Raya Foods secures $40m investment from Helios to boost expansion
Raya Holding for Financial Investments has announced securing an investment of approximately $40m from Helios Investment Partners, Africa’s largest investment fund which manages around $37.5bn in assets, into Raya Foods. Through this investment, Helios will acquire 49% of Raya Foods’
Egypt, World Bank collaborate on Greater Cairo Air Pollution Management and Climate Change Project
Egypt’s Minister of Environment, Yasmine Fouad, inaugurated the opening session of a World Bank technical mission visit to review the progress of the Greater Cairo Air Pollution Management and Climate Change Project. This joint initiative between the Ministry of Environment
Al-Sisi orders review of Egypt’s IMF programme
Egypt’s President Abdel Fattah Al-Sisi has urged the government to reassess the country’s programme with the International Monetary Fund (IMF) in response to current regional and global developments. Speaking at the Global Conference on Population, Health, and Human Development (24PHDC)
CBE issues guidelines for tourism support initiative
The Central Bank of Egypt (CBE) has issued the guidelines for the tourism support initiative, previously announced by the Egyptian government, to allocate EGP 50bn, funded by the Ministry of Finance. According to a circular from the Central Bank, the
Egypt’s PM highlights focus on export growth, unveils localisation incentives
Egypt’s Prime Minister Mostafa Madbouly has stressed the importance of the Export Reimbursement Programme in driving Egypt’s economic growth, highlighting plans to offer unprecedented incentives for localising industries and streamlining payment procedures for exporters. Madbouly chaired a Cabinet meeting on
Egypt launches 2nd Global Conference on Population, Health, and Human Development
Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, launched the second Global Conference on Population, Health, and Human Development (PHDC24) on Sunday, under the patronage of President Abdel Fattah Al-Sisi. The conference, themed “Human Development
Al-Sisi calls for enhanced economic cooperation at BRICS Business Forum
Egyptian President Abdel Fattah Al-Sisi delivered a recorded address to the BRICS Business Forum on Friday, emphasizing the importance of economic cooperation and investment among member countries. “This forum is being held at a time when the world is witnessing
Putin holds pre-summit briefing with BRICS media, discusses global order, Ukraine, expansion
Russian President Vladimir Putin held a pre-summit briefing with heads of leading BRICS media agencies on Thursday, offering insights into Russia’s position on a range of global issues, including the ongoing conflict in Ukraine, the expansion of BRICS, and the
Strengthening Egyptian-Turkish private sector partnerships to achieve sustainable development goals: Finance Minister
Egyptian Finance Minister Ahmed Kouchouk emphasized the government’s commitment to improving the business environment and reducing financial burdens through integrated fiscal, investment, and trade policies. These efforts aim to drive investment, production, and exports, fostering private sector growth within the
UNIDO launches 23 projects worth $58m for energy efficiency, green initiatives in Egypt
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir held a meeting with Patrick Regional Representative in Egypt at the United Nations Industrial Development Organization (UNIDO) Patrick Gilabert, and his accompanying team to review the