Egypt and Pakistan to establish joint development planning platform following New York talks
Egypt and Pakistan have agreed to establish a joint periodic cooperation platform between their planning ministries to exchange development visions and expertise, following a proposal by Islamabad during talks in New York. Egyptian Minister of Planning and Economic Development Ahmed
Education spending tops 2.5% of GDP, remittances near $40bn: HDB CEO
Yahia Aboul Fotouh, Chief Executive Officer of Housing and Development Bank (HDB), said the banking sector views investment in education as a cornerstone of sustainable development and human capital formation, stressing that financing education is a long-term investment that supports
14 countries account for 68.8% of Egypt’s foreign trade in H1 FY2025/26: CBE
Fourteen countries accounted for 68.8% of Egypt’s total foreign trade during the first half (July–December) of fiscal year 2025/26, with combined trade reaching $50.616bn, according to a report published by the Central Bank of Egypt (CBE). The total comprised imports
PM Madbouly reviews progress of Ras El Hekma megaproject with Modon Holding
Egyptian Prime Minister Mostafa Madbouly met with Jassem Al Zaabi, Chairperson of Modon Holding, to review progress on the implementation of the Ras El Hekma megaproject on Egypt’s northwestern Mediterranean coast. The meeting, held at the government headquarters in the
Private sector to account for 59% of total investment in FY2026/27: Planning minister
Ahmed Rostom, Minister of Planning and Economic Development, said on Monday that the government adopted an economic and social development plan for the 2026/27 fiscal year that targets increasing the private sector’s share of total investment to around 59%. Rostom
Opinion | Dividends and Divides: Appraising the Social Aspect of Egypt’s New Fiscal Budget
In the coming weeks, a new two-pound coin and revised one-pound coin will enter circulation, marking the latest update to the Livre Égyptienne. Intended to minimise minting costs, streamline fare collection and curb metal melting, the reforms appear modest when
Egypt pushes cooperation with Afreximbank on entrepreneurship
Ahmed Rostom, Minister of Planning and Economic Development, met with Haythham El Maayergi, Executive Vice President of the African Export-Import Bank (Afreximbank), to discuss advancing bilateral cooperation and supporting Egypt’s entrepreneurship ecosystem. The meeting was attended by Amr El Abd,
Deputy PM rings EGX bell to launch listing of four state-owned firms
Hussein Eissa, Deputy Prime Minister for Economic Affairs, rang the opening bell at the Egyptian Exchange (EGX) on Sunday to mark the temporary listing of four state-owned companies under the government’s state ownership programme. The move underscores the state’s commitment
Planning, higher education ministers discuss establishing start-up financing fund
Ahmed Rostom, Minister of Planning and Economic Development, met with Abdel Aziz Konsowa, Minister of Higher Education and Scientific Research, to discuss ways to enhance coordination in developing Egypt’s innovation and entrepreneurship ecosystem. The meeting aimed to support joint efforts
MSMEDA injects EGP 79.6bn in financing since 1991: CEO
Bassel Rahmy, Chief Executive Officer of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), said that the agency has injected EGP 79.6bn in financing since its establishment 35 years ago under the name of the Social Fund for Development.