AfDB calls on African nations to accelerate private capital mobilisation to close development financing gap
Rabat – African Development Bank (AfDB) President Sidi Ould Tah urged African governments and financial institutions to intensify efforts to mobilise private capital to bridge the continent’s widening infrastructure and development financing gap. Speaking at the opening of the 2025
Resilience, Innovation, and the Smart Home: Mohamed Ataya on GROHE’s Strategic Vision for Egypt
As Egypt’s real estate landscape continues to expand and evolve, consumer expectations in the premium sanitary ware market are shifting toward a demand for longevity, intelligence, and environmental stewardship. In an exclusive interview with Daily News Egypt, Mohamed Ataya, Leader,
Egypt GDP growth hits three-year high of 5.3% in Q1 2025/26
Egypt’s economy grew by 5.3% in the first quarter of the 2025/2026 fiscal year, GDP growth exceeded 5% for the first time in more than three years, the Ministry of Planning, Economic Development, and International Cooperation said. The GDP growth
China’s WINPEX to establish $15m lighting equipment plant in Ain Sokhna
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), witnessed the signing of a new investment agreement with China’s WINPEX, a company specialised in lighting products and electrical appliances. The project, developed under the umbrella of industrial developer
Egypt, Algeria sign wide-ranging cooperation agreements
Egypt and Algeria signed an extensive package of cooperation agreements across industrial, cultural, social, and financial sectors on Wednesday at the conclusion of the ninth session of the Egyptian-Algerian High Joint Committee, Egypt’s Cabinet said. Prime Minister Mostafa Madbouly and
Non-banking financial activities hit EGP 954.2bn in M9 2025
The Financial Regulatory Authority (FRA) announced that the volume of non-banking financial activities, including capital market operations and all forms of non-banking finance, reached EGP 954.2bn during the period from January to September 2025. In a report issued on Wednesday,
Investment, finance ministries implement 29 reforms to boost trade flow across ports
Minister of Investment and Foreign Trade Hassan El-Khatib chaired a meeting of the Board of Directors of the Export Subsidy Fund to discuss the budget of the 2025/2026 Export Rebate Programme. El-Khatib highlighted ongoing coordination with Minister of Finance Ahmed
Egypt businesses eye increased trade, investment with Saudi Arabia: HSBC report
New HSBC research shows Egyptian businesses are turning to Saudi Arabia as their next growth priority; almost 90% set to significantly increase trade in the next 5 years. According to a new HSBC report, Egyptian business leaders plan to rapidly
Suez Canal Economic Zone receives 24 new cranes for Hutchison’s automated Sokhna terminal
Egypt’s Suez Canal Economic Zone (SCZone) received 24 new container-handling units on Monday for the Red Sea Container Terminal (RSCT), operated by Hutchison Ports at Ain Sokhna, the authority said in a statement. The equipment — supplied by Shanghai Zhenhua
Egypt, Italy sign agreements to establish 89 applied technology schools
Egypt and Italy signed a series of cooperation protocols on Tuesday to establish 89 new applied technology schools across multiple specialisations, in a move officials said would significantly expand the country’s technical education system. Prime Minister Mostafa Madbouly witnessed the