Egypt’s Transport Ministry calls for increased use of Ro-Ro shipping to boost exports to Europe
The Egyptian government, in its ongoing efforts to expand exports to European and global markets and strengthen the national economy, has launched a Ro-Ro (roll-on/roll-off) shipping line between Damietta Port and Italy’s Trieste Port. The first voyage of this initiative
Egypt explores industrial zone development with Türkiye’s Polaris Parks
Mohamed El-Shimy, Egypt’s Minister of Public Enterprises Sector, met with a delegation from Turkish industrial zone developer Polaris Parks to discuss potential collaboration in industrial development. The delegation, led by Chairperson Tunç Özkan and accompanied by Executive Managing Director Osman
Rooftop farming transforms once-impoverished Egyptian village into thriving oasis
Xinhua – Once a struggling village, Nagaa Aoun in Egypt’s Beheira Governorate, north of Cairo, has undergone a significant transformation. Through innovative rooftop farming, the community has become self-sufficient in vegetables and enjoys a steady income. Leading this effort is
Islamic banking in Egypt increases to EGP 1.14trn in 2024
The Islamic banking sector in Egypt reached EGP 1.14trn in 2024, representing approximately 5% of the total banking market, according to Mohamed El-Beltagy, Chairperson of the Egyptian Islamic Finance Association (EIFA). This marks an increase of EGP 412bn compared to
Egyptian plan to rebuild Gaza ready for implementation: Palestinian PM
Palestinian Prime Minister Mohamed Mostafa confirmed that Egypt’s reconstruction plan for Gaza is finalized and ready for implementation. During a joint press conference in Cairo with Egyptian Foreign Minister Badr Abdelatty, Mostafa stated that Egypt and Palestine have reviewed the
Egypt, Italy strengthen transport cooperation with strategic talks
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel El-Wazir, held a virtual meeting with Italy’s Deputy Prime Minister and Minister of Transport and Infrastructure, Matteo Salvini, to discuss expanding cooperation across various transport sectors.
“El-Leila El-Kebira Everywhere” project aims to promote Egyptian heritage
Egypt’s Ministry of Culture is launching “El-Leila El-Kebira Everywhere,” a project designed to protect and promote Egyptian heritage, coinciding with the start of Ramadan. The initiative aims to bring the cultural significance of El-Leila El-Kebira to diverse audiences in schools,
Egypt’s Deputy PM calls for expansion of road, transport projects abroad
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, chaired the General Assembly meeting of the Holding Company for Road, Bridge, and Land Transport Projects, where the financial statements for the fiscal year 2023/2024 were
Reefy Microfinance pumps EGP 4bn into Egypt’s economy in 2024
Reefy Microfinance Enterprise Services has injected EGP 4bn in financing during 2024, pushing the company’s total funding since its establishment in 2007 beyond EGP 20bn. Notably, the past year alone accounted for 20% of the total financing provided throughout the
Daikin expands presence in Egypt with new headquarters
Daikin, a global leader in high-quality air conditioning, heating, ventilation, and refrigeration (HVAC-R) solutions for residential, commercial, and industrial applications, has officially inaugurated its new headquarters in New Cairo City, Egypt. Strategically located in Marakez District 5, the upgraded facility