Day: August 2, 2025

Egypt’s Ministry of Communications and Information Technology has launched an annual competition called “Digitopia” to discover and support creative ideas and projects in the information technology sector, with prizes totalling EGP 10m. The competition aims to encourage innovators from primary school students up to the age of 35 to develop…

Egypt is working to revive its specialised industries, with a plan to restore the prominence of flax as a strategic, high-value raw material for the textile and manufacturing sectors, the country’s public enterprise minister said. Speaking during a tour of the Tanta Flax and Oils Company, Minister of Public Enterprise…

Ahmed Amoui, Head of the Egyptian Customs Authority, announced Saturday that the Minister of Finance has directed the Authority to build stronger partnerships with the business community to promote investment. “We are working to encourage the private sector to expand its production and investment activities,” Amoui said in a statement…

Egypt’s Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny has inspected the progress of utility infrastructure works for industrial land and the construction of a bridge over the high-speed electric train route in New Borg El Arab City. During his tour, the Minister reviewed the implementation of utility services…

Mohamed El-Shimy, Minister of Public Enterprises Sector, affirmed that the government is placing strong emphasis on maximising investment returns from state-owned assets and enhancing the contribution of public sector companies to the national economy. His remarks came during a meeting on Saturday morning with Ashraf El Gendy, Governor of Gharbeya,…

Egypt’s Minister of Electricity and Renewable Energy Mahmoud Esmat has held a meeting with leaders of the electricity sector and the heads of production, transmission, and distribution companies. The Saturday meeting forms part of the ministry’s broader work plan to enhance operational quality, improve performance levels, reduce energy losses, cut…

The European Bank for Reconstruction and Development (EBRD), as part of its ongoing efforts to promote industrial development and enhance Egypt’s business environment, has held a meeting with investors from the Gamasa industrial zone. The Saturday meeting brought together senior figures from the industrial sector alongside representatives of local production…

Egypt’s  Ministry of Petroleum and Mineral Resources announced on Saturday the arrival of the floating regasification unit “Energean Force” at Jordan’s Aqaba Port, ahead of its planned connection to the Arab Gas Pipeline and entry into service. The unit will regasify liquefied natural gas (LNG) shipments according to operational requirements…

NEW ALAMEIN, Egypt, July 31 (MENA) – The Coordinating Council for Fiscal and Monetary Policies, chaired by Prime Minister Mostafa Madbouly, affirmed during its meeting on Thursday the continuation of a flexible exchange rate system, as well as the implementation of the government’s initial public offerings (IPOs) program and the…