IFC to invest $1.2bn in Egypt during FY2026
The International Finance Corporation (IFC) plans to invest around $1.2bn in Egypt during the current fiscal year 2026, up from $915m in the previous fiscal year, according to Cheick Oumar Sylla, IFC Director for North Africa and the Horn of
Egypt discusses water infrastructure projects, Kitchener Drain development with EBRD
Egypt’s Minister of Water Resources and Irrigation Hani Sewilam met officials from the European Bank for Reconstruction and Development (EBRD) on Wednesday to discuss strengthening cooperation on water and sustainable infrastructure projects, the ministry said. The meeting was attended by
CBE governor, IMF chief discuss economic reform programme at Arab Public Finance Forum
Hassan Abdalla, Governor of the Central Bank of Egypt, met with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), to discuss the progress of Egypt’s economic reform programme and the country’s latest macroeconomic indicators. The meeting took place
Majd El Qassem: Music saves me; ‘Shou Helou’ brings joy back to scene
Balancing melancholy and romance, memory and emotion, Syrian singer Majd El Qassem continues a musical journey spanning more than three decades, firmly establishing himself as one of the most expressive dramatic voices in Arab music. Shaped by experience and emotional
Al-Sisi, Erdogan elevate ties with new agreements, target $15bn in trade exchange
Egyptian President Abdel Fattah Al-Sisi received his Turkish counterpart Recep Tayyip Erdogan in Cairo on Wednesday, where the two leaders co-chaired the second meeting of the High-Level Strategic Cooperation Council between Egypt and Türkiye, signing a joint statement and a
GAFI participates in Egypt-Türkiye Business Forum to boost economic partnership
Mohamed El-Gawsaky, CEO of the General Authority for Investment and Free Zones (GAFI), said Egypt offers a strong and stable investment environment, supported by comprehensive economic reforms and clear policies aimed at streamlining procedures, reducing costs, enhancing transparency and facilitating
Egypt-Türkiye trade exchange reaches $6.8bn in 2025: CAPMAS
Trade exchange between Egypt and Türkiye rose to $6.8bn in 2025, up from $6.6bn in 2024, according to data released by the Central Agency for Public Mobilisation and Statistics (CAPMAS). The figures were published on Wednesday in conjunction with President
FRA, CBE discuss boosting support for small businesses, women entrepreneurs
The Financial Regulatory Authority (FRA) held a coordination meeting with the Central Bank of Egypt (CBE) to discuss mechanisms for strengthening cooperation to raise financial inclusion levels and expand access to financial services, as well as to advance programmes supporting
Egypt aims to double $12bn annual FDI through sweeping economic reforms, El-Khatib says
Egypt currently attracts an average of $12bn in foreign direct investment (FDI) annually and has the capacity to double this figure through ongoing structural reforms, Minister of Investment and Foreign Trade Hassan El-Khatib said. Speaking during a meeting with a
Egypt says effective climate policy must be grounded in science as it advances National Adaptation Plan
Egypt’s Acting Minister of Environment Manal Awad said on Tuesday that “there can be no effective climate policy without a solid scientific foundation,” stressing that Egypt is moving ahead with its National Adaptation Plan (NAP) with support from the Green