Egypt, South Korea sign joint statement on Comprehensive Economic Partnership Agreement
Egypt and South Korea have taken a major step to deepen economic cooperation, with Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, and Yeo Han-koo, South Korea’s Minister of Trade, Industry, and Resources, signing a joint statement on a
Egypt promotes private sector partnership to accelerate textile, garment industry development
Egypt’s Minister of Public Enterprises Sector, Mohamed El-Shimy, held a meeting with representatives from the Ready-Made Garments and Home Textiles Chamber, the Textile Industries Chamber, and the Apparel Export Council to discuss ways to strengthen cooperation with companies affiliated to
Egyptian Competition Authority approves five major mergers, acquisitions
The Economic Concentration Review Committee at the Egyptian Competition Authority (ECA) has approved a series of significant mergers and acquisitions across multiple sectors. Dar Al-Handasah Consultants (Shair and Partners) will acquire 100% of the shares of John Wood Group. Meanwhile,
FRA grants fintech licence to Granite, enabling Egypt’s first fully digital money market account
Granite Financial Holding, a digitally enabled asset management company, has received a fintech licence from the Financial Regulatory Authority (FRA), paving the way for the immediate launch of its proprietary mobile application, the Granite Money Market Account (Granite MMA). The
Egypt, EU coordinate on 2026-2027 development grants as growth surpasses 5%
Egypt’s economic growth rate exceeded 5% during the first quarter of the current fiscal year, Planning, Economic Development and International Cooperation Minister Rania Al-Mashat said. The announcement followed the disbursement of a €1bn tranche in January 2026 under the European
Investment Minister meets Banha Zone investors to boost business facilitation
Hassan El-Khatib, Minister of Investment and Foreign Trade, met with investors operating at the Investment Zone in the city of Banha, Qalyubeya governorate, during a visit aimed at reviewing investment conditions and addressing investors’ needs. The meeting was attended by
GAFI, HKTDC explore textile, garment investment opportunities
Egypt’s General Authority for Investment and Free Zones (GAFI) held a roundtable meeting with the Hong Kong Trade Development Council (HKTDC) to explore opportunities for strengthening investment partnerships in the textile and ready-made garments sector. The meeting was chaired by
157 investment projects across public sector companies: Minister
Mohamed El-Shimy, Minister of the Public Enterprises Sector, said Egypt is moving steadily towards building a strong, competitive, and sustainable economy anchored in industry, production, exports, and investment, with young people placed at the heart of the development process as
Grand Opening of Egypt’s First Semi-Automated Container Terminal – Red Sea Container Terminals in Sokhna
Red Sea Container Terminals (RSCT) today announced the official opening of Egypt’s first semi-automated container terminal, located at Sokhna Port on the Gulf of Suez. This new facility marks a significant milestone in Egypt’s maritime development, backed by a 30-year
Egypt ready to receive mining investments: Petroleum Minister
Karim Badawi, Minister of Petroleum and Mineral Resources, affirmed that recent developments send a clear message that Egypt is ready to receive mining investments and is building a mining sector capable of competing globally, providing investors with the confidence to