العربية

Category: News

Indorama to invest $525m in Egypt fertiliser plant targeting 80% exports

Indorama Egypt Fertilisers has signed a contract to establish a new phosphate fertiliser plant in the Suez Canal Economic Zone (SCZONE) with a first-phase investment of $525m, targeting 80% of its production for export. The agreement, witnessed by Prime Minister Mostafa Madbouly at the government headquarters in the New Administrative…

Egypt to add 2,500 MW of renewable energy in 2026

Egypt plans to add 2,500 megawatts of renewable energy capacity to its national grid in 2026, the presidency announced Tuesday, as part of efforts to strengthen electricity stability and reduce reliance on fossil fuels.   The statement followed a meeting between President Abdel Fattah Al-Sisi, Prime Minister Mostafa Madbouly, and…

Egypt temporarily lists 6 state-owned firms on EGX under IPO programme

Egypt has temporarily listed six state-owned companies on the Egyptian Exchange (EGX), a move aimed at accelerating the government’s initial public offering (IPO) programme and increasing private sector participation in the economy. The listings include two subsidiaries of the Chemical Industries Holding Company: El Nahda Industries Company – El Nahda…

CBE bars credit facilities for unregistered entities

The Central Bank of Egypt (CBE) has instructed banks not to grant or renew credit facilities to non-banking credit providers unless they are officially registered, assigned a CBE code, and recorded on its information network as well as with the Egyptian Credit Bureau. In a circular addressed to banks, the…

Government addresses challenges with clarity, decisiveness: Minister of Planning

Ahmed Rostom, Minister of Planning and Economic Development, met with Chitose Noguchi, Resident Representative of the United Nations Development Programme in Egypt, to explore opportunities for joint cooperation in energy, digital transformation, and data systems development in support of sustainable development. The meeting reviewed the Egyptian government’s efforts, led by…

Housing Minister meets MPs to discuss citizens’ demands, development priorities

Egypt’s Minister of Housing, Utilities and Urban Communities, Randa El-Menshawy, met with members of the House of Representatives to review citizens’ demands and discuss key development files, joined by senior ministry officials and affiliated executive bodies. The meeting reflects ongoing coordination between the executive and legislative branches, aimed at improving…