International Buyers Flock to “Cairo Fashion & Tex” to Secure Egyptian Export Deals
The 75th edition of the Cairo International Clothing, Textile and Accessories Exhibition, “Cairo Fashion & Tex,” has welcomed an international buyers’ delegation consisting of approximately 500 buyers from Arab, African, and European countries. The delegation is in Cairo to secure
Egypt’s GDP growth records 2.4% in FY 2023/24
Egypt’s GDP growth rate slowed to 2.4% in the fourth quarter of fiscal year (FY) 2023/24, bringing the annual growth rate to 2.4%, down from 3.8% in the previous year. The slowdown was attributed to a combination of factors includingongoing
Egypt secures $2.9bn in new financing: Al-Mashat
Egypt is on track to secure $2.9bn in new financing from a group of development partners, including the European Union, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat told Daily News Egypt. The funds are intended to support
Cairo Fashion & Tex Exhibition Opens with 550 Exhibitors
The 75th edition of the Cairo Fashion & Tex exhibition opened on 3 October 2024 at the Cairo International Exhibition and Conference Centre. The event is being held under the patronage of the Ministries of Industry and Investment, and the
Egypt, UAE leaders witness launch of $110bn Ras El-Hekma Development Project
Egypt President Abdel Fattah Al-Sisi and UAE President Mohamed bin Zayed Al Nahyan witnessed the launch of the Ras El-Hekma development project on Egypt’s western North Coast, a significant step in strengthening economic ties between the two countries. The total
UAE’s ADQ appoints Modon Master Developer for Egypt’s Ras El-Hekma Megaproject
Abu Dhabi-based investment and holding company ADQ has appointed Modon Holding PSC as the master developer for the Ras El-Hekma megaproject, a major development spanning 170 million square metres on Egypt’s northwestern coastline. The appointment was announced in the presence
Egypt’s Ras El-Hekma Megaproject: Modon Holding Secures Key Partners for
Modon Holding PSC, the master developer for the Ras El-Hekma megaproject on Egypt’s Mediterranean coast, has taken a significant step forward by securing key partnerships for the ambitious development. The project, situated on Egypt’s north coast, is envisioned as a
Egypt’s Al-Wazir, Poland’s PADMA discuss plan to establish furniture production complex in New Alamein
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with a delegation from Polish company PADMA, led by CEO Dariusz Krupa, to discuss the company’s investment plans in Egypt’s furniture manufacturing sector. PADMA
SCZone Chairperson promotes zone’s investment opportunities in Marseille
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZone), recently participated in a promotional tour in Marseille, France, seeking to attract French investment to the SCZone. Gamal El-Din participated in a session titled “Business Climate in Egypt: Challenges,
EBI highlights strong achievements in FY 2023/24, expanding reach across Africa
The Egyptian Banking Institute (EBI), the official training arm of the Central Bank of Egypt, has announced its achievements for the fiscal year (FY) 2023/24, highlighting its commitment to developing human capital within the banking sector in Egypt and across