Day: November 8, 2025

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir has stated that the 8th International Egyptian Dates Festival is receiving strong state support, reflecting Egypt’s focus on developing promising industrial and export sectors. The festival runs from 8–10 November. Al-Wazir highlighted presidential directives to implement…

Egypt’s unified government complaints system received 193,000 complaints, requests, and inquiries in October, with ministries handling 62% of the total, the prime minister’s office said. Prime Minister Mostafa Madbouly reviewed a detailed report on the system’s performance and praised the efforts of the various ministries, governorates, and government agencies in…

The Central Bank of Egypt (CBE) has revealed that net foreign assets (NFAs) within the banking system rose by the equivalent of EGP 115.2bn during the fiscal year (FY) 2024/2025, recording a growth rate of 18.4%. This increase resulted from a rise of EGP 110.1bn in NFAs held by commercial…

The Suez Canal on Saturday witnessed the passage of the CMA CGM BENJAMIN FRANKLIN, the largest container ship to transit the waterway in two years, in what the canal authority’s chairperson described as a positive sign of traffic returning to the crucial trade route. Admiral Osama Rabie, chairperson of the…

Basil Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), affirmed the strong support provided by the Ministry of Finance to the small and medium enterprise (SME) sector through the General Authority for Government Services, and its cooperation with MSMEDA to facilitate the participation of micro, small,…

Polish investments in Egypt have recorded remarkable growth in recent years, reaching over $1.7bn, supported by several major projects led by leading Polish companies. Among the most prominent are Hynfra’s $1.6bn green ammonia production project, Padma’s €70m investment in furniture manufacturing, and Ferrum’s $60m project to produce storage silos. These…

The Grand Egyptian Museum (GEM) is a strong addition to cultural tourism in Egypt and will help the country achieve its goal of attracting 30 million tourists by 2030, Minister of Planning Rania Al-Mashat has said. In an interview with Richard Quest on CNN International, Al-Mashat described the new museum…

The Central Bank of Egypt (CBE) reported a notable rise in broad money supply within the banking sector, reaching EGP 13.622trn in September 2025, up from EGP 13.388trn in August. The increase of roughly EGP 234bn reflects continued liquidity growth across key components of the money supply. Money supply volume…

Mohamed Abul Soud, CEO of the Agricultural Bank of Egypt (ABE), announced that the bank is preparing to launch a comprehensive package of new financing and banking services designed specifically to support small-scale farmers and stimulate investment across Egypt’s agricultural sector. The upcoming products, which will be offered through simplified…