Day: January 21, 2026

Egypt has paid approximately $5bn of outstanding arrears to foreign partners in the petroleum sector and remains committed to settling regular monthly invoices, Prime Minister Mostafa Madbouly said on Wednesday. Speaking during a weekly cabinet meeting at the government headquarters in the New Administrative Capital, Madbouly stated that arrears to…

Coca-Cola plans to open a new factory in Alexandria and more than double the workforce at its Cairo digital hub by 2027, company executives told Egyptian ministers on Wednesday. The expansion was discussed during a meeting at the World Economic Forum between Egyptian Minister of Finance Ahmed Kouchouk, Minister of…

Global protectionist policies are creating opportunities for African nations to attract industrial investment by encouraging companies to reshore activities to the continent, Egypt’s Minister of Planning, Economic Development and International Cooperation said on Wednesday. Speaking at the launch of the Brookings Institution’s “Foresight Africa” report during the World Economic Forum…

Egypt’s private sector investment grew by 73% over the past year and continued to rise by 48% in the first quarter of the current year, Minister of Investment and Foreign Trade Hassan El-Khatib said during meetings with the European Bank for Reconstruction and Development (EBRD) on Wednesday. Speaking on the…

Minister of Housing, Utilities and Urban Communities Sherif El-Sherbiny chaired a meeting of the Board of Directors of the Tourism Development Authority (TDA) to review the authority’s work agenda, assess the progress of tourism development projects, and discuss ways to accelerate tourism investment. During the meeting, the board approved a…

Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, has directed the ministry’s agencies to update preparedness plans for the 2026 peak summer water demand season, stressing the need for full operational readiness of irrigation and drainage systems and the use of modern monitoring technologies to ensure efficiency and service…

The Engineering Export Council of Egypt (EECE) has launched a trade mission to Kuwait, following the conclusion of a successful visit to the Qatari market, as part of its efforts to strengthen Egyptian engineering exports and expand their presence in high-potential regional markets. The mission is headed by Sherif El-Sayyad,…

Egypt’s fresh and processed agricultural exports reached a record $11.5bn in 2025, according to Alaa Farouk, Minister of Agriculture and Land Reclamation, underscoring the sector’s growing contribution to the national economy. Agricultural exports accounted for nearly 24% of Egypt’s total exports, highlighting agriculture’s role as a key driver of economic…