IFC marks 50 years in Egypt with $10bn mobilized across 300 projects
The International Finance Corporation (IFC) is celebrating five decades of partnership with Egypt’s private sector, during which it has invested and mobilized more than $10bn across nearly 300 projects since 1976. According to IFC, these investments have spanned critical sectors
IFC affirms commitment to Egypt’s economic reforms at 50-year anniversary event
The International Finance Corporation (IFC) and the World Bank Group reaffirmed their commitment to turning Egypt’s economic reforms into sustained outcomes during an event at the Giza Pyramids marking 50 years of operations in the country. Speaking at the gathering,
Egypt to implement cash subsidy system, freeze fuel prices by end 2026: Deputy PM
Egypt targets the implementation of a plan to transition from in-kind to cash subsidies by the end of 2026, Deputy Prime Minister for Economic Affairs Hussein Eissa said on Tuesday. Speaking at the annual meeting of the American Chamber of
Al-Sisi reviews inflation, record reserves with CBE governor
Egyptian President Abdel Fattah Al-Sisi met with Central Bank of Egypt (CBE) Governor Hassan Abdalla to review inflation trends, foreign currency reserves, and overall economic performance amid ongoing regional geopolitical tensions. According to a presidential statement, the meeting assessed Egypt’s
Egypt explores healthcare cooperation with Burkina Faso, Lebanon at World Health Assembly
Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, discussed expanding healthcare cooperation and exchanging expertise with his counterparts from Burkina Faso and Lebanon on the sidelines of the 79th World Health Assembly in Geneva. In a statement, Egypt’s Ministry
MAGRABI Retail acquires majority stake in Egypt’s Baraka Optics Group
MAGRABI Retail has signed an agreement to acquire a 51% stake in Baraka Optics Group, one of Egypt’s leading optical retail chains. The transaction remains subject to regulatory approvals, including clearance from the Egyptian Competition Authority (ECA). Founded in 1979
State asset reforms and 200-megawatt solar project top Egypt-UNDP economic agenda
Egypt is advancing an initiative to produce 200 megawatts of solar energy for state-owned industrial facilities as part of a broader drive to implement structural reforms and secure the financial sustainability of state assets. The developments were outlined on Monday
Egypt overhauls education system for 25 million students, shifting focus to skills and new Baccalaureate
Egypt is undertaking a comprehensive transformation of its education system for 25 million pre-university students, shifting the focus from enrollment metrics to skills-based learning and introducing a new Egyptian Baccalaureate, Minister of Education and Technical Education Mohamed Abdellatif announced. Speaking
Boosting youth financial literacy is strategic investment to expand markets, drive innovation: FRA chair
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), said the authority views promoting financial literacy among young people and university students as a strategic investment in the future of the non-banking financial sector, supporting market expansion and fostering innovation.
Egypt signs MoU for financing, development of Borg El Arab dry port, logistics zone
Kamel Al-Wazir, Egypt’s Minister of Transport, witnessed the signing of a memorandum of understanding (MoU) for the financing, design, construction, operation and maintenance of the Borg El Arab dry port and logistics zone in Borg El Arab City, covering an