Government attracts more investment, fosters private sector’s role: El-Khatib
Hassan El-Khatib, Minister of Investment and Foreign Trade, said that the government is working to attract more investments and foster the role of the private sector as a major engine of innovation and economic growth. He added that the private
Artal Developments launches EGP 12bn STRIDE project in New Cairo
Artal Developments has announced the launch of STRIDE, a commercial, administrative, and medical project in New Cairo. The project is located on the main northern 90th Street in the fifth settlement, and stretches over 13,600 sqm, with a built-up area
Egypt aims to reduce debt-to-GDP ratio below 85% over 3 years: Finance Ministry
Yasser Sobhi, Deputy Minister of Finance for Fiscal Policies, stated that the goal is to achieve financial discipline and bring the debt-to-GDP ratio below 85% of GDP within the next three years. In June, Egypt reduced the external debt of
Post for Investment, AXA launch Egypt’s first microinsurance company
Post for Investment, the investment arm of Egypt Post, and AXA Egypt have signed a strategic partnership agreement. Amr Talaat, Minister of Communications and Information Technology, Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), and French Ambassador to Egypt
FRA reveals size of non-banking financing in July 2024
The Financial Regulatory Authority (FRA) has disclosed the total volume of non-banking financing provided by institutions under its supervision to various sectors in July 2024. Micro, Small, and Medium Enterprises (MSMEs) According to a recent FRA report, the outstanding
Swiss Barry Callebaut to establish $30m factory in Egypt
Yasser Abbas, Deputy CEO of the General Authority for Investment and Free Zones (GAFI), met with a delegation from the Swiss company Barry Callebaut, led by Vamsi Mohan, Regional Head for Asia, Africa, and the Middle East, to discuss the
Egypt, Sweden explore cooperation in health investment
Chairperson of Egypt Healthcare Authority and Supervisor General of the Universal Health Insurance and Life Dignified projects, Ahmed El-Sobky, met with Swedish Ambassador to Cairo Håkan Emsgård, along with representatives from major Swedish companies in the country to discuss enhancing
Egypt to establish desalination plants in 11 coastal governorates
Deputy Minister of Housing, Utilities, and Urban Communities, Sayed Ismail, has held a meeting to review the progress of the strategic plan for seawater desalination through 2050. The meeting also discussed boosting coordination between relevant state entities for desalination plants.
Magnom Properties invests $1bn Forbes International Tower development in Egypt
Magnom Properties, the real estate arm of Rawabi Holding, announced that it is considering launching the Forbes International Tower project in Saudi Arabia and the UAE, with projected investments exceeding $1bn for each location, according to the company’s CEO, Maged
South Africa Plans to Speed Up Renewable Energy Development
South Africa leadership intends to accelerate the transition to renewable energy sources, according to Kgosientsho David Ramokgopa, the country’s Minister of Electricity and Energy. Speaking at a seminar on green energy in Midrand, Ramokgopa stressed that accelerating the renewable energy