Category: News

Prime Minister Mostafa Madbouly witnessed the handover of the leadership of the Suez Canal Economic Zone (SCZONE) between newly appointed chairperson Mostafa Sheikhoun and outgoing chairperson Waleid Gamal El-Din. Madbouly received Sheikhoun following a presidential decree by President Abdel Fattah Al-Sisi appointing him as the new chairperson of SCZONE, alongside…

The Cabinet Media Centre has highlighted key industrial investment opportunities and advantages across Upper Egypt, including infrastructure and logistics, investment incentives and efforts to develop skilled workers, which it said are strengthening the region’s ability to attract investment, expand industrial activity and create jobs. The centre said efforts to promote…

Egypt has launched its first offering of industrial land under a new lease-to-own system, comprising 540 plots with a combined area exceeding 5.7 million sqm across 20 industrial zones in 15 governorates nationwide. The offering, introduced by the Industrial Development Authority (IDA), aims to ease the initial financial burden on…

Egypt is accelerating the construction of fourth-generation cities and the modernisation of vital infrastructure along its North Coast to drive sustainable economic development and attract local and foreign investments, government officials announced on Tuesday. The updates were presented during a meeting chaired by Prime Minister Mostafa Madbouly at the government…

Egypt launched a mobile application for real estate transactions on Tuesday to provide faster and easier services to citizens, a move unveiled by Prime Minister Mostafa Madbouly during the inauguration of a new Premium Tax Services Center in New Alamein City.   Developed to support the state’s efforts to simplify…

Egypt plans to establish a new investment entity to coordinate its investments in Africa and is urging the Arab Bank for Economic Development in Africa (BADEA) to expand its backing for continental infrastructure and trade initiatives, Foreign Minister Badr Abdelatty said on Sunday. Abdelatty, who serves as Minister of Foreign…

Egyptian Minister of Industry Khaled Hashem participated in laying the foundation stone for the Sungrow Power Suez plant, which will specialize in advanced battery energy storage systems (BESS) and is set to become the first dedicated energy storage systems manufacturing facility in the Middle East and Africa. The plant is…

Egypt’s Electricity and Renewable Energy Minister Mahmoud Esmat has received UAE Ambassador to Cairo Hamad Al Zaabi to discuss ways to strengthen bilateral cooperation and support investment in the electricity and renewable energy sectors. During the meeting, Esmat praised the longstanding ties between Egypt and the UAE and the close…

The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has approved two companies to conduct various non-banking financial activities using fintech, following reviews by the committee responsible for examining applications to use fintech in non-banking financial services. The approvals come as part of the FRA’s ongoing efforts to enhance the…

The board of directors of the National Investment Bank (NIB), chaired by Ahmed Rostom, has appointed Dalia Mostafa as vice-chairperson and managing director of the bank, as part of efforts to strengthen its leadership with experienced banking professionals with a long track record in managing strategic and financial portfolios. Mostafa…