Day: March 3, 2026

The European Bank for Reconstruction and Development (EBRD) is supporting aluminum production in Egypt by providing a loan of up to €13.7m to Alumil Misr for Trade and Industry, the Egyptian subsidiary of ALUMIL.   The EBRD’s financing will fund the construction and installation of a new aluminum extrusion line…

Egypt’s Minister of Industry, Khaled Hashem, has held his first expanded meeting with the Board of Directors of the Federation of Egyptian Industries (FEI), chaired by Mohamed El Sewedy, alongside heads of industrial chambers, as part of efforts to deepen engagement with manufacturers and address pressing production challenges. The meeting…

Egypt’s Health Ministry signed a memorandum of understanding (MoU) with Ain Shams University aimed at strengthening cooperation in health economics, evidence-based policymaking and medical investment, the ministry said on Tuesday. The agreement seeks to enhance healthcare service efficiency, support applied research and improve strategic decision-making based on data and scientific…

Egypt’s Water Resources and Irrigation Minister Hani Sewilam said preparations are underway to sign a cooperation protocol with the Transport Ministry and the Egyptian National Railways Authority to maximise the use of state-owned assets linked to the water sector. The remarks came during a meeting with the chairperson of MOT…

Basil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the agency has injected EGP 3bn into Qena during the period from July 2014 to December 2025. He noted that this funding enabled the financing of 99,000 diverse small and micro enterprises, generating 151,000 job…

Egypt’s economy recorded a growth rate of 5.3% during the second quarter of the current fiscal year (FY), the highest level since the third quarter of FY 2021/22, Prime Minister Mostafa Madbouly said on Tuesday. Speaking during a meeting with the heads of the House of Representatives’ standing committees in…

President Abdel Fattah al-Sisi’s directives to the government prioritize investment and foreign trade as fundamental pillars for achieving a strong economic leap, Prime Minister Mostafa Madbouly said. Madbouly was speaking during a meeting on Monday, March 2, 2026,  to review the investment ministry’s work plan, in the presence of Deputy…