Day: September 22, 2026

The Central Bank announced on Monday that remittances from Egyptians working abroad increased by 28.1 percent during the first seven months of 2026, recording approximately $29.7 billion, compared to around 23.2 billion dollars during the same period last year. The bank explained that remittances from Egyptians working abroad continued their…

• Announcement made during high-level government delegation visit to the facility.• New investment expands L’Oréal’s production capacity in Egypt, reinforcing the country’s role as a strategic manufacturing and export hub.• The LEED-certified plant in Cairo has reached 100% renewable energy and covers 100% of its industrial purposes with recycled or…

Minister of Investment and Foreign Trade Mohamed Farid stressed the importance of supporting existing investments and maximizing the use of available production capacities to increase output, expand local manufacturing and create jobs. He also underscored the importance of boosting exports by existing companies and opening new markets for Egyptian products,…