Category: News

• 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,…

Egypt’s private sector accounted for 63% of the country’s total investments over the past year, becoming the largest contributor to economic growth following a 32% increase in private investments, Minister of Finance Ahmed Kouchouk said. Speaking during an open dialogue with the business community at the American Chamber of Commerce…

The Financial Regulatory Authority (FRA) has launched an extensive dialogue with stakeholders to develop the services, procedures, and electronic operating system of the Egyptian Movable Collateral Registry, in line with directives from FRA Chairperson Islam Azzam to monitor the effectiveness of services provided by the registry and identify key observations…

The Financial Regulatory Authority (FRA) has approved the establishment, registration and licensing of 11 companies and entities to conduct non-banking financial activities, alongside the establishment of investment funds and specialised companies operating across several activities. The decisions included approval for the establishment of Tafra Investment Group, a special purpose acquisition…

Egyptian Minister of Electricity and Renewable Energy Mahmoud Esmat reviewed plans to upgrade the national unified power grid to absorb new solar and wind capacities and implement battery storage projects to ensure a sustainable electricity supply. During a meeting with the ministry’s strategic committee, Esmat discussed scenarios to secure the…

Egypt’s Ministry of Industry held a roundtable with German industrial companies operating or seeking to invest in the Egyptian market to discuss expansion plans, challenges, and potential solutions, as part of efforts to strengthen industrial and investment cooperation between the two countries. The meeting was chaired by Minister of Industry…

Minister of Health and Population Khaled Abdel Ghaffar discussed with a World Bank delegation existing cooperation frameworks and areas of future partnership to support Egypt’s health sector, as part of ongoing efforts to develop the healthcare system and improve the quality of services provided to citizens. Ministry Spokesperson Hossam Abdel…