PM reviews ongoing development of public business sector companies
Prime Minister Mostafa Madbouly held a meeting at the government headquarters in the New Administrative Capital with Mohamed El-Shemy, Minister of the Public Enterprises Sector, to review the progress of development initiatives for state-owned companies. In his opening remarks, Prime
ACUD partners with Live Nation Middle East, TicketsMarche to bring world-class entertainment to New Capital
The Administrative Capital for Urban Development (ACUD) has formed a groundbreaking partnership with Live Nation Middle East and TicketsMarche to elevate the entertainment scene in Egypt’s New Administrative Capital (NAC). This collaboration aims to attract global talent and establish NAC
EBRD exits Ibnsina Pharma, sells 8.8% stake on Egyptian Exchange
The European Bank for Reconstruction and Development (EBRD) has fully exited its remaining 8.8% stake in Ibnsina Pharma through the Egyptian Exchange (EGX). EBRD initially acquired a 20% stake in Ibnsina Pharma in 2015, supporting the company’s development by financing
Egypt, EBRD sign agreements to boost Public-Private Partnerships
The Egyptian government and the Ministry of Finance signed two separate agreements with the European Bank for Reconstruction and Development (EBRD) on Wednesday to stimulate private sector growth. Egypt’s Prime Minister Mostafa Madbouly attended the signing ceremony. The Ministry of
Egypt’s PM reviews draft budget for FY 2025/26
Egypt’s Prime Minister Mostafa Madbouly reviewed the draft budget for fiscal year (FY) 2025/26 at a meeting held Tuesday in the New Administrative Capital. The budget prioritises increased spending on education, healthcare, and social protection programmes, while maintaining a
Egypt to diversify funding sources with sustainability, social bonds: Finance Minister
Ahmed Kouchouk, Egypt’s Minister of Finance, has emphasized the government’s commitment to engaging with the private sector and international institutions to build a more sustainable economic future. Speaking at the Banking and Finance Committee meeting of Chapter Zero Egypt on
Industry Minister engages with Turkish companies on investment, expansion in Egypt
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir met with representatives of nine Turkish companies operating in Egypt across textiles, ready-made garments, packaging, and home appliances to discuss investment support and expansion plans.
Egypt-Tanzania Business Forum kicks off to strengthen bilateral trade ties
Egypt’s ambassador to Tanzania, Sherif Ismail, inaugurated the Egypt-Tanzania Business Forum, marking the start of an Egyptian trade mission to Tanzania. The event was organized by the Egyptian Export Council for Chemical Industries and Fertilizers in collaboration with the Export
Cairo House, Marriott to open Autograph Collection Hotel at Mogamma El-Tahrir
Cairo House Real Estate has partnered with Tourism Investment SAE and Marriott International to transform the historic Mogamma El-Tahrir into an Autograph Collection Hotel. This milestone marks a significant step in the Consortium’s vision to repurpose the iconic building into
Exceptional measures to support taxpayers facing technical difficulties: ETA
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced the implementation of exceptional measures to ease the burden on taxpayers experiencing technical difficulties when submitting annual settlement returns for salary tax. These measures primarily target taxpayers in the