Cairo pledges support for AngloGold Ashanti to accelerate Sukari mine operations
Egypt has “ambitious plans” to increase gold production at the Sukari mine and will support operator AngloGold Ashanti in accelerating operations to meet these targets, Prime Minister Moustafa Madbouly said on Sunday. During a meeting with company executives at the
FABMISR posts 8% net profit growth in M9 2025 after neutralising FX impact
First Abu Dhabi Bank Misr (FABMISR), one of Egypt’s largest banks, announced its financial results for the first nine months of 2025, reporting solid growth across key performance indicators. The bank achieved an 8% increase in net profit after neutralising
Egypt steps up efforts to boost domestic poultry production ahead of Ramadan
Agriculture and Land Reclamation Minister Alaa Farouk, Supply and Internal Trade Minister Sherif Farouk, and Bahaa El-Ghanam, head of the Future of Egypt Authority for Sustainable Development, held an expanded meeting with the General Union of Poultry Producers, major sector
Al-Sisi orders rollout of second tax facilitation package, accelerated customs overhaul
Egypt’s President Abdel Fattah Al-Sisi on Sunday instructed the government to launch the second phase of tax facilitation measures aimed at encouraging voluntary compliance and easing the burden on taxpayers, the presidency said following a meeting with Prime Minister Mostafa
CBE to Offer $950m Treasury Bills on Monday
The Central Bank of Egypt (CBE) will on Monday offer a local Treasury bill auction denominated in US dollars, valued at $950m, with a tenor of 364 days, maturing on 1 December 2026. The proceeds of this auction will be
Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch
A comprehensive tourism master plan for the area surrounding the Giza Pyramids aims to significantly increase hotel room capacity by 2040 to accommodate the expected influx of visitors to the Grand Egyptian Museum (GEM), Minister of Housing Sherif El-Sherbiny said
Egypt, EU launch Research, Innovation Week to mark 20 years of cooperation
Egypt and the European Union inaugurated the “Egypt–EU Research and Innovation Week” on Sunday to celebrate the 20th anniversary of their science and technology cooperation agreement, with senior ministers and EU officials highlighting the role of research partnerships in addressing
Egypt proposes strategic corridor linking Suez Canal zone with Pakistan’s Gwadar port
Egypt has proposed establishing a commercial corridor linking the Suez Canal Economic Zone (SCZONE) with Pakistan’s Gwadar Port, Foreign Minister Badr Abdelatty said on Sunday, as Cairo seeks to expand its logistics footprint in South Asia. During a meeting with
Egypt launches 3rd Climate Leaders programme
Egypt’s Ministry of Local Development announced on Saturday that Minister Manal Awad, who is also serving as acting environment minister, has launched the third edition of the “Climate Leaders” programme, which aims to support youth-driven environmental projects and strengthen women’s
UN envoy calls for ‘Club of Debtors’ to tackle Africa’s financial crisis
Africa needs a coordinated “Club of Debtors” to negotiate fair restructuring terms and counter the inflated risk premiums that are strangling the continent’s development, a senior United Nations envoy said on Saturday. Speaking at the 1st Egyptian-African Economic Conference in