted industrial sectors. Gamal El-Din emphasized that the…

Prime Minister Mostafa Madbouly stressed the importance of the “National Narrative for Economic Development,” describing it as a key document, reference framework, and practical roadmap for the new economic model Egypt seeks to implement. He said the narrative aims to consolidate various policies, strategies, and targets into a unified platform…