Year: 2025

Egypt’s Chemicals and Fertilizers Export Council, chaired by Khaled Abou El Makarem, is preparing a comprehensive memorandum to be submitted to Prime Minister Mostafa Madbouly before 15 January, proposing a set of executive measures to stimulate industrial investment, expand production capacities, and strengthen the global competitiveness of Egypt’s chemical sector.…

Egypt’s Health Minister Khaled Abdel Ghaffar met executives from Curagita Group and ACH on Tuesday to discuss investment opportunities and cooperation in the healthcare sector, with a particular focus on upgrading the radiology department at the Nile Medical City project, the health ministry said in a statement. Ministry spokesperson Hossam…

Egypt has marked a major milestone in its biopharmaceutical development with the laying of the foundation stone for the GENNVAX vaccine manufacturing facility, which is set to become the largest fully integrated vaccine production complex in the Middle East and Africa. The project represents a strategic step towards localising the…

Egypt is targeting an “exceptional” improvement in its budget debt indicators while implementing a second package of tax facilities that includes cutting value-added tax (VAT) on medical equipment to 5% from 14%, Finance Minister Ahmed Kouchouk said on Tuesday. Speaking at the Hapi Journal Conference on economic competitiveness, Kouchouk stated…

Mohamed El-Shimy, Minister of the Public Enterprises Sector, announced that exports by affiliated companies reached approximately $1bn during fiscal year (FY) 2024/2025, with 40% of companies now exporting to international markets. He added that sector revenues rose by around 20% year-on-year, while the market capitalisation of publicly listed companies increased…

Egypt has held the first meeting of a committee tasked with rolling out a national “green label” certification system for plastic products and packaging, as part of broader efforts to promote sustainability and advance a circular economy, the Ministry of Environment said. The meeting was chaired by Yasser Abdallah, head…

Egypt has launched trial operations at Red Sea Container Terminal No. 1 at Sokhna Port, marking a significant milestone in its strategy to transform national ports into a regional hub for transport, logistics and transshipment. The launch was inaugurated by Deputy Prime Minister for Industrial Development and Minister of Industry…

Prime Minister Mostafa Madbouly urged business leaders to “double” their investments in Egypt on Monday, citing the country’s lowest trade deficit in a decade and record non-oil exports as evidence of a “vast and promising” economic climate. Speaking at a meeting with export council heads and Investment Minister Hassan El-Khatib,…