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Egyptian Prime Minister Mostafa Madbouly inspected the new Control, Command and Technical Support Centre in the New Administrative Capital’s Government District on Wednesday, a facility managing what officials describe as the Middle East’s largest technological infrastructure serving 50,000 government employees. Accompanied by Minister of Communications and Information Technology Raafat Hindi,…

Egypt will completely pay off all outstanding arrears owed to foreign oil and gas partners by the end of June, target hydraulic fracturing to boost production, and has announced a gas discovery with an estimated 2 trillion cubic feet of reserves, Minister of Petroleum and Mineral Resources Karim Badawi said.…

Egypt has slashed its outstanding arrears to foreign oil companies to $1.2bn from $6.5bn, Investment and Foreign Trade Minister Mohamed Farid Saleh told a gathering of 18 US and global firms exploring new investments in the country as Cairo accelerates its economic reforms. Farid held the extensive roundtable, organised by…

Egypt’s economy expanded by 5.3% in the first half of the current fiscal year, Finance Minister Ahmed Kouchouk told international investors during a meeting in Washington, attributing the growth to private sector investments. Speaking at an open dialogue organised by Jefferies International and Societe Generale on the sidelines of the…

There is a tendency in Egyptian real estate to describe things in superlatives. Every development is a landmark; every master plan is visionary. The Spine, Talaat Moustafa Group’s forthcoming urban corridor at the heart of Madinaty, invites that kind of language, but the details behind it are specific enough to…

Minister of Foreign Affairs, International Cooperation and Expatriates Badr Abdelatty said empowering the private sector is a key priority for the Egyptian government, describing it as the main engine of economic growth. His remarks came during a meeting on Tuesday, April 14, 2026, with Managing Director of the Multilateral Investment…

The European Bank for Reconstruction and Development (EBRD) is reinforcing Egypt’s green energy transition with a $65m construction bridging loan to Hassan Allam Utilities (HAU Energy) to develop a new renewable energy project in Benban Solar Park, near Aswan. The financing will support the construction of a 200 MW solar…

Egypt’s gold investment funds recorded total net assets of EGP 9.28bn in March 2026, according to the latest report by the Financial Regulatory Authority (FRA), reflecting growing demand for this investment vehicle amid market uncertainty. The report showed that the number of investor accounts reached approximately 289,000, highlighting a steadily…

Alaa Farouk, Minister of Agriculture and Land Reclamation, affirmed the state’s commitment to supporting Egyptian farmers, encouraging agricultural production, ensuring fair returns, and improving income levels. In a statement issued on Tuesday, Farouk said the government has raised the wheat procurement price for the current season to EGP 2,500 per…