Year: 2025

El Nasr Clothing and Textiles Company (KABO) announced the rollout of a comprehensive development and expansion plan for its factories in Amreya and Hadra, a move that will raise the company’s total production capacity to more than 85,000 pieces per day once the upgrades are completed. The plan also increases…

Egypt has endured one of the most challenging economic periods in its recent history over the past two years. Surging inflation and sharp exchange-rate volatility have reshaped consumer behaviour, pushing households to prioritise essential goods over discretionary spending. According to Omar Elsahy, General Manager of Amazon Egypt, this shift has…

Mohamed El-Shimy, Minister of the Public Enterprises Sector, announced that several strategic projects and expansions are currently being implemented at Egyptalum in Nagaa Hammadi, a subsidiary of the Metallurgical Industries Holding Company. These initiatives aim to strengthen the company’s production capacity and competitiveness while introducing modern product lines that align…

Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), announced the release of the official guideline for the new cash investment incentive dedicated to industrial projects. The initiative reflects the government’s commitment to transparency, clarity, streamlined procedures, and accessible information for investors. Heiba confirmed that the…

Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, and Minister of Petroleum and Mineral Resources, Karim Badawi, witnessed on Sunday the signing of a cooperation protocol aimed at transforming petroleum-sector waste into value-added resources. The signing took place at the Electricity Ministry’s headquarters in the New Capital. The agreement…

Industrial Development Group (IDG) has announced the launch of its newest industrial park, e2 New October, in New October City. With investments totalling EGP 4.8bn and spanning 1.6 million sqm, the project represents a significant step forward in the development of integrated industrial communities in Egypt. The initiative aims to…

“It is impossible for residential unit prices to drop, unlike cars,” said Osama Saad, CEO of the Real Estate Development Chamber, as developers grapple with rising costs and shifting market conditions. Saad explained that recent fluctuations in the exchange rate and construction material prices prompted a series of meetings with…

Minister of Investment and Foreign Trade Hassan al-Khatib and Minister of Planning, Economic Development, and International Cooperation Rania al-Mashat on Saturday received the International Monetary Fund (IMF) mission in several separate meetings as part of the fifth and sixth reviews for the joint cooperation program between Egypt and the IMF.…

Egypt has joined 14 other countries in launching a National Health Compact, marking a major step toward expanding access to quality and affordable healthcare for millions of citizens. The initiative aligns with the World Bank Group’s goal, set in April 2024, of providing essential health services to 1.5 billion people…