Egypt, Germany sign €30m grant for green hydrogen project
Egypt and Germany have strengthened their bilateral cooperation with the signing of a €30m grant agreement for a green hydrogen project. The agreement was signed during a meeting between the Egyptian Minister of Planning, Economic Development, and International Cooperation Rania
Discover Alburouj the Perfect Circle, developed by IMKAN Misr
Nestled in the heart of New Heliopolis, Alburouj the Perfect Circle is not just a community; it’s a lifestyle. Spanning over 5 million square meters, it is masterfully designed to combine modern living, lush green spaces, cutting-edge facilities and a
Egypt revives Sinai’s railway after decades of suspension
The long-forgotten rail network will be revived in Sinai after decades of suspension. The story began in the late 19th Century when the British laid strategic tracks to protect the Suez Canal. During the First and Second World Wars, the
Government attracts more investment, fosters private sector’s role: El-Khatib
Hassan El-Khatib, Minister of Investment and Foreign Trade, said that the government is working to attract more investments and foster the role of the private sector as a major engine of innovation and economic growth. He added that the private
Artal Developments launches EGP 12bn STRIDE project in New Cairo
Artal Developments has announced the launch of STRIDE, a commercial, administrative, and medical project in New Cairo. The project is located on the main northern 90th Street in the fifth settlement, and stretches over 13,600 sqm, with a built-up area
Egypt aims to reduce debt-to-GDP ratio below 85% over 3 years: Finance Ministry
Yasser Sobhi, Deputy Minister of Finance for Fiscal Policies, stated that the goal is to achieve financial discipline and bring the debt-to-GDP ratio below 85% of GDP within the next three years. In June, Egypt reduced the external debt of
Post for Investment, AXA launch Egypt’s first microinsurance company
Post for Investment, the investment arm of Egypt Post, and AXA Egypt have signed a strategic partnership agreement. Amr Talaat, Minister of Communications and Information Technology, Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), and French Ambassador to Egypt
FRA reveals size of non-banking financing in July 2024
The Financial Regulatory Authority (FRA) has disclosed the total volume of non-banking financing provided by institutions under its supervision to various sectors in July 2024. Micro, Small, and Medium Enterprises (MSMEs) According to a recent FRA report, the outstanding
Swiss Barry Callebaut to establish $30m factory in Egypt
Yasser Abbas, Deputy CEO of the General Authority for Investment and Free Zones (GAFI), met with a delegation from the Swiss company Barry Callebaut, led by Vamsi Mohan, Regional Head for Asia, Africa, and the Middle East, to discuss the
Egypt, Sweden explore cooperation in health investment
Chairperson of Egypt Healthcare Authority and Supervisor General of the Universal Health Insurance and Life Dignified projects, Ahmed El-Sobky, met with Swedish Ambassador to Cairo Håkan Emsgård, along with representatives from major Swedish companies in the country to discuss enhancing