Category: News

Vacation rental booking platform Garnest is planning to expand its operations in Egypt after attracting more than 5,000 customers and listing over 500 accommodation units within its first two months of operation. Ahmed Fazara, Founder of Garnest, said the company aims to reach 100,000 customers and increase the number of…

Minister of Electricity and Renewable Energy Mahmoud Esmat met with a delegation from Orascom Construction, headed by CEO Osama Bishai, to review progress on the 900 MW Ras Shukeir wind power project and stress the need to adhere to its timetable and take the necessary measures to connect it to…

Industry Minister Khaled Hashem and Giza Governor Ahmed El-Ansary held a meeting to review work files and the regularization of investors’ status in the Jerza Industrial Zone in Al-Ayyat and the Arab Abu Saed Industrial Zone in Al-Saff. The meeting covered the status of regularization files, detailed plans for the…

Minister of Planning and Economic Development and Egypt’s Governor at the Islamic Development Bank Group Ahmed Rostom said Egypt is developing an innovative mechanism to support and guarantee financing for infrastructure projects through the Egypt Infrastructure Financing Guarantee Facility (IFGF). The mechanism aims to mobilise long-term financing in local currency,…

Egypt is seeking to expand and diversify its portfolio with the Asian Infrastructure Investment Bank (AIIB), with a focus on energy, transport, ports, and logistics, alongside greater financing for the private sector. Egyptian President Abdel Fattah Al-Sisi discussed future cooperation with AIIB President Zou Jiayi at a meeting attended by…

Minister of Petroleum and Mineral Resources Karim Badawi affirmed that upgrading infrastructure in the petroleum sector represents a key pillar to bolster energy security and support Egyptian economic competitiveness, noting that upgrading refineries, improving crude and petroleum product transport networks, and expanding storage capacities top sector priorities in the coming…

Egypt’s participation in a Chinese international exhibition will open new horizons for domestic products in global markets and enhance trade cooperation, the chief executive of the country’s enterprise development agency said.   Mostafa Hassan stated that the Micro, Small and Medium Enterprises Development Agency (MSMEDA) is representing Egypt at the…

The Ready-Made Garments and Home Textiles Chamber at the Federation of Egyptian Industries (FEI) has participated in workshops held in Sweden as part of the EU-funded AlignVET project, which aims to align Egypt’s technical and vocational education and training programmes with the actual needs of the labour market. Funded through…