News

Mohamed El-Gawsaky, Chief Executive Officer of GAFI, met with Emad El-Sewedy, Chairperson of ElSewedy Electrometer, in the presence of Mohamed Shawky, Director of the company’s Electricity Business Line, and Hesham Shaker, Director of Financial Planning and Budgeting. The meeting focused on addressing existing challenges, enhancing cooperation, and supporting the company’s…

Minister of Petroleum and Mineral Resources Karim Badawi met with senior executives from international oil companies operating in Egypt to discuss advancing drilling technologies and accelerating field development in line with global best practices, as part of a five-year strategy to double the country’s crude oil production. During the meeting,…

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 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…

Egypt’s Financial Regulatory Authority (FRA) has raised the maximum age for microfinance insurance from 60 to 65 years as part of an updated standard group insurance model, according to a statement from the authority. The decision, issued by FRA Chairperson Mohamed Farid, introduces a new framework for life and permanent…

Egypt’s Ministry of Supply and Internal Trade has ordered a significant reduction in the price of frozen poultry at state-affiliated outlets and “Ahlan Ramadan” exhibitions, moving the price below the current rate of EGP 120, Minister Sherif Farouq said on Monday. The price cut is part of a broader effort…

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…