Egypt explores infrastructure financing, guarantee mechanism with World Bank

Ahmed Rostom, Minister of Planning and Economic Development, inaugurated a high-level consultation session with the World Bank Group as part of joint efforts to examine an infrastructure financing and guarantee mechanism for Egypt. The meeting brought together Hussein Eissa, Deputy Prime Minister for Economic Affairs; Mahmoud Essmat, Minister of Electricity…

New Delta expands Egypt’s cultivated land by more than 20%: Madbouly

Egyptian Prime Minister Mostafa Madbouly described the New Delta Project as a major integrated national initiative that reflects the state’s commitment to strengthening food security and reshaping Egypt’s agricultural landscape. Madbouly made the remarks during the government’s weekly meeting at the Cabinet headquarters in the New Administrative Capital, where ministers…

FM reaffirms Egypt’s commitment to economic reforms in talks with EBRD chief

Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty said during a meeting in London with President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso that the Egyptian government remains committed to continuing its economic reform program to achieve sustainable and inclusive growth. Abdelatty said…

Al-Sisi reviews inflation, record reserves with CBE governor

Egyptian President Abdel Fattah Al-Sisi met with Central Bank of Egypt (CBE) Governor Hassan Abdalla to review inflation trends, foreign currency reserves, and overall economic performance amid ongoing regional geopolitical tensions. According to a presidential statement, the meeting assessed Egypt’s economic reform programme and the impact of regional conflicts on inflation,…