العربية

Category: News

Finance Minister seeks closer cooperation with Mostakbal Misr to drive growth

Egypt’s Finance Minister Ahmed Kouchouk said the ministry is seeking to deepen cooperation with the Mostakbal Misr for Sustainable Development Authority across activities that support and accelerate national economic growth. Kouchouk said the partnership will focus on implementing development projects capable of generating sustainable employment opportunities, while promoting broader private…

Egypt’s manufacturing, extractive index declines 2% in January

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) reported a 2% month-on-month decline in the manufacturing and extractive industries production index for January 2026, according to preliminary data. CAPMAS said it has been applying an updated methodology for the index since January 2020, based on the 2012/2013 base year…

Madinet Masr Accelerates Ramadan Volunteering Under “Cultivating Communities” Strategy and Secures Athar Excellence Award for Best Practices in Sustainability & CSR

Cairo, 25 March 2026 – Madinet Masr (EGX code: MASR.CA), has launched a series of community initiatives during the holy month of Ramadan, building on the continued success of its development strategy, “Cultivating Communities”. In parallel with this community-driven momentum, the company was awarded the Excellence Award for Best Practices in…

Egypt’s free zones expand with 152 new projects in 2025, total reaches 1,243

Egypt’s Cabinet has highlighted the growing role of free zones in reshaping the country’s investment and trade landscape, supported by strong performance indicators and rising investor interest. Free zones remain a central pillar of Egypt’s investment ecosystem, offering a flexible and business-friendly environment that supports industrial and commercial activity. They…

Industry Minister reviews engineering industries roadmap with FEI chamber

Egypt’s Minister of Industry, Khaled Hashem, underscored the strategic importance of the engineering industries sector, describing it as a cornerstone of the country’s industrial base. His remarks came during a meeting with the Board of Directors of the Chamber of Engineering Industries at the Federation of Egyptian Industries (FEI), chaired…

Apache makes new gas discovery in Egypt’s Western Desert

U.S.-based Apache Corporation, in partnership with the Egyptian General Petroleum Corporation (EGPC), has announced a new natural gas discovery in Egypt’s Western Desert, the Ministry of Petroleum and Mineral Resources said. The discovery was made following the drilling of the SKAL-1X exploratory well in the South Kalabsha area. Initial test…

HDB renews Hassan Ghanem’s mandate as CEO for 2026-2029

The general assembly of Housing and Development Bank (HDB) has renewed the mandate of Hassan Ghanem as chief executive officer and managing director for a new term spanning 2026 to 2029. The decision follows a period of notable improvement in the bank’s financial and operational performance, supported by a strategic…