News

Egypt’s Prime Minister Mostafa Madbouly has appointed Mohamed El-Gawsaky as the executive director of the General Authority for Investment and Free Zones (GAFI) for a one-year term, according to a government statement. The appointment is part of state efforts to enhance the investment climate and stimulate economic growth. El-Gawsaky brings…

AE Media Production (AEMP) reported a strong increase in business activity during 2025, with the company doubling its volume compared to the previous year, according to statements by its management. Abdelrahman Essam, Chief Executive Officer of AEMP, said the company expanded its operations in 2025 despite ongoing challenges in the…

From 2018 to 2025, financial technology in Egypt has shifted from being a convenience to becoming an essential economic infrastructure. Started in 2020, several firms in Egypt employed digital financial tools like mobile wallets and digital payments. According to a 2024  report published by Visa titled Value of Acceptance: Understanding…

Prime Minister Mostafa Madbouly handed over housing contracts to beneficiaries of the national housing project for youth in the town of Tod, during his visit to several development and service projects in Luxor on Saturday. The project, known as “Tod Housing,” involves the completion of 30 residential buildings. Hosni Mansour,…

Mohamed El-Shimy, Minister of Public Enterprises Sector, said that the national project to develop the textile and spinning industry is receiving strong support and close attention from the political leadership, noting its pivotal role in strengthening national industry and boosting the competitiveness of Egyptian products in both local and international…

The Ministry of Agriculture and Land Reclamation, through the Livestock and Poultry Development Sector, announced that it issued approximately 1,165 operating licences in December 2025. The licences included both renewals and first-time approvals for projects related to livestock production, feed manufacturing, poultry activities, and milk collection centres. The announcement was…

The Ministry of Finance announced that it will offer eight treasury bill and bond tenders this week with a combined value of EGP 190bn, as part of its ongoing financing plan. The offerings include four treasury bill tenders worth EGP 160bn and four treasury bond tenders totaling EGP 30bn. According…