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
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