Day: November 23, 2025

Finance Minister Ahmed Kouchouk said the government is developing new incentive measures to stimulate productive sectors and strengthen entrepreneurship across the Egyptian economy. He added that the ministry is working with the Micro, Small and Medium Enterprise Development Agency (MSMEDA) on a new initiative that will provide youth with affordable…

Egypt signed a €53.8m concessional financing and grant agreement with the French Development Agency (AFD) and the European Investment Bank (EIB) to support its Sustainable Green Industries (GSI) programme, which promotes greener industrial production, reduces emissions, and enhances competitiveness, the Planning Ministry said on Sunday. Planning and International Cooperation Minister…

The Ministry of Agriculture and Land Reclamation announced that total financing for the National Veal Project, covering both local and imported calves, has reached EGP 10.053bn. The initiative has benefited more than 45,100 small farmers, young graduates, and women in villages included in the Decent Life programme. The funding has…

Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, reviewed the latest foreign trade indicators for October 2025, highlighting continued growth in exports and a significant decline in the trade deficit, according to a report from the General Organization for Export and Import Control. The report showed that total exports…

Egypt will introduce new accounting and auditing standards tailored for small and medium-sized enterprises (SMEs) as part of a broader reform of the profession, Financial Regulatory Authority (FRA) Chairperson Mohamed Farid said on Saturday. He said the move would strengthen compliance, improve financial reporting quality and align Egyptian standards with…

Egypt’s Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat on Sunday opened a high-level workshop introducing the Sustainable Green Industries Program, saying it reflected the central role of international cooperation in advancing economic development and accelerating the country’s industrial transition. The event, titled “The Sustainable Green Industries Project…

Brassbell Hospitality Group has entered the Saudi Arabian market with the launch of the Fanaya Hotel in Jeddah, the first property under its newly introduced Fanaya brand and the starting point of a planned multi-phase expansion across the Kingdom. The opening comes as Saudi Arabia continues to scale up its…

BINBAZ Developments has entered Egypt’s real estate market with the launch of its first project, WestVille, in West Cairo, marking the beginning of the company’s long-term investment strategy in the country. Mohamed Khattab, CEO of BINBAZ Developments, said WestVille introduces a development model centred on integrated services and a well-connected…