Elsewedy, China’s Kingdom Holdings sign $60m deal to boost Egypt’s textile sector
Elsewedy Industrial Development, a subsidiary of Elsewedy Electric, has signed a significant $60 million agreement with China’s Kingdom Holdings, a global leader in the textile industry, to establish a private free zone in Egypt’s Industria Sadat. The agreement, supported by
MSMEDA, ISFD collaborate to boost youth, women entrepreneurship, innovation
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), recently met with Heba Ahmed, Director General of the Islamic Solidarity Fund for Development (ISFD), to further solidify their ongoing collaboration. This partnership, which began with the
Al Manar aims for 50% export share with focus on local manufacturing growth
Al Manar Group, a leading manufacturer, blender, and distributor of automotive fluids, has outlined its strategic plan to focus on local manufacturing while expanding its footprint in both Egyptian and regional markets. The company aims to boost its exports to
Egypt’s foreign trade surpasses $104.7bn in FY 2023/24: CBE
Egypt’s foreign trade reached approximately $104.7bn in the fiscal year 2023/2024, as reported by the Central Bank of Egypt (CBE). This total comprises $72.1bn in imports and $32.6bn in exports, marking a significant volume of trade with global partners. According
Egypt, Germany sign agreement for 2nd phase of Jobs, Migration Centre
Egyptian Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat witnessed the signing of an agreement to implement the second phase of the Egyptian-German Centre for Jobs, Migration, and Reintegration (EGC) project. The agreement was signed by Ambassador Nabil
Al-Sisi reviews baccalaureate system, educational developments with key officials
Egyptian President Abdel Fattah Al-Sisi convened a meeting on Monday with Prime Minister Mostafa Madbouly, Minister of Higher Education and Scientific Research Ayman Ashour, and Minister of Education and Technical Education Mohamed Abdel Latif to review developments within the education
Madbouly reviews progress of Egypt’s Universal Health Insurance
Egyptian Prime Minister Mostafa Madbouly chaired a meeting on Monday to review the progress of the first phase of the Universal Health Insurance System and the preparations for launching its second phase. The meeting included key officials such as Khaled
Egypt to finalize FDI, industrial development strategies in Q1, projects 4% economic growth
Minister of Planning and Economic Development, Rania Al-Mashat, announced that Egypt is on track to finalize its foreign direct investment and industrial development strategies in the first quarter (Q1) of this year. She also forecasted a 4% growth for the
Hisham Talaat Moustafa acquired 500,000 shares in TMG
Talaat Moustafa Holding Group (TMG) has announced that its CEO and Managing Director, Hisham Talaat Moustafa, purchased 500,000 of the company’s shares during trading on Sunday. The company affirms its commitment to all relevant listing and disclosure regulations. This announcement
90% of Egypt’s Great Transfiguration in Saint Catherine completed
Prime Minister Mostafa Madbouly chaired a meeting on Sunday to review the progress of the Great Transfiguration project in Saint Catherine, South Sinai, with the participation of several ministries and relevant authorities. The Prime Minister opened the meeting by highlighting