Day: November 10, 2025

Egypt’s annual urban inflation rate rose to 12.5% in October 2025, up from 11.7% in September, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The increase was largely driven by higher fuel prices, following the government’s decision to raise petroleum product prices by 10.5–12.9% in October. The…

United Brothers for Engineering Industries, the parent company of Siltal, has unveiled its sales and marketing strategy for 2026, aiming to boost sales volumes and expand its presence in new international markets. Chairperson and Managing Director Hatem Raslan said the coming year will usher in a new phase of growth…

Egypt’s Acting Environment Minister and Local Development Minister Manal Awad announced on Monday the completion and online publication of the 2023 State of the Environment Report, reaffirming the government’s commitment to integrating environmental priorities across all development plans in line with Egypt Vision 2030. Awad said the report reflects unprecedented…

The European Bank for Reconstruction and Development (EBRD) has announced an additional $40m equity investment in its longstanding partner Infinity, Egypt’s leading renewable energy developer. The move raises the Bank’s total equity commitment to $141.5m, up from $101.5m. The fresh capital will help Infinity Power –Infinity’s joint venture with Abu…

President Abdel Fattah Al-Sisi said on Monday that Egypt’s hosting of the Global Outsourcing Industry Summit reflects international confidence in the country’s capabilities in the information and communications technology (ICT) sector, which has become a key driver of economic growth and job creation.   Al-Sisi met with leaders of 52…

Egyptian Prime Minister Mostafa Madbouly has called on investors and business leaders from Gulf Cooperation Council (GCC) countries to expand their investments in Egypt, particularly in sectors of shared strategic priority. He stressed the vital role of the private sector in driving economic growth and strengthening Egyptian-Gulf relations. Madbouly made…

Working groups formed as part of public consultations on “Egypt’s Narrative for Economic Development” have submitted their comments and proposals on the new economic reform plan, the Ministry of Planning announced. The groups reviewed the narrative’s chapters and provided feedback on macroeconomic stability, investment and foreign trade, industrial development, and…

Egypt’s State Ownership Policy Document has paved the way for the local, Arab, and foreign private sector to contribute to economic development by stipulating the state’s exit from economic sectors that account for about 85% of GDP, the head of the country’s investment authority has said. Hossam Heiba, CEO of…

Petroleum and Mineral Resources Minister Kareem Badawi affirmed Egypt’s commitment to encouraging greater investment by private-sector partners from Arab countries in the energy and mining sectors. His remarks came during the Egypt-Gulf Cooperation Council Trade and Investment Forum, organised by the Ministry of Foreign Affairs in cooperation with the GCC…