Madbouly directs efforts to forge balanced trade agreements with Africa
Egypt’s Prime Minister Mostafa Madbouly recently chaired a meeting of the Permanent Higher Committee for Monitoring Egyptian-African Relations, attended by Egypt’s economic ministers and other relevant government officials. The session, part of the government’s ongoing efforts to strengthen Egyptian-African ties,
Egypt, Saudi Arabia strengthen industrial cooperation with supply chain deal
Kamel Al-Wazir, Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, welcomed Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef and his delegation to discuss ways to enhance industrial cooperation between the two nations.
CBE hosts inaugural meeting of African Financial Stability Committee
In line with presidential directives to boost Egyptian-African cooperation and integration, the Central Bank of Egypt (CBE) hosted the inaugural meeting of the African Financial Stability Committee (AFSC) from December 9–11, 2024. Under the leadership of CBE Governor Hassan Abdalla,
CBE reports decline in annual core inflation to 23.7% in November
The Central Bank of Egypt (CBE) has reported a slight decrease in annual core inflation, which dropped to 23.7% in November 2024, down from 24.4% in October 2024. Monthly core inflation for November 2024 stood at 0.4%, a decrease from
D-8 Commissioners meet in Cairo to prepare for summit, back Egyptian proposals
Preparatory meetings for the Developing Eight Organisation for Economic Cooperation (D-8) Summit began in Cairo on December 16th, with member states gathering at the commissioner level to discuss key agenda items. The meetings, chaired by Egypt, are a precursor to
Middle East, Africa spend $3bn on employee training: Hesham Mansour
Nearly $3bn was spent on employee training across the Middle East and Africa in 2024, according to Hesham Mansour, chairperson of the International Assessment and Development Summit. Mansour revealed the figure while emphasizingthat investment in human capital is a top
The Power of Face-to-Face Communication in Middle Eastern Business
For centuries, business leaders and traders have traveled far and wide and braved challenging conditions to conduct commerce in person. Today, however, virtual communication technologies make it possible to meet via a screen, eliminating excessive travel time and costs. Still,
Egyptian-Gulf alliance launches Mahawer Developments with EGP 7bn investment
An Egyptian-Gulf alliance of three leading real estate developers—SIAG Developments, El Alwy Urban Development, and Misk Development—has launched Mahawer Developments, a new company aimed at investing EGP 7bn in real estate projects across New Damietta and the Delta region. The
Egypt ready to support Saudi Arabia’s FIFA World Cup preparations: PM Madbouly
Egypt’s Prime Minister Mostafa Madbouly met on Monday with Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef at the government headquarters in the New Administrative Capital to discuss enhancing bilateral cooperation in the industrial and mining sectors. The
Egypt’s Petroleum Minister discuss energy cooperation with Qatari, Algerian counterparts
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, has met with Qatar’s Minister of State for Energy Affairs, Saad bin Sherida Al Kaabi, and Algeria’s Minister of Energy and Mines, Mohamed Arkab to discuss increased cooperation and investment in