Banque Misr grants EGP 2.6bn credit facility to Hyde Park for ‘Sea Shore’ project
Banque Misr has signed a credit facility agreement with Hyde Park Developments, providing EGP 2.6bn in financing to support the investment costs of the Sea Shore project on Egypt’s North Coast. The signing ceremony was attended by Hisham Okasha, CEO
World Bank commends Upper Egypt Local Development Programme
Manal Awad, Minister of Local Development, announced that the World Bank has highlighted the significant achievements of the Upper Egypt Local Development Programme (UELDP) in its latest report, praising its role in driving economic growth, enhancing infrastructure, and improving citizens’
Communications Minister engages global tech leaders to boost investment in Egypt’s outsourcing sector
Amr Talaat, Egypt’s Minister of Communications and Information Technology, continued high-level discussions with global tech companies at the Mobile World Congress (MWC) in Barcelona, aiming to attract new investments in Egypt’s outsourcing sector. His meetings also explored expanding cooperation in
Egyptian Space Agency, Tanmia Petroleum partner to enhance safety in energy sector
The Egyptian Space Agency (EGSA) and Tanmia Petroleum Company have signed a Memorandum of Understanding (MoU) to leverage space applications for developing advanced monitoring and early warning systems for petroleum and mineral resources facilities. The agreement was signed at EGSA’s
Madbouly reviews financial status of Egypt’s New Urban Communities Authority
Egyptian Prime Minister Mostafa Medbouly met with Housing Minister Sherif El-Sherbiny and Mohamed Ragai, Vice President of the New Urban Communities Authority for Financial, Administrative Affairs, and Human Resources, on Wednesday evening to review the financial position of the New
Egypt allocates EGP 1bn to boost local automotive industry: Kouchouk
The Egyptian government has allocated EGP 1bn in its fiscal year (FY) 2024/25 budget to finance a strategy aimed at localising the automotive industry, according to Finance Minister Ahmed Kouchouk. The plan seeks to attract investment partnerships in car manufacturing
ETA launches first comprehensive tax services guide
The Egyptian Tax Authority (ETA) has launched its first comprehensive tax services guide, a major step toward simplifying procedures for taxpayers and supporting Egypt’s digital transformation strategy. Announced by ETA Head Rasha Abdel Aal, the guide provides a fully detailed
Al-Sisi urges Arab leaders to back Egypt’s Gaza reconstruction plan, reject displacement
Egyptian President Abdel Fattah Al-Sisi has called on Arab leaders to adopt Egypt’s plan for rebuilding the Gaza Strip, emphasizing that the initiative ensures Palestinians remain on their land while reconstructing their communities. His remarks came during the emergency Arab
Final Communiqué: Emergency Arab Summit for Palestine
Daily News Egypt publishes the full text of the final communiqué from the Emergency Arab Summit for Palestine hosted by Egypt on Tuesday. The summit endorsed Egypt’s plan for the reconstruction of Gaza, ensuring the inhabitants will not be displaced
Egypt’s Health Minister meets EU delegation to discuss Gaza relief efforts
Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, met with a European Union delegation led by Stefano Sannino, Director-General for the Middle East and North Africa, to explore ways to enhance cooperation in sustaining Egypt’s