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Egypt, Greece seek to deepen investment, innovation partnership

The General Authority for Investment and Free Zones (GAFI) is working to strengthen investment cooperation with Greece as part of Egypt’s broader strategy to expand economic ties with international partners. GAFI CEO Mohamed El-Gawsaky met with Greek Ambassador to Cairo Nikolaos Papageorgiou to explore opportunities for joint investment, review the…

Egypt invests EGP 26.5bn to upgrade power transmission network in FY2025

Egypt invested approximately EGP 26.5bn in fiscal year 2024/2025 to modernize and expand its power transmission network, enhance grid efficiency, and integrate renewable energy into the national grid, the Ministry of Electricity and Renewable Energy said. Minister of Electricity and Renewable Energy Mahmoud Esmat reaffirmed the government’s commitment to ensuring…

Harby Group launches construction of Seven Residence in October Gardens

Harby Group has commenced construction on its latest residential development, Seven Residence, in October Gardens, following the receipt of ministerial approvals and the implementation of a payment model that links customer installments to construction progress. Spanning approximately 52 feddans, the project allocates just 25% of its total area to built-up…

Egypt, India discuss March trade mission to expand industrial exports

The Egyptian-Indian Business Council held an expanded meeting marking a new phase in economic relations between Egypt and India, shifting the focus from traditional trade exchange towards joint manufacturing, technology localisation, and deeper industrial partnerships, particularly in the chemicals and plastics sectors. The Monday meeting was chaired by Khaled Abou…

CBE’s role is not to push currency up or down: Governor

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), participated in the second edition of the AlUla Conference for Emerging Market Economies, organised by the Saudi Ministry of Finance in partnership with the International Monetary Fund (IMF). The conference was attended by Saudi Minister of Finance Mohammed bin Abdullah…

MSMEDA signs EGP 500m funding agreement with Suez Canal Bank

The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has signed a financing agreement worth EGP 500m with Suez Canal Bank to expand funding for industrial and productive projects and support export activities. The agreement forms part of joint efforts to enhance the export capacity of micro, small and medium…