Egypt’s cabinet approves air services agreement with New Zealand
The Egyptian Cabinet, chaired by Prime Minister Mostafa Madbouly, held its 32nd meeting on Wednesday and approved several key decisions to enhance international cooperation and drive national development. One of the major approvals was a draft presidential decree for a
Egyptian firms can rebuild Gaza in 3 years, without any displacements: Madbouly
Egyptian Prime Minister Mostafa Madbouly has stated that Egyptian companies can rebuild the Gaza Strip in three years, drawing on their extensive expertise. The reconstruction plan aims to avoid displacement of Palestinians. Madbouly, speaking at a Wednesday press conference following
Egypt prioritizes land route project with Chad to strengthen trade, economic integration
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, began his visit to N’Djamena, Chad, by participating in the opening session of the International Forum for Infrastructure Development of Chad (FIDIT). The event was attended
Egypt, Croatia sign MoU to strengthen bilateral investment ties
Egyptian Prime Minister Mostafa Madbouly and Croatian Prime Minister Andrej Plenković witnessed the signing of a Memorandum of Understanding (MoU) between Egypt’s General Authority for Investment and Free Zones (GAFI) and Croatia’s Ministry of Economy and Sustainable Development. The agreement
Egypt’s foreign exchange earnings surge to $159.6bn in 2023/2024
Egypt’s foreign exchange earnings reached $159.6bn in the 2023/2024 fiscal year, marking a 30.8% increase from the $121.9bn reported in 2022/2023, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS). This growth was largely driven by
Misr Italia Properties Achieves EGP 4bn in Sales for January 2025
Misr Italia Properties recorded EGP 4bn in sales in January 2025, marking an impressive 200% growth compared to the same period last year. This strong performance is seen as a key step toward meeting the company’s first-quarter targets, with expectations
Cholesterol metabolite linked to Parkinson’s disease progression, study finds
A groundbreaking study by researchers at Wuhan University, China, has identified a cholesterol metabolite that plays a crucial role in the progression of Parkinson’s disease. The findings, published in the open-access journal PLOS Biology, suggest that blocking this metabolite could
Egypt postpones extraordinary Arab summit on Gaza to 4 March
The Egyptian Foreign Ministry announced on Tuesday that Cairo has postponed the extraordinary Arab summit on developments in the Palestinian issue to 4 March 2025, after it was initially scheduled for 27 February. The delay is intended to allow for
Egypt launches EGP 1bn ‘Alliance & Development’ initiative to drive regional innovation
Ayman Ashour, Minister of Higher Education and Scientific Research, has launched the competitive call for the presidential initiative ‘Alliance and Development’ to establish seven regional alliances aimed at stimulating innovation across the country, with funding reaching up to EGP 1bn.
Tax relief package scheduled for March: ETA chief
Rasha Abdel Aal, head of the Egyptian Tax Authority (ETA), has confirmed that the Minister of Finance is closely monitoring the implementation mechanisms of the new tax relief package, designed to meet the aspirations of taxpayers and businesses. She announced