News

Egypt’s Minister of Industry, Khaled Hashem, held an extensive meeting with representatives of Elaraby Group, led by CEO Mohamed El-Araby, to review the company’s current operations, future expansion plans, and the challenges facing its production activities. During the meeting, the group outlined its upcoming projects in New Quesna City, with…

Egypt’s Health Minister Khaled Abdel Ghaffar and Higher Education Minister Abdelaziz Konsowa held talks on integrating university hospitals into the country’s Universal Health Insurance system, according to a statement from the health ministry. The ministry said the step is aimed at strengthening institutional cooperation between the health and higher education…

Egypt’s Minister of Planning and Economic Development, Ahmed Rostom, held talks with Naoufel Telahigue, Regional Director of the Near East, North Africa, Europe and Central Asia Division at the International Fund for Agricultural Development (IFAD), to explore avenues for broadening cooperation in food security projects and strengthening support for smallholder…

The Sovereign Fund of Egypt (TSFE) has invited investment banks and specialised financial institutions to submit technical and financial bids to manage the sale of a stake of up to 20% in Misr Life Insurance, the Ministry of Investment and Foreign Trade said. The move to appoint a manager to…

The US dollar continued its rise against the Egyptian pound during trading on Tuesday, officially surpassing the LE50 mark in several banks operating in the local market. It made a new increase of approximately 20 piasters compared to Monday’s trading levels, amidst rapid movements in the exchange market and market…

The European Bank for Reconstruction and Development (EBRD) is supporting aluminum production in Egypt by providing a loan of up to €13.7m to Alumil Misr for Trade and Industry, the Egyptian subsidiary of ALUMIL.   The EBRD’s financing will fund the construction and installation of a new aluminum extrusion line…

Egypt’s Minister of Industry, Khaled Hashem, has held his first expanded meeting with the Board of Directors of the Federation of Egyptian Industries (FEI), chaired by Mohamed El Sewedy, alongside heads of industrial chambers, as part of efforts to deepen engagement with manufacturers and address pressing production challenges. The meeting…

Egypt’s Health Ministry signed a memorandum of understanding (MoU) with Ain Shams University aimed at strengthening cooperation in health economics, evidence-based policymaking and medical investment, the ministry said on Tuesday. The agreement seeks to enhance healthcare service efficiency, support applied research and improve strategic decision-making based on data and scientific…

Egypt’s Water Resources and Irrigation Minister Hani Sewilam said preparations are underway to sign a cooperation protocol with the Transport Ministry and the Egyptian National Railways Authority to maximise the use of state-owned assets linked to the water sector. The remarks came during a meeting with the chairperson of MOT…