Iran and Russia conduct 80% of trade in local currencies, says official
More than 80 per cent of trade between Iran and Russia is now conducted using their national currencies, the rial and the rouble, a senior business official has said. The move signals a major step toward closer bilateral cooperation, according
Egypt, Sudan discuss boosting health cooperation, supporting Sudan’s medical system
Egypt’s Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, has met with Sudanese Health Minister Haitham Ibrahim Awadallah in Cairo’s New Administrative Capital to discuss ways to strengthen health cooperation between the two countries, the Egyptian Ministry of
Egypt targets 5% growth as reforms, Gaza deal boost prospects, says Al-Mashat
Egypt’s economy is on track to achieve growth of nearly 5% in the current 2025/2026 fiscal year, supported by economic reforms and the positive impact of a peace deal in Gaza, Planning and International Minister Rania Al-Mashat said on Wednesday.
Egypt calls for stronger role of multilateral development banks in cutting financing costs: Finance Minister
Egypt’s Minister of Finance, Ahmed Kouchouk, has said that Egypt looks forward to a stronger role for multilateral development banks and international financial institutions in reducing financing costs for member states and the private sector. Speaking on the second day
Suez Canal signs $2bn first-phase deal to build petrochemical complex in Ain Sokhna
Osama Rabie, Chairperson of the Suez Canal Authority (SCA), witnessed on Wednesday the signing of a strategic partnership agreement between the SCA and Anchorage Investments to establish a major industrial petrochemical complex on SCA-owned land in Ain Sokhna, northwest of
Egypt ramps up preparations for Grand Egyptian Museum opening
Prime Minister Mostafa Madbouly chaired the ninth meeting of the Governors’ Council on Tuesday to discuss key national priorities, including preparations for the Grand Egyptian Museum’s opening, the upcoming parliamentary elections, and measures to stabilize markets and improve public services
El-Shimy, UAE Ambassador discuss strengthening industrial, investment cooperation
Egypt’s Minister of Public Enterprises Sector Mohamed El-Shimy met with Hamad Obaid Al Zaabi, the newly appointed UAE Ambassador to Egypt, to discuss ways to enhance bilateral cooperation, particularly in the industrial and investment sectors. Both sides underscored the importance
Egypt’s Finance Minister calls for new mechanisms for sustainable debt management
Egyptian Finance Minister Ahmed Kouchouk has called for the creation of new mechanisms for sustainable debt management in low and middle-income countries and the reform of the global financial structure to turn debt into opportunities for investment and development. Speaking
Egypt, France agree to boost humanitarian aid, rebuild Gaza’s health sector
Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, met with French Ambassador to Cairo Eric Chevallier on Tuesday to coordinate humanitarian and medical aid for Palestinians in Gaza and to discuss plans for rebuilding the enclave’s health sector, the
Egypt implements 60% of 300 investment climate reforms: El-Khatib
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, announced that the government has implemented around 60% of 300 reform measures designed to improve the country’s investment climate. He also revealed the creation of a comprehensive database containing more than