Egypt, Siemens collaborate on local manufacturing, energy management – Dailynewsegypt
Minister of Electricity and Renewable Energy Mahmoud Esmat met with Mostafa El-Bagoury, CEO of Siemens Egypt, Stephan Mayr, CEO of Electrical Solutions and Automation at Siemens AG, Andreas Matthe, CEO of the Business Unit Electrical Products at Siemens AG, and
Hanno outlines plans to boost cultural investment in Egypt – Dailynewsegypt
Egyptian Prime Minister Mostafa Madbouly met with Minister of Culture Ahmed Hanno on Saturday to discuss a proposed vision for enhancing cultural investment in the country. The vision aims to leverage Egypt’s rich cultural heritage and creative industries to generate
Egyptian Countryside Development, Al Magd Group to cultivate 29,000 feddans of oil crops in west Minya – Dailynewsegypt
Amr Abdel Wahab, chairperson and managing director of the Egyptian Countryside Development Company, signed an investment contract with Al Magd Group for a 29,000-feddan area. This project, located in South Safola, west Minya, will include an integrated agricultural-industrial complex focusing
Egypt to host Black+Decker’s first electrical equipment factory in MEA region – Dailynewsegypt
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), has met with a delegation from the American company Black+Decker to discuss the company’s first investment outside the United States and Europe, which will be in Egypt.
Egypt launches funding, training programmes to empower startups – Dailynewsegypt
Hossam Heiba, Head of the Permanent Unit for Entrepreneurship and Startups and CEO of the General Authority for Investment and Free Zones, emphasised the unit’s commitment to enhancing cooperation among all entities involved in entrepreneurship activities from the public and
Electricity Minister reviews Dabaa nuclear power plant progress with Rosatom officials – Dailynewsegypt
Minister of Electricity and Renewable Energy Mahmoud Esmat met with Rosatom Director General Alexey Likhachev and Atomstroyexport President Andrey Petrov at the Dabaa nuclear power plant site. The meeting focused on the latest developments in the project, reaffirming both sides’
TMG initiates legal, technical procedures for projects in Iraq – Dailynewsegypt
Talaat Moustafa Group (TMG), one of the largest integrated institutions in Egypt and the Middle East, announced that it has begun legal and technical procedures to establish projects and investments in Iraq. The group stated that further details about these
Arab African International Bank reports $156m net profit in H1 2024 – Dailynewsegypt
Arab African International Bank (AAIB) reported a net profit of $156m for the first half of 2024, according to a statement released by the bank. This represents a significant increase in profitability for the bank, driven by a change in
Government secures funding for payments to foreign partners in petroleum sector – Dailynewsegypt
Egyptian Prime Minister Mostafa Madbouly convened a meeting on Wednesday to address the needs of the petroleum sector and efforts to boost petroleum product output. Attendees included Central Bank of Egypt’s Governor Hassan Abdalla, Finance Minister Ahmed Kouchouk, and Petroleum
Madbouly reviews efforts to reduce public debt in Egypt – Dailynewsegypt
Egypt’s Prime Minister Mostafa Madbouly met with Finance Minister Ahmed Kouchouk on Wednesday to discuss the country’s ongoing efforts to reduce public debt, maintaining its downward trajectory as a percentage of GDP. A Wednesday press statement by the Cabinet indicated