Banque Misr grants EGP 2.6bn credit facility to Hyde Park for ‘Sea Shore’ project
Banque Misr has signed a credit facility agreement with Hyde Park Developments, providing EGP 2.6bn in financing to support the investment costs of the Sea Shore project on Egypt’s North Coast. The signing ceremony was attended by Hisham Okasha, CEO
World Bank commends Upper Egypt Local Development Programme
Manal Awad, Minister of Local Development, announced that the World Bank has highlighted the significant achievements of the Upper Egypt Local Development Programme (UELDP) in its latest report, praising its role in driving economic growth, enhancing infrastructure, and improving citizens’
Transport Ministry, MSMEDA sign MoU to create sustainable jobs
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, and Bassel Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), have signed a Memorandum of Understanding (MoU) aimed at fostering sustainable employment
Communications Minister engages global tech leaders to boost investment in Egypt’s outsourcing sector
Amr Talaat, Egypt’s Minister of Communications and Information Technology, continued high-level discussions with global tech companies at the Mobile World Congress (MWC) in Barcelona, aiming to attract new investments in Egypt’s outsourcing sector. His meetings also explored expanding cooperation in
Egyptian Space Agency, Tanmia Petroleum partner to enhance safety in energy sector
The Egyptian Space Agency (EGSA) and Tanmia Petroleum Company have signed a Memorandum of Understanding (MoU) to leverage space applications for developing advanced monitoring and early warning systems for petroleum and mineral resources facilities. The agreement was signed at EGSA’s
Madbouly reviews financial status of Egypt’s New Urban Communities Authority
Egyptian Prime Minister Mostafa Medbouly met with Housing Minister Sherif El-Sherbiny and Mohamed Ragai, Vice President of the New Urban Communities Authority for Financial, Administrative Affairs, and Human Resources, on Wednesday evening to review the financial position of the New
Egypt allocates EGP 1bn to boost local automotive industry: Kouchouk
The Egyptian government has allocated EGP 1bn in its fiscal year (FY) 2024/25 budget to finance a strategy aimed at localising the automotive industry, according to Finance Minister Ahmed Kouchouk. The plan seeks to attract investment partnerships in car manufacturing
ETA launches first comprehensive tax services guide
The Egyptian Tax Authority (ETA) has launched its first comprehensive tax services guide, a major step toward simplifying procedures for taxpayers and supporting Egypt’s digital transformation strategy. Announced by ETA Head Rasha Abdel Aal, the guide provides a fully detailed
Egypt’s Health Minister meets EU delegation to discuss Gaza relief efforts
Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, met with a European Union delegation led by Stefano Sannino, Director-General for the Middle East and North Africa, to explore ways to enhance cooperation in sustaining Egypt’s
Egyptian PM reviews green hydrogen and ammonia project proposal
Egypt’s Prime Minister Mostafa Madbouly chaired a meeting today to review a proposed green hydrogen and ammonia production project in the Gulf of Suez. Cabinet Spokesperson Mohamed El-Homsani said the meeting focused on several aspects of the “Green Fuel Alliance”