Agricultural Bank of Egypt, Elsewedy Watanya sign cooperation protocol to finance modern irrigation solutions
The Agricultural Bank of Egypt (ABE) has signed a cooperation protocol with Elsewedy Watanya for Industrial and Engineering Projects, under the auspices of the Ministry of Agriculture and Land Reclamation. The agreement is designed to provide essential financing to farmers
Egypt engages with Turkish TAV for collaborative airport management, operations
Egypt’s Minister of Civil Aviation Sameh El-Hefny has held discussions with officials from major global companies specializing in airport services to support Egypt’s strategy of increasing private sector participation and strengthening the civil aviation sector’s position as a regional hub
Wood manufacturers call for reassessment of industrial land prices, VAT policies
The Federation of Egyptian Industries (FEI) has called for the stabilization of gas and electricity prices for factories, as industry leaders propose several key measures to advance Egypt’s wood and furniture sector. Alaa Nasr El-Din, a board member of
Communications Ministry aims to increase innovation hubs to 27 nationwide in 2025
Amr Talaat, the Minister of Communications and Information Technology, presented Egypt’s Digital Strategy vision during a tour of the Creativa Innovation Hub in Giza, which was led by Prime Minister Mostafa Madbouly. Talaat outlined the Ministry’s plan to establish Digital
Madbouly oversees final preparations for Grand Egyptian Museum opening
Egypt’s Prime Minister Mostafa Madbouly has directed an acceleration of work on the Grand Egyptian Museum, as the project nears completion. During a site visit, Madbouly emphasised the need to finalise all remaining construction and logistical preparations for a major
MSMEDA signs 41 contracts worth EGP 900 Million to support microfinance in 2024
The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has successfully achieved significant milestones in 2024, including signing 41 contracts totaling EGP 900 million with a diverse range of companies and civil society organizations to fund microfinance projects. In a
Financial soundness indicators highlight resilience of Egypt’s banking sector: CBE
The Central Bank of Egypt (CBE) has confirmed that the latest Financial Soundness Indicators (FSIs) reflect the resilience and robustness of the country’s banking sector, which continues to serve as a crucial pillar for achieving economic, financial, and monetary stability.
Egypt’s October 2024 trade deficit drops by 16%
The Central Agency for Public Mobilization and Statistics (CAPMAS) has released its monthly Foreign Trade Data for October 2024, revealing a 16% decrease in the trade deficit compared to the same month last year. In October 2024, Egypt’s trade deficit
EU parliament chief visits Egypt for talks on financial assistance, Middle East geopolitics
Roberta Metsola, President of the European Parliament, is set to visit Egypt on 8-9 January for high-level discussions aimed at further strengthening relations between the European Union (EU) and Egypt. This visit comes amid ongoing talks on EU macro-financial assistance
Egypt, trade hits $1.5bn with Greece, $217m in with Cyprus
The Central Agency for Public Mobilization and Statistics has reported that trade between Egypt and Greece reached $1.5bn during the first 11 months of 2024, a decrease from the $1.8bn recorded during the same period in 2023. This data was