Egypt prioritizes macroeconomic stability, private sector growth: Al-Mashat
The Egyptian government is committed to enhancing macroeconomic stability and strengthening resilience against global changes, according to Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation. Addressing the Akhbar Al-Youm Economic Conference, Al-Mashat outlined the government’s plans to foster
Madbouly visits Zohr field to inspect drilling commencement on Saipem 10000 rig
Prime Minister Mostafa Madbouly visited the Zohr natural gas field, located north of Port Said, to inspect the Saipem 10000 drilling rig. Accompanied by Minister of Petroleum and Mineral Resources Karim Badawi, he was welcomed by Francesco Gaspari, President of
Deputy PM, GAVI CEO discuss strengthening health sector cooperation
Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, met on Wednesday with Sania Nishtar, CEO of the Global Alliance for Vaccines and Immunization (GAVI), along with Richard Mihigo, Director of Programmatic and Strategic Engagement at
Al-Wazir inaugurates Elsewedy Telecom Cables factory with EGP 2bn investment
Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, recently conducted an inspection tour across several factories in the industrial zones of 10th of Ramadan and Badr cities. The tour commenced with a visit to
CBE hosts Financial Stability Board’s RCG MENA Meeting in Sharm El-Sheikh
The Central Bank of Egypt (CBE), co-chair of the Regional Consultative Group for the Middle East and North Africa (RCG MENA), hosted the Financial Stability Board’s (FSB) RCG MENA Meeting in Sharm El-Sheikh on January 29-30, 2025. The event was
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