Egypt targets 5.4% growth in FY2026/27, rising to 6.8% by 2030: Planning Minister
Minister of Planning and Economic Development Ahmed Rostom told parliament’s plenary session that Egypt’s economy is projected to grow by 5.4% by the end of the fiscal year (FY) 2026/2027, rising to 6.8% by the end of the medium-term plan
EGP 80bn allocated in FY2026/27 budget to boost production, exports: Finance Minister
Finance Minister Ahmed Kouchouk said EGP 80bn has been allocated in the fiscal year (FY) 2026/2027 budget to programmes aimed at supporting and stimulating production, manufacturing, entrepreneurship, and exports of goods and services. The allocation includes EGP 48bn for export
Alshaya Group opens first global talent centre in Egypt to drive offshoring growth
Alshaya Group has officially inaugurated its first offshoring Global Talent Centre in Egypt, under the patronage of Ahmed El Zaher, CEO of the Information Technology Industry Development Agency (ITIDA), and in the presence of John Hadden, CEO of Alshaya Group.
Upwyde, Vezeeta partner to operate integrated medical facility at Prk Vie in New Cairo
Upwyde Developments has signed a strategic agreement with Vezeeta to manage and operate a fully integrated medical building within its “Prk Vie” project in New Cairo’s Golden Square. Under the agreement, Vezeeta will oversee the operation of the facility, which
Egypt’s Industrial Authority weighs licensing reforms to ease investor burden
Egypt is stepping up efforts to streamline industrial licensing and improve the investment climate, as the Industrial Development Authority (IDA) explores a new package of reforms aimed at reducing costs and accelerating procedures for manufacturers. Nahed Youssef, Head of the
Egypt bets on talent as Valeo deepens AI and automotive R&D presence
As global competition intensifies to attract high-value technology investments, Egypt is steadily carving out a position as a regional hub for automotive software and artificial intelligence. This direction was reaffirmed during a recent meeting between Mostafa Madbouly and senior executives
Military Production Ministry, FEI explore expanded industrial co-operation to boost local manufacturing
Minister of State for Military Production Salah Gomaa held talks with Mohamed El‑Sewedy, President of the Federation of Egyptian Industries (FEI), to explore avenues for strengthening co-operation aimed at advancing local industry and localising manufacturing technologies. The meeting comes in
TMG opens bookings for EGP 69bn ‘The Spine’ project, targets phase one delivery in 4 years
Talaat Moustafa Group (TMG) Holding will open reservations on Tuesday for “The Spine,” an EGP 69bn mixed-use development targeting first-phase delivery within four years, the company’s chief executive said. The National Bank of Egypt holds a 24.5 percent stake in
Egypt pitches itself as gateway to Middle East, Africa for Finnish investors
Egyptian Prime Minister Mostafa Madbouly has pitched his country as a strategic gateway to the Middle East and Africa for Finnish investors, urging them to explore opportunities in priority sectors such as digital transformation, clean energy, and manufacturing. Speaking at
Egypt steps up efforts to restore ecological balance of Lake Qarun
Egypt is accelerating the implementation of a comprehensive plan to restore the ecological balance of Lake Qarun, with a strong focus on wastewater treatment and pollution reduction, according to the Ministry of Local Development and Environment. In an official statement,