العربية

Day: August 27, 2025

Egypt finalises preparations to produce new passenger car models amid growing Japanese cooperation

Egypt’s Minister of Public Enterprises Sector, Mohamed El-Shimy, affirmed that the ministry’s portfolio of companies is highly diversified, covering a wide range of sectors including cotton and textiles, chemicals and fertilisers, metallurgy and mining, automotive, pharmaceuticals, real estate development, contracting, tourism, and hospitality. El-Shimy said there are many promising investment…

Egypt’s SCZONE signs two projects with $11m in foreign investment

Egypt’s Suez Canal Economic Zone (SCZONE) has signed contracts for two new projects with German and Greek companies, representing a combined foreign investment of $11m. Walid Gamal El-Din, chairperson of the SCZONE General Authority, signed a contract with Ewald Franz Kosters, chairman of German outdoor furniture manufacturer Sun Garden, to…

CBE poised for rate cut as inflation cools, growth needs rise

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will convene its fifth meeting of 2025 on Thursday, with markets and analysts awaiting what many believe will be another milestone in Egypt’s monetary easing cycle. After months of slowing inflation and signs of macroeconomic stability, there is…

Sawiris defends his proposal to repay Egypt’s foreign Debt

Egyptian billionaire Naguib Sawiris defended his proposal to offer the remaining lands on the North Coast and the Red Sea in US dollars to Egyptians and foreigners to repay Egypt’s foreign debt. Sawiris said via his account on the “X” platform that “The economy will improve further in Egypt during…