Randa El-Menshawy takes helm of Housing Ministry
Randa El-Menshawy, previously First Assistant to the Prime Minister for Follow-Up Affairs, has been appointed Minister of Housing, Utilities, and Urban Communities in the new cabinet, succeeding Sherif El-Sherbiny. Her nomination reflects the government’s broader strategy to rely on experienced
Egypt’s parliament approves cabinet reshuffle including new investment and economy leads
Egypt’s House of Representatives approved a new ministerial reshuffle on Tuesday following a communication from Egyptian President Abdel Fattah Al-Sisi, appointing new leadership across several critical portfolios including foreign affairs, investment, and the economic sector. Speaker Hesham Badawy announced the
Egypt’s FRA raises microfinance insurance age limit to 65 in updated model
Egypt’s Financial Regulatory Authority (FRA) has raised the maximum age for microfinance insurance from 60 to 65 years as part of an updated standard group insurance model, according to a statement from the authority. The decision, issued by FRA Chairperson
Egypt, India discuss March trade mission to expand industrial exports
The Egyptian-Indian Business Council held an expanded meeting marking a new phase in economic relations between Egypt and India, shifting the focus from traditional trade exchange towards joint manufacturing, technology localisation, and deeper industrial partnerships, particularly in the chemicals and
Harby Group launches construction of Seven Residence in October Gardens
Harby Group has commenced construction on its latest residential development, Seven Residence, in October Gardens, following the receipt of ministerial approvals and the implementation of a payment model that links customer installments to construction progress. Spanning approximately 52 feddans, the
Egypt invests EGP 26.5bn to upgrade power transmission network in FY2025
Egypt invested approximately EGP 26.5bn in fiscal year 2024/2025 to modernize and expand its power transmission network, enhance grid efficiency, and integrate renewable energy into the national grid, the Ministry of Electricity and Renewable Energy said. Minister of Electricity and
Egypt, Greece seek to deepen investment, innovation partnership
The General Authority for Investment and Free Zones (GAFI) is working to strengthen investment cooperation with Greece as part of Egypt’s broader strategy to expand economic ties with international partners. GAFI CEO Mohamed El-Gawsaky met with Greek Ambassador to Cairo
Egypt targets doubling oil output through advanced drilling technologies, global partnerships
Minister of Petroleum and Mineral Resources Karim Badawi met with senior executives from international oil companies operating in Egypt to discuss advancing drilling technologies and accelerating field development in line with global best practices, as part of a five-year strategy
GAFI explores expansion opportunities with ElSewedy Electrometer in Egyptian market
Mohamed El-Gawsaky, Chief Executive Officer of GAFI, met with Emad El-Sewedy, Chairperson of ElSewedy Electrometer, in the presence of Mohamed Shawky, Director of the company’s Electricity Business Line, and Hesham Shaker, Director of Financial Planning and Budgeting. The meeting focused
Egypt’s Supply Ministry cuts frozen poultry prices ahead of Ramadan
Egypt’s Ministry of Supply and Internal Trade has ordered a significant reduction in the price of frozen poultry at state-affiliated outlets and “Ahlan Ramadan” exhibitions, moving the price below the current rate of EGP 120, Minister Sherif Farouq said on