Egypt calls for stronger role of multilateral development banks in cutting financing costs: Finance Minister
Egypt’s Minister of Finance, Ahmed Kouchouk, has said that Egypt looks forward to a stronger role for multilateral development banks and international financial institutions in reducing financing costs for member states and the private sector. Speaking on the second day
Suez Canal signs $2bn first-phase deal to build petrochemical complex in Ain Sokhna
Osama Rabie, Chairperson of the Suez Canal Authority (SCA), witnessed on Wednesday the signing of a strategic partnership agreement between the SCA and Anchorage Investments to establish a major industrial petrochemical complex on SCA-owned land in Ain Sokhna, northwest of
Egypt ramps up preparations for Grand Egyptian Museum opening
Prime Minister Mostafa Madbouly chaired the ninth meeting of the Governors’ Council on Tuesday to discuss key national priorities, including preparations for the Grand Egyptian Museum’s opening, the upcoming parliamentary elections, and measures to stabilize markets and improve public services
El-Shimy, UAE Ambassador discuss strengthening industrial, investment cooperation
Egypt’s Minister of Public Enterprises Sector Mohamed El-Shimy met with Hamad Obaid Al Zaabi, the newly appointed UAE Ambassador to Egypt, to discuss ways to enhance bilateral cooperation, particularly in the industrial and investment sectors. Both sides underscored the importance
Egypt’s Finance Minister calls for new mechanisms for sustainable debt management
Egyptian Finance Minister Ahmed Kouchouk has called for the creation of new mechanisms for sustainable debt management in low and middle-income countries and the reform of the global financial structure to turn debt into opportunities for investment and development. Speaking
Egypt, France agree to boost humanitarian aid, rebuild Gaza’s health sector
Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, met with French Ambassador to Cairo Eric Chevallier on Tuesday to coordinate humanitarian and medical aid for Palestinians in Gaza and to discuss plans for rebuilding the enclave’s health sector, the
Egypt implements 60% of 300 investment climate reforms: El-Khatib
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, announced that the government has implemented around 60% of 300 reform measures designed to improve the country’s investment climate. He also revealed the creation of a comprehensive database containing more than
Egypt, Boeing discuss expanding aviation partnership, investment cooperation
Minister of Investment and Foreign Trade Hassan El-Khatib has met with senior executives from Boeing at the Egyptian Embassy in Washington, D.C., on the sidelines of the annual meetings of the International Monetary Fund (IMF) and the World Bank Group,
GAFI leads first investment promotion mission to Indonesia
As part of Egypt’s efforts to diversify sources of foreign investment, particularly from East Asian economies, Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), led the Authority’s first-ever investment promotion mission to the Republic of
SCZONE attracts $65m in new Chinese textile investments in Sokhna Industrial Zone
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), has witnessed the signing of four new contracts between Elsewedy Industrial Development and four leading Chinese textile companies to establish new factories within Sokhna 360 Industrial City, developed by