IDG expands industrial, logistics projects
Industrial Development Group (IDG), a leader in developing, operating, and managing advanced industrial zones in Egypt, has unveiled an ambitious expansion strategy to solidify its role as a key driver of economic growth in Egypt and Africa. The company’s plan
Egypt’s integrated national financing strategy signals new era in sustainable development: Panova
The launch of Egypt’s Integrated National Financing Strategy (INFS) marks a transformative policy shift, moving from fragmented financial approaches to a cohesive framework that aligns financial flows with national development priorities. This milestone strengthens Egypt’s role in global development financing,
Budget deficit inches down, primary surplus hits 20-year high
Egypt’s overall budget deficit narrowed slightly in the first six months of the fiscal year, while the primary surplus rose to about EGP 230bn, its highest level in 20 years. The Ministry of Finance’s monthly report, issued on Tuesday,
Egypt advances human development strategy with emphasis on health, education
Khaled Abdel Ghaffar, Egypt’s Deputy Prime Minister and Minister of Health and Population, recently chaired the third meeting of the High Advisory Committee for Human Development, as part of the country’s ongoing efforts to enhance human development in alignment with
Ministers of Industry, Investment discuss advancing Egypt’s iron, steel sector
Kamel Al-Wazir, Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, and Hassan El-Khatib, Minister of Investment and Foreign Trade, recently met with Ayman El-Ashry, President of the Cairo Chamber of Commerce and Chairperson of Ashry
Housing Minister discusses strategic collaboration with HDB on upcoming projects
Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities, recently met with Hassan Ghanem, CEO and Managing Director of the Housing and Development Bank (HDB), alongside other bank officials, to discuss key areas of collaboration between the ministry and the
WE, CIB forge strategic partnership to deliver cutting-edge digital financial services
Egyptian telecommunications and IT services provider WE has entered into a strategic partnership with the Commercial International Bank (CIB), Egypt’s largest private-sector bank, through the signing of a memorandum of understanding. This collaboration is set to redefine how WE customers
Egyptian Parliament approves EBRD expansion into Sub-Saharan Africa and Iraq
The Egyptian House of Representatives has approved an amendment to the European Bank for Reconstruction and Development’s (EBRD) establishment agreement, paving the way for the bank to expand its operations into sub-Saharan Africa and Iraq. The decision, ratified during a
Egypt’s Instapay to charge transfer fees ranging from EGP 0.5-20
Egypt’s instant payment network will begin charging fees ranging from 50 piastres to EGP 20 on transfers made through its “Instapay” application starting April 1st. The service will also limit free balance inquiries to 10 per month. Instapay said the
Al-Wazir, French ambassador discuss construction timeline for Alstom’s industrial complex in Borg El Arab
Kamel Al-Wazir, Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, recently met with French Ambassador to Cairo Eric Chevalier, joined by senior officials from Egypt’s Ministries of Transport and Industry. The meeting focused on advancing