KABO for clothing boosts daily capacity to 85,000 pieces, expands to 78 production lines
El Nasr Clothing and Textiles Company (KABO) announced the rollout of a comprehensive development and expansion plan for its factories in Amreya and Hadra, a move that will raise the company’s total production capacity to more than 85,000 pieces per
BakeLand Egypt plans new 10,000-sqm factory to boost output fivefold
BakeLand Egypt, a subsidiary of RMC Group, has introduced its first locally produced alternative to imported bakery ingredients at Food Africa 2025. The launch coincides with an export expansion into six new countries this year, including Germany, Italy, the United
EBRD’s first vice president to visit Egypt for strategic talks
The First Vice President of the European Bank for Reconstruction and Development (EBRD), Greg Guyett, is scheduled to visit Egypt from 8 to 10 December 2025 for high-level meetings with Egyptian government officials and private-sector representatives. Guyett will be accompanied
Egyptian senator proposes unified digital, regulatory framework to organise property market
Deputy Leader of the Wafd Party bloc in the Egyptian Senate, Yasser Qoura, has submitted the first “proposal by request” to the Senate’s housing committee during the second legislative term, outlining a comprehensive plan to better regulate Egypt’s real estate
Egypt plans new policies to drive private sector growth in tourism, energy, health
Egypt is preparing a new package of policies and facilitations designed to increase private sector investment in targeted economic sectors, Prime Minister Mostafa Madbouly said on Sunday. Madbouly instructed relevant ministries to draft the new measures to support the state’s
Egypt, China’s XD Group discuss localising electrical equipment manufacturing
Mahmoud Essmat, Minister of Electricity and Renewable Energy, met with Zhou Qi Qi, Chairperson of China’s XD Group, and his delegation, in the presence of Mona Rizk, Chairperson of the Egyptian Electricity Transmission Company, and Osama Abdullah, Chairperson of EGEMAC.
Local liquidity in banking sector rises to EGP 13.68trn in October 2025
The Central Bank of Egypt (CBE) has reported an increase in total local liquidity within the banking sector, reaching EGP 13.686trn in October 2025, up from EGP 13.622trn in September. According to the CBE’s latest report, money supply (M2) rose
Egypt launches 32nd International Quran Competition with participants from over 70 countries
Egypt on Saturday inaugurated the 32nd edition of the International Holy Quran Competition, held under the patronage of President Abdel Fattah Al-Sisi and named this year after renowned Egyptian reciter Sheikh El-Shahat Mohamed Anwar, one of the country’s most distinguished
Egypt forecasts economic growth of at least 5% this fiscal year, minister tells IMF
Egypt expects its economy to grow by at least 5% by the end of the current fiscal year, supported by a continued pace of structural reforms, Planning Minister Rania Al-Mashat said on Saturday. Speaking during a meeting with an International
IMF praises Egypt’s notable progress on investment, trade reforms
The International Monetary Fund (IMF) mission, currently in Cairo to conduct the fifth and sixth reviews of Egypt’s Extended Fund Facility programme, has commended the substantial progress achieved in the country’s investment and trade reform files. The mission affirmed that