Egypt opens COP24 Mediterranean, urges faster transition to sustainable blue economy
Egypt on Tuesday inaugurated the 24th Meeting of the Parties to the Barcelona Convention (COP24) in Cairo, convening ministers and representatives from 21 Mediterranean countries alongside regional and international organisations to advance efforts to protect the Mediterranean Sea from pollution.
CBE attracts $1.041bn in bids for USD T-bills, accepts $961m at 3.75% rate
The Central Bank of Egypt (CBE) received 19 bids totaling $1.041bn in its USD-denominated local treasury bill auction held on Monday. The offering, originally sized at $950m for a 364-day tenor maturing on 1 December 2026, drew strong investor interest.
Egypt’s Health Minister leads high-level meeting to safeguard medicine, medical supply chains
Egypt’s Health Minister and Deputy Prime Minister Khaled Abdel Ghaffar chaired an expanded meeting to assess the stability of the country’s medicine and medical supplies supply chains, the Ministry of Health announced on Tuesday. The meeting brought together Finance Minister
Egypt unveils ambitious strategy to boost D-8 intra-trade to $500bn by 2030
Hassan El-Khatib, Minister of Investment and Foreign Trade, reaffirmed Egypt’s commitment to completing the ratification procedures for the Preferential Trade Agreement (PTA) among member states of the Developing-8 Organisation for Economic Cooperation (D-8). He added that Egypt will formally notify
Net foreign assets of Egypt’s banking sector rise to $22.6bn in October
The Central Bank of Egypt (CBE) announced that net foreign assets (NFAs) in the banking sector rose to $22.656bn, equivalent to EGP 1.070tn, in October 2025, compared to $20.783bn (around EGP 996.148bn) in September. According to the CBE’s monthly report,
Egypt forms committee to address customs disparities, strengthen local industry
Minister of Industry and Transport and Deputy Prime Minister for Industrial Development Kamel Al-Wazir has announced the formation of a committee to investigate harmful customs disparities affecting local industries and propose corrective measures. The committee will be chaired by the
Egypt aims for $20bn in apparel exports by 2030, tapping global supply chain realignments
Egypt’s ready-made garments and textiles sector has strong potential to achieve a major export leap and reach $20bn in annual exports by 2030, driven by global supply chain shifts and state-led efforts to strengthen manufacturing competitiveness, according to Mahmoud Ghazal,
Egypt’s AOI signs defence production deals with Chinese and Pakistani firms
Egypt’s Arab Organization for Industrialization (AOI) has signed memoranda of understanding with Chinese and Pakistani companies to localise the manufacturing of advanced military systems and technology, the authority said in a statement. AOI Chairman Major General Mokhtar Abdel Latif stated
Egyptian companies account for 63% of nation’s apparel export structure
Egyptian companies have maintained a dominant position within the country’s ready-made garment export structure, consistently holding a 62%-63% share of total exports. In comparison, foreign companies operating in Egypt account for 37%-38%. These figures highlight the vital role of local
Egypt, S. Korea hold meeting to tackle investment challenges, deepen economic cooperation
Egypt’s General Authority for Investment and Free Zones (GAFI) convened the inaugural meeting of the Egyptian-Korean Business and Investment Development Committee, with the participation of GAFI CEO Hossam Heiba and Hyundo Yi, Commercial Attaché at the South Korean Embassy in