Shell Egypt promotes youth innovation, entrepreneurship at EGYPES 2025
Shell Egypt showcased its commitment to youth empowerment and sustainable innovation at EGYPES 2025, highlighting its NXplorers Awards Ceremony and the Shell Intilaaqah Egypt programme. These social investment programmes aim to develop future energy leaders and entrepreneurs, providing them with
CIB reports full-year 2024 consolidated net income of EGP 55.2bn, up 86% YoY
Commercial International Bank (CIB) today announced its fourth-quarter 2024 consolidated net income of EGP 12.8bn, reflecting a 78% increase from the same period in 2023. Full-year 2024 consolidated net income reached EGP 55.2bn, or EGP 16.4 per share, marking an
ETA, Egyptian-Chinese Business Association sign cooperation protocol to boost investment
The Egyptian Tax Authority (ETA) has signed a cooperation protocol with the Egyptian-Chinese Business Association to enhance voluntary tax compliance and foster a stable business environment conducive to economic growth. This initiative aligns with directives from Minister of Finance Ahmed
Egypt inks deal for first local ultrasound device factory
Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, oversaw the signing of a cooperation protocol to establish Egypt’s first ultrasound device manufacturing facility. The initiative is a partnership between Tatweer Medical Industries and leading Chinese medical
Egypt, Germany discuss strengthening cooperation on water management
Egypt’s Minister of Water Resources and Irrigation, Hani Sweilem, met on Wednesday with Mario Sander, Head of the Middle East and North Africa Department at the German Federal Ministry for Economic Cooperation and Development, to explore ways to enhance bilateral
Egypt advances development of Sokhna–Dekheila logistics corridor
Egypt’s Ministry of Transport is moving forward with the development of the integrated Sokhna–Alexandria container logistics hub, a cornerstone of the country’s strategic vision to strengthen its global trade position. The project aims to establish a seamless connection between the
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