Global rating agencies begin upgrading Egypt’s economic outlook: Finance Minister
Egypt’s Minister of Finance, Ahmed Kouchouk, announced that Standard & Poor’s (S&P) has upgraded Egypt’s credit rating from “B–” to “B” for the first time in seven years, maintaining a stable outlook. The move, along with Fitch Ratings’ decision to
Egypt’s Health Minister showcases Women’s Health Initiative at Berlin Innovation Forum
Egypt’s Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, participated in the Innovation and Equity in Women’s Health Forum, held alongside the World Health Summit and the German Medical Industry Association Conference in Berlin from 12 to 14
Al Arabia Co. for Aluminum targets over 10,000 tonnes in annual exports
Al Arabia Company for Manufacturing and Painting Aluminum has announced a new strategy aimed at increasing its annual exports to more than 10,000 tonnes. The move follows the company’s successful restructuring and transformation into an integrated industrial complex, equipped with
PM Madbouly inspects key development, service projects in Qalyubeya
Prime Minister Mostafa Madbouly conducted a field tour in Qalyubeya on Saturday to inspect a series of ongoing development and service projects across multiple sectors, including housing, education, health, and industry. Madbouly said this visit, his second to the governorate
CBE launches Banking Reform, Development Fund
As part of its ongoing efforts to advance Egypt’s banking sector in line with international best practices, the Central Bank of Egypt (CBE) has announced the launch of the Banking Reform and Development Fund, along with the formation of its
saib participates in EGP 2.1bn syndicated loan for Tameer Developments’ Azad Views project
Saib Bank has joined a consortium of banks to arrange and underwrite a syndicated loan worth EGP 2.1bn for Tameer Real Estate Developments, aimed at financing part of the investment cost for the second and third phases of the company’s
Egypt’s PM, Kenya president discuss cooperation on sidelines of COMESA summit
Egyptian Prime Minister Mostafa Madbouly met with Kenya President William Ruto on Thursday to discuss bilateral cooperation, on the sidelines of the 24th Summit of the Common Market for Eastern and Southern Africa (COMESA) in Nairobi. Madbouly, who was attending
Egypt targets 20–30% growth in FDI to reach $12bn in 2025: Minister
Minister of Investment and Foreign Trade Hassan El-Khatib announced that Egypt aims to increase foreign direct investment (FDI) inflows by 20–30% this year, targeting around $12bn by the end of 2025. El-Khatib said Egypt’s annual FDI inflows currently range between
Malawi explores Egypt’s experience in free zone management
The General Authority for Investment and Free Zones (GAFI) hosted a delegation from the Malawi Investment and Trade Centre to learn from Egypt’s experience in managing free and investment zones. The visit took place within the framework of cooperation between
Investment Ministry, Future of Egypt Authority discuss strengthening supply chains, strategic commodity procurement
Hassan El-Khatib, Minister of Investment and Foreign Trade, met with Bahaa El-Ghannam, CEO of the Future of Egypt for Sustainable Development Authority, to discuss frameworks for cooperation aimed at reinforcing supply chains and enhancing the exchange of information on global