MSMEDA discusses extending technical cooperation with JICA

The Micro, Small and Medium Enterprise Development Agency (MSMEDA) held the third Joint Coordination Committee meeting for the Japanese Technical Cooperation Project, attended by Ibisua Yu, Chief Representative of the Japan International Cooperation Agency (JICA) in Egypt; Takaki Yamamoto, First Secretary at the Japanese Embassy; the JICA project team; agency…

Egypt, Slovenia discuss economic ties, direct air links

CAIRO, Nov 24 (MENA) – Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty underlined Egypt’s keenness to advance cooperation with Slovenia across economic, trade, investment, and cultural fields, as well as efforts to launch direct flights between the two countries to support tourism and investment flows. The minister…

Egypt, Azerbaijan hold talks to deepen economic and digital cooperation

Egypt’s Planning and Economic Development Minister Rania Al-Mashat met Azerbaijan’s Digital Development and Transport Minister Rashad Nabiyev in Cairo on Monday as the two countries opened the sixth session of the Joint Egyptian–Azerbaijani Committee for Economic, Scientific and Technical Cooperation. Al-Mashat said Egypt is seeking to widen cooperation across a…

KarmSolar speeds up Egypt’s renewable energy drive

Egypt’s clean-energy transition is gaining fresh momentum as KarmSolar expands its footprint in the national solar market through a series of new, large-scale projects. The company, led by CEO Ahmed Zahran, plans to invest $110m over the next three years to develop solar infrastructure across key regions, while simultaneously rolling…

Banking consortium grants EGP 5bn syndicated loan to Drive Finance

A consortium of leading Egyptian banks – the National Bank of Egypt (NBE), Commercial International Bank (CIB), Arab African International Bank (AAIB), Banque du Caire, Housing and Development Bank (HDB) and Emirates NBD Egypt – has granted a long-term syndicated loan worth EGP 5bn to Drive Finance, the non-banking financial…

Egypt targets 20% industrial GDP share by 2030: Minister

Minister of Local Development and Acting Minister of Environment Manal Awad said Egypt aims to raise the industrial sector’s contribution to 20% of GDP by 2030, expand the share of green industries to 5%, and double industrial employment to seven million jobs. These targets align with the urgent industrial development…