Egypt, Netherlands renew water MoU, explore beach nourishment to protect Mediterranean coast
Egypt’s Water Resources and Irrigation Minister Hani Sweilam met with Dutch Ambassador to Cairo Peter Mollema to strengthen bilateral ties in water management, according to a statement from the Ministry of Water Resources and Irrigation. The discussions highlighted the achievements
Egypt brokers African consensus on AfCFTA rules of origin after four years of talks
Egypt, in its capacity as Chair of the African Continental Free Trade Area (AfCFTA) Ministerial Council of Trade Ministers, has secured consensus among member states on the long-pending rules of origin for the textile, apparel, and automotive sectors. The breakthrough,
Egypt extends EGP 50bn hotel financing initiative by six months to boost tourism capacity
Minister of Finance Ahmed Kouchouk and Minister of Tourism and Antiquities Sherif Fathy announced that the Cabinet has approved a six-month extension of the EGP 50bn financial facilitation initiative, effective from 20 October 2025. The initiative is designed to expand
Egypt assumes presidency of INTOSAI as INCOSAI 25 kicks off in Sharm El-Sheikh
Egypt, represented by the Accountability State Authority (ASA), has officially taken over the presidency of the International Organization of Supreme Audit Institutions (INTOSAI) for a three-year term. The handover ceremony occurred during the opening of the 25th International Congress of
Chemical Industries Holding launches green hydrogen projects in partnership with global investors: El-Shimy
Mohamed El-Shimy, Minister of the Public Enterprises Sector, announced that the Chemical Industries Holding Company—affiliated with the Ministry—is implementing several ambitious projects to produce green hydrogen and its derivatives, in cooperation with international investors and government entities. These initiatives align
ETA issues comprehensive tax guide for contracting, construction services
Rasha Abdel Aal, Chairperson of the Egyptian Tax Authority (ETA), has announced the release of a comprehensive explanatory guide addressing the tax treatment of contracting and construction services under the provisions of Law No. 157 of 2025. Abdel Aal explained
Banque Misr joins “Open Your Account in Egypt” initiative for expatriate Egyptians
Banque Misr has signed a cooperation protocol with the Ministry of Foreign Affairs, Emigration, and Egyptians Expatriate, alongside National Bank of Egypt, as part of the “Open Your Account in Egypt” initiative. Launched by the Central Bank of Egypt (CBE)
QatarEnergy announces new expansion of gas exploration operations in Egypt
QatarEnergy has announced a new expansion of its operations in Egypt through a partnership with Italian energy company Eni in the offshore North Rafah concession in the Mediterranean Sea for natural gas exploration. With this addition, QatarEnergy’s portfolio in Egypt
Egypt’s external debt rises to $161.2bn in June 2025: CBE
The Central Bank of Egypt (CBE) announced that the country’s total external debt reached $161.23bn in June 2025, up from $156.69bn in March 2025 — an increase of $4.54bn. According to the CBE’s quarterly report issued on Tuesday, long-term external
Egyptian-Chinese alliance to invest $75m in West Qantara industrial projects
A consortium of Egyptian and Chinese companies has signed contracts for three new industrial projects in the West Qantara industrial zone, with a total investment of $75m (approximately EGP 3.6bn). The projects are expected to generate over $100m in annual