MSMEDA channels EGP 939m into Sinai to fund SMEs, create 25,000 jobs
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has injected EGP 939.4m into North and South Sinai between 2014 and 2025, financing nearly 10,000 projects and generating around 25,000 job opportunities. Of the total funding, EGP 23m was allocated
Egypt showcases ‘Masdar’ platform at UN forum to enhance development financing decisions
Egypt’s Ministry of Planning and Economic Development has highlighted its “Masdar” platform as a key tool for improving decision-making and directing financing towards priority sectors, during its participation in the United Nations Economic and Social Council Forum on Financing for
Egypt targets 5.4% growth in FY2026/27, rising to 6.8% by 2030: Planning Minister
Minister of Planning and Economic Development Ahmed Rostom told parliament’s plenary session that Egypt’s economy is projected to grow by 5.4% by the end of the fiscal year (FY) 2026/2027, rising to 6.8% by the end of the medium-term plan
Al-Sisi, Finland’s president hold talks on economic co-operation, regional developments
Egypt’s President Abdel Fattah Al-Sisi and Finland’s President Alexander Stubb discussed ways to strengthen economic and investment co-operation, alongside key regional developments, particularly in the Middle East, according to the Egyptian presidency. In a Tuesday statement, the presidency said Al-Sisi
Egypt pitches itself as gateway to Middle East, Africa for Finnish investors
Egyptian Prime Minister Mostafa Madbouly has pitched his country as a strategic gateway to the Middle East and Africa for Finnish investors, urging them to explore opportunities in priority sectors such as digital transformation, clean energy, and manufacturing. Speaking at
Deputy PM explores deeper cooperation with US financing, development institutions
Hussein Eissa, Deputy Prime Minister for Economic Affairs, has participated in a joint Egyptian-American working session hosted by Motaz Zahran, Egypt’s Ambassador to the United States. The meeting brought together Mohamed Farid Saleh, Minister of Investment and Foreign Trade; Samar
Madbouly reviews Finance Minister’s Washington engagements during IMF-World Bank Spring Meetings
Prime Minister Mostafa Madbouly met with Finance Minister Ahmed Kouchouk to review key meetings and engagements held on the sidelines of the IMF-World Bank Spring Meetings in Washington, D.C. During the meeting, Kouchouk said he held discussions with counterparts from
Egypt steps up efforts to shield startups, SMEs from global headwinds: MSMEDA chief
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), said state entities are working in close coordination to mitigate the impact of global economic challenges on startups and small and medium-sized enterprises (SMEs) in Egypt. He
Sakr to invest EGP 940m in three projects at Sokhna Industrial Zone
Waleid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), witnessed the signing of contracts for three new projects by Sakr for Electronics and Energy (SDC Investment Fund) within the MDC industrial developer’s zone in the integrated Sokhna Industrial
Planning Minister explores deeper cooperation with ILO on jobs, entrepreneurship
Ahmed Rostom, Minister of Planning and Economic Development, met with Eric Oechslin, Director of the International Labour Organization (ILO) Office in Cairo, to discuss strengthening cooperation across key development priorities, including decent work, skills development, and support for start-ups. During