News

ElAraby Group announced during a press conference that it will formally conclude all industrial and commercial agreements with Toshiba Home Appliances by the end of 2025. The Group also unveiled nearly $500m in new investments and strategic partnerships in the manufacturing of home appliances, electronics and related components, in cooperation…

The Suez Canal Authority (SCA) is ready to open new markets and expand its presence across the African continent, Chairperson Osama Rabie said on Wednesday, as the authority signed a memorandum of understanding (MoU) with the Namibian Ports Authority to assist in port development and maritime training. The agreement, signed…

Manal Awad, Minister of Local Development and Acting Minister of Environment, held a meeting with a group of investors to discuss opportunities to expand sustainable environmental investment in Egypt’s natural reserves and to promote eco-tourism. The meeting was attended by the Head of the Environmental Affairs Agency, several ministerial assistants…

CAIRO, Dec 16 (MENA) – The government has set reducing public and external debt, along with lowering debt-servicing costs, as one of the key objectives of its current economic policy, Prime Minister Mostafa Madbouly said. Madbouly made the remarks while chairing a meeting of the External Debt Management and Borrowing…

Egypt has secured $9.5bn in concessional financing to support the state budget since the beginning of 2023, linked to structural and sectoral reforms, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat said on Tuesday. Speaking at a conference on economic competitiveness, Al-Mashat stated that reforms supporting growth and…

Egyptian billionaire businessman Naguib Sawiris said he is interested in managing and operating three Egyptian airports, as the government moves ahead with plans to open airport operations to private-sector participation. Speaking on Tuesday at the Conference on the Competitiveness of the Egyptian Economy in Cairo, Sawiris said an Italian company…

Egypt’s Chemicals and Fertilizers Export Council, chaired by Khaled Abou El Makarem, is preparing a comprehensive memorandum to be submitted to Prime Minister Mostafa Madbouly before 15 January, proposing a set of executive measures to stimulate industrial investment, expand production capacities, and strengthen the global competitiveness of Egypt’s chemical sector.…

Egypt’s Health Minister Khaled Abdel Ghaffar met executives from Curagita Group and ACH on Tuesday to discuss investment opportunities and cooperation in the healthcare sector, with a particular focus on upgrading the radiology department at the Nile Medical City project, the health ministry said in a statement. Ministry spokesperson Hossam…

Egypt has marked a major milestone in its biopharmaceutical development with the laying of the foundation stone for the GENNVAX vaccine manufacturing facility, which is set to become the largest fully integrated vaccine production complex in the Middle East and Africa. The project represents a strategic step towards localising the…