Madbouly launches pilot phase of Egypt’s High-Speed Rail at TransMEA 2025
During his visit to the TransMEA 2025 International Smart Transport Exhibition, Prime Minister Mostafa Madbouly inspected the Vilaro train on display and officially signaled the start of the pilot operation for the first phase of Egypt’s High-Speed Rail, connecting Ain
Egypt, Qatar intensify coordination as Gaza crisis worsens
Egypt and Qatar on Sunday called for a clearly defined mandate and powers for a proposed international force in Gaza to support early recovery and reconstruction efforts in the war-ravaged enclave, the Egyptian Foreign Ministry said. In a phone call,
Egypt’s net international reserves surpass $50bn for first time in October: CBE
The Central Bank of Egypt (CBE) announced that the country’s net international reserves exceeded the $50 billion mark for the first time in history, reaching $50.071bn in October 2025, up from $49.534bn in September — an increase of $537m. According
Government to channel major share of Qatar deal proceeds toward debt reduction: Finance Minister
Finance Minister Ahmed Kouchouk affirmed that the government remains committed to directing a substantial portion of proceeds from major investment deals toward reducing public debt. He noted that Egypt has successfully cut budget-sector debt by about 10% of GDP over
Second package of tax facilitation measures to be launched this November: Finance Minister
Minister of Finance Ahmed Kouchouk announced that the government will launch the second package of tax facilitation measures in November 2025, building on progress achieved in strengthening the “partnership and certainty” framework with investors. He noted that the government implemented
Grand Egyptian Museum to boost tourism, help attract 30 million visitors by 2030: Al-Mashat
The Grand Egyptian Museum (GEM) is a strong addition to cultural tourism in Egypt and will help the country achieve its goal of attracting 30 million tourists by 2030, Minister of Planning Rania Al-Mashat has said. In an interview with
Polish investments in Egypt surpass $1.7bn, driven by green ammonia, furniture, and silo projects
Polish investments in Egypt have recorded remarkable growth in recent years, reaching over $1.7bn, supported by several major projects led by leading Polish companies. Among the most prominent are Hynfra’s $1.6bn green ammonia production project, Padma’s €70m investment in furniture
Finance Ministry, MSMEDA implement ambitious plan to support entrepreneurs: Rahmy
Basil Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), affirmed the strong support provided by the Ministry of Finance to the small and medium enterprise (SME) sector through the General Authority for Government Services, and its
Suez Canal sees largest container ship in two years as traffic returns
The Suez Canal on Saturday witnessed the passage of the CMA CGM BENJAMIN FRANKLIN, the largest container ship to transit the waterway in two years, in what the canal authority’s chairperson described as a positive sign of traffic returning to
Egypt, Russia, EU coordinate on Gaza peace implementation, Sudan crisis
Egyptian Foreign Minister Badr Abdelatty on Friday held separate phone calls with his Russian counterpart, Sergey Lavrov, and the European Union’s foreign policy chief, Kaja Kallas, to discuss the implementation of the Gaza peace deal and the escalating crisis in