Day: November 9, 2025

The Central Bank of Egypt (CBE) announced that the country’s net international reserves exceeded the $50 billion mark for the first time in history, reaching $50.071bn in October 2025, up from $49.534bn in September — an increase of $537m. According to the CBE’s monthly report on foreign reserve developments, the…

Prometeon Egypt, part of the global Prometeon Tyre Group—a leading manufacturer of commercial, agricultural, and off-the-road (OTR) tyres—highlighted its commitment to local manufacturing, technological advancement, and sustainable development during MEA Industry 2025, held at the Egypt International Exhibition Center under the patronage of President Abdel Fattah Al-Sisi and the supervision…

Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, met with senior officials from the World Health Organization (WHO) on Sunday to discuss joint mechanisms for supporting health sectors affected by ongoing global crises. The talks centered on both short- and long-term strategies to rebuild medical capabilities in conflict zones…

Egypt’s Health Minister and Deputy Prime Minister Khaled Abdel Ghaffar met on Sunday with representatives of US-based medical supplies manufacturer Merit to discuss cooperation on local manufacturing and health sector development, the Ministry of Health confirmed. The meeting took place at the ministry’s headquarters in the New Administrative Capital, focusing…

Foreign Minister Badr Abdelatty and Minister of Petroleum and Mineral Resources Karim Badawi held a high-level meeting to discuss enhanced cooperation between their ministries, aimed at attracting greater foreign investment into Egypt’s petroleum sector and opening new avenues for Egyptian companies to compete globally through the Egypt Exploration and Production…

Cairo 3A, a vertically integrated agri-commodity group active in trading, manufacturing, and food processing, announced plans to invest $150m over the next three years as part of an ambitious expansion strategy to enhance its industrial production capacity. Alaa El Gamil, Vice President of the Industrial Sector at Cairo 3A Group,…

The General Authority for Investment and Free Zones (GAFI) will begin operating the administrative offices dedicated to hosting startups in the Nasr City Free Zone within six months, according to CEO Hossam Heiba. Heiba said GAFI also plans to allocate dedicated startup spaces in the Alexandria Free Zone, with a…

Arabia Developments has signed a strategic cooperation agreement with ElSewedy Industrial Development, a subsidiary of Elsewedy Electric Group, to develop and manage a fully integrated industrial zone in New 6th of October City, spanning over 2 million square metres. The initiative aligns with the government’s strategy to localize industry and…

The Central Agency for Public Mobilization and Statistics (CAPMAS) has released its monthly bulletin on Egypt’s foreign trade for August 2025, showing a year-on-year improvement in the trade balance driven by stronger export performance. According to the bulletin, Egypt’s trade deficit fell to $4.73bn in August 2025, compared to $4.96bn…