Month: November 2025

A comprehensive tourism master plan for the area surrounding the Giza Pyramids aims to significantly increase hotel room capacity by 2040 to accommodate the expected influx of visitors to the Grand Egyptian Museum (GEM), Minister of Housing Sherif El-Sherbiny said on Sunday. Speaking at a cabinet meeting led by Prime…

The Central Bank of Egypt (CBE) will on Monday offer a local Treasury bill auction denominated in US dollars, valued at $950m, with a tenor of 364 days, maturing on 1 December 2026. The proceeds of this auction will be directed towards repaying a previous T-bill issuance offered on 3…

Egypt’s President Abdel Fattah Al-Sisi on Sunday instructed the government to launch the second phase of tax facilitation measures aimed at encouraging voluntary compliance and easing the burden on taxpayers, the presidency said following a meeting with Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk. Al-Sisi was briefed on…

Egypt has “ambitious plans” to increase gold production at the Sukari mine and will support operator AngloGold Ashanti in accelerating operations to meet these targets, Prime Minister Moustafa Madbouly said on Sunday. During a meeting with company executives at the government headquarters in the New Administrative Capital, Madbouly stressed the…

EU Ambassador Angelina Eichhorst celebrated two decades of scientific cooperation between the European Union and Egypt, describing the milestone as a testament to the depth, purpose and enduring strength of their partnership. Speaking at the anniversary event, she recalled the signing of the EU-Egypt Science and Technology Cooperation Agreement twenty…

Egypt and the European Union inaugurated the “Egypt–EU Research and Innovation Week” on Sunday to celebrate the 20th anniversary of their science and technology cooperation agreement, with senior ministers and EU officials highlighting the role of research partnerships in addressing global challenges. Egypt’s Health Minister and Deputy Prime Minister Khaled…

Coldwell Banker Egypt, a leading real estate advisory and marketing firm, has entered into a strategic partnership with Sakr Investment Management to promote and operate Farida, Egypt’s first digital platform for fractional real estate ownership. The partnership introduces a new investment model to the Egyptian market, allowing investors to purchase…

Egypt is actively pursuing deeper economic integration with African nations through joint infrastructure projects and increased private sector participation, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat said on Saturday. Speaking at a meeting with ambassadors from seven African countries, Al-Mashat stated that President Abdel Fattah Al-Sisi has…