العربية

Year: 2026

Egypt, Bulgaria discuss expanding industrial cooperation

Salah Gomblat, Minister of State for Military Production, met with Bulgaria’s Ambassador to Egypt, Dian Katrachev, to discuss ways of strengthening bilateral cooperation, saying Egyptian-Bulgarian relations continue to deepen with the support of the political leadership in both countries. During the meeting, Gomblat reviewed the manufacturing, technological and technical capabilities…

Egypt launches new water year with expanded reuse, digital transformation, and climate resilience projects

Egypt launched its 2026-2027 water year on Saturday after implementing a wide-ranging programme to modernise water management, including major projects for agricultural drainage water reuse, infrastructure rehabilitation, digital transformation, and protection against floods and coastal erosion, the Ministry of Water Resources and Irrigation said. The ministry said it had intensified…

IMF board approves $1.8bn disbursement for Egypt following seventh review

The IMF board approved a $1.8bn disbursement for Egypt following the seventh review under its Extended Fund Facility (EFF) arrangement and the second review under its Resilience and Sustainability Facility (RSF) arrangement. The completion of the reviews under the 48-month EFF and RSF arrangements enables Egyptian authorities to immediately draw…

Egypt approves TMG’s 506-acre ‘The Spine’ investment zone in New Cairo

Egypt’s Cabinet has approved the establishment of a special investment zone, The Spine, within the Madinaty development in New Cairo, paving the way for one of the country’s largest mixed-use investment projects with planned investments of approximately EGP 1.4tn. The decision, approved during the Cabinet’s weekly meeting on Thursday, authorizes…

IMF to provide $1.774 billion to Egypt following final Executive Board approval

The Executive Director at the International Monetary Fund (IMF) representing the Arab Group and Maldives on the Executive Board, Mohamed Maait, anticipates the transfer of the seventh tranche under the Extended Fund Facility (EFF) program with Egypt, alongside the second tranche under the Resilience and Sustainability Facility (RSF)—totaling $1.774 billion—within…