Egyptian, Somali Ministers explore agricultural partnership
Egyptian Minister of Supply and Internal Trade Sherif Farouk met with Asad Abdirizak, Somali State Minister of Agriculture and Irrigation, on Monday to discuss cooperation between the two countries on food security and trade. During the meeting, the Somali minister
Egyptian Competition Authority Wins Arab Competition Network Award
The Egyptian Competition Authority (ECA) won the “Competition Policy Award” for its guidelines on vertical agreements at the fourth annual Arab Competition Network (ACN) conference held in Kuwait. ECA Chairperson, Mahmoud Momtaz, also received recognition for his role in establishing
MSMEDA injects over EGP 500m into MSME financing in January 2025: CEO
The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) provided over EGP 500m in financing for MSMEs in January 2025, in collaboration with leading banks and financial institutions, alongside direct funding through its branches across Egypt. This initiative aligns with
PM Madbouly meets Emirati ministers to review joint Egypt-UAE projects
Prime Minister Mostafa Madbouly held a high-level meeting on Sunday to assess the progress of joint projects between Egypt and the UAE. The meeting was attended by Vice Prime Minister for Industrial Development and Minister of Industry and Transport Kamel
CBE to offer a $1bn treasury bill tender on Monday
The Central Bank of Egypt (CBE) will offer a $1bn local treasury bill tender on Monday. The proceeds of this tender will be directed to pay the maturity of a previous tender that was offered on February 6, 2024, through
Al-Wazir urges increased investment, development of industrial zones in Kafr El-Sheikh
Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, met with manufacturers in Kafr El-Sheikh to address industry challenges and explore solutions to enhance investment and industrial growth in the governorate. Kafr El-Sheikh is home
Suez Canal facilitates unconventional transit of ADMARINE260 Rig
The Suez Canal successfully facilitated the transit of the ADMARINE260 rig on Saturday, employing a non-standard towing and piloting procedure. The Liberian-flagged rig, measuring 45 metres long and 48 metres wide with a total weight of 3,543 tonnes, was towed
House approves tax incentives, facilitation laws, boosting business confidence: Abdel Aal
Rasha Abdel Aal, head of the Egyptian Tax Authority, has affirmed that the Minister of Finance is committed to implementing a new package of tax incentives and flexible procedures aimed at reducing burdens on taxpayers and fostering trust between businesses
Investment Minister meets Kuwait’s AREF Investment Group to explore expansion in Egypt
During his visit to Kuwait, Egypt’s Minister of Investment and Foreign Trade Hassan El-Khatib met with a delegation from AREF Investment Group to discuss the company’s current projects in Egypt and explore new investment opportunities. The meeting highlighted AREF’s existing
Kuwait Finance House expands into Egypt with Ahli United Bank acquisition
Kuwait Finance House (KFH) has officially launched its operations in Egypt following the successful acquisition of Ahli United Bank Bahrain in 2022. The transformation into a fully Sharia-compliant financial institution was completed in December 2023, followed by a merger with