Egypt’s economy demonstrates resilience amid successive global shocks
Egypt’s Minister of Planning and Economic Development, Ahmed Rostom, said the national economy has withstood five major external shocks over the past six years, each of which could have triggered a severe downturn, yet continued to deliver positive performance indicators.
Industry minister engages Pharma Chamber to drive sector growth, boost exports
Egypt’s Minister of Industry, Khaled Hashem, held an extensive meeting with the Chamber of Pharmaceutical, Cosmetics and Medical Supplies Industries to discuss key challenges facing the sector and explore measures to strengthen its performance and export potential in the coming
Egypt sets 2030 tourism goal: 300,000 hotel rooms through investment reform
Egypt is charting an ambitious course to expand its hospitality capacity to 300,000 hotel rooms by 2030, according to Mostafa Mounir, CEO of the Egyptian Tourism Authority (ETA). The initiative forms part of a broader strategy to restructure tourism investment
SCZONE attracts record $7.1bn in annual investments, secures $1.8bn in two months
Chairperson of the Suez Canal Economic Zone (SCZONE), Walid Gamal El-Din, highlighted the zone’s expanding role as a global logistics and industrial hub during his participation in a conference organised by AHK Egypt. Held in New Cairo under the theme
Egypt, Romania explore deeper chemical, fertilizer trade cooperation
Egypt is intensifying efforts to expand its footprint in European markets, with the Chemicals and Fertilizers Export Council of Egypt (CEC) holding high-level talks in Bucharest to unlock new opportunities for Egyptian exports. The joint meeting, organized with the Egyptian
CID offers 31 ready-to-operate units in Robbiki Leather City
Cairo for Investment and Development Company (CID) has launched a new offering of industrial units in the third phase of Robbiki Leather City, comprising 31 ready-to-operate production units and five service shops, as part of efforts to boost investment in
Pharco Pharmaceuticals plans EGP 1.5bn investments to expand production, exports
Pharco Pharmaceuticals is planning to invest around EGP 1.5bn next year, up from approximately EGP 1.15bn in 2025, as part of its strategy to expand production capacity and strengthen its presence in both domestic and export markets, according to Chairperson
Suez Canal economic zone investments hit $7.1bn so far this fiscal year, chairperson tells OECD
Investments in Egypt’s Suez Canal Economic Zone (SCZone) have reached $7.1bn so far in the current fiscal year, up from $4.4bn during the previous financial year, the authority’s chairperson said on Monday. The economic zone has succeeded in drawing a
Egypt’s economic growth accelerates to 5.3% in first half of year, planning minister says
Egypt’s economic growth reached 5.3% in the first half of the current fiscal year, marking a broad and accelerating recovery across six consecutive quarters, Minister of Planning and Economic Development Ahmed Rostom said. Growth rose from 2.4% in fiscal year
Al-Sisi, OECD chief discuss reforms, expanding private sector role
Egyptian President Abdel Fattah Al-Sisi met on Monday with the Organisation for Economic Co-operation and Development’s (OECD) Secretary-General Mathias Cormann in Cairo to discuss strengthening economic cooperation and advancing Egypt’s reform programme, with a particular focus on boosting private sector