Egypt signs agreement with Swiss MEDLOG for 10th of Ramadan Dry Port project
The Egyptian Ministry of Transport, through the Public Authority for Land and Dry Ports, has signed a contract with Swiss company MEDLOG for the financing, design, construction, operation, and maintenance of the 10th of Ramadan City Dry Port and Logistics
Egypt, EU discuss strengthening trade, investment ties
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, recently met with the European Union’s Ambassador-designate to Egypt, Angelina Eichhorst, to explore opportunities for enhancing trade and investment cooperation between Egypt and the EU. The discussion focused on strategies to
Local liquidity in Egypt’s banking sector increases by EGP 2.46trn in 11M 2024
Egypt’s banking sector saw a significant increase in local liquidity, rising to EGP 11.34trn in November 2024, a boost of EGP 2.46trn from the EGP 8.88trn recorded in December 2023. The Central Bank of Egypt (CBE) reported that the money
Central Agency for Reconstruction completes 37 projects worth EGP 1.068bn: Minister
Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, reviewed the achievements of the Central Agency for Reconstruction in 2024, an entity affiliated with the ministry. The agency has successfully completed 37 diverse projects, including roads, services, utilities, and housing,
Egypt’s banking sector records $5.95bn net foreign asset surplus in November 2024
The Central Bank of Egypt (CBE) announced that the banking sector’s net foreign assets (NFA) reached a surplus of $5.95bn (EGP 295.6bn) in November 2024, down from a surplus of $9.2bn (EGP 450.861bn) in October 2024. This marks a continued
Egypt welcomes record 15.7 million tourists in 2024 despite regional challenges
Egypt welcomed a record-breaking 15.7 million tourists in 2024, despite ongoing geopolitical challenges in the region, Minister of Tourism and Antiquities Sherif Fathy announced during a meeting of the Culture, Tourism, Antiquities, and Media Committee. This marks a historic achievement
Al-Sisi reviews progress on transport projects, industrial localization
President Abdel Fattah Al-Sisi held a meeting on Sunday with Prime Minister Mostafa Madbouly, Deputy Prime Minister for Industrial Development and Minister of Transport and Industry Kamel El-Wazir, and Amir Sayed Ahmed, the President’s Advisor for Urban Planning. During the
Egypt targets mining sector contribution of 5-6% of GDP
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi announced the resumption of development activities at the Zohr gas field, which will include drilling two developmental wells during January. The minister also revealed plans to launch the Mineral Resources Portal
Afroplast Exhibition to showcase plastics industry technologies in Cairo
The “Afroplast” exhibition, an international trade fair for the plastics, rubber, and non-woven industries, will take place from 16 to 19 January 2025, at the Cairo International Conference and Exhibition Center in Nasr City. The event is under the patronage
UNDP reaffirms strategic partnership with MSMEDA in 2025
Bassel Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Authority (MSMEDA), emphasized the organization’s commitment to continuing collaboration with development partners to share expertise and international best practices in developing micro, small, and medium enterprises (MSMEs), in line