Egypt aims to reduce debt-to-GDP ratio below 85% over 3 years: Finance Ministry
Yasser Sobhi, Deputy Minister of Finance for Fiscal Policies, stated that the goal is to achieve financial discipline and bring the debt-to-GDP ratio below 85% of GDP within the next three years. In June, Egypt reduced the external debt of
Egypt’s Foreign Minister, Iranian counterpart discuss regional tensions
Egypt’s Foreign Minister, Badr Abdelatty, held a phone call on Monday with his Iranian counterpart, Abbas Araghchi, to discuss the escalating tensions in the Middle East, particularly in Lebanon and the Gaza Strip. In a statement released by the Spokesperson
Egypt’s FM condemns Israeli actions in Lebanon, Gaza in call with UK counterpart
Egypt’s Foreign Minister, Badr Abdelatty, condemned Israel’s ground incursion into southern Lebanon, reiterating Egypt’s opposition to any violation of Lebanese sovereignty and calling for an immediate ceasefire. During a phone call with his UK counterpart, David Lammy, on Monday, Abdelatty
Post for Investment, AXA launch Egypt’s first microinsurance company
Post for Investment, the investment arm of Egypt Post, and AXA Egypt have signed a strategic partnership agreement. Amr Talaat, Minister of Communications and Information Technology, Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), and French Ambassador to Egypt
FRA reveals size of non-banking financing in July 2024
The Financial Regulatory Authority (FRA) has disclosed the total volume of non-banking financing provided by institutions under its supervision to various sectors in July 2024. Micro, Small, and Medium Enterprises (MSMEs) According to a recent FRA report, the outstanding
Swiss Barry Callebaut to establish $30m factory in Egypt
Yasser Abbas, Deputy CEO of the General Authority for Investment and Free Zones (GAFI), met with a delegation from the Swiss company Barry Callebaut, led by Vamsi Mohan, Regional Head for Asia, Africa, and the Middle East, to discuss the
Egypt, Sweden explore cooperation in health investment
Chairperson of Egypt Healthcare Authority and Supervisor General of the Universal Health Insurance and Life Dignified projects, Ahmed El-Sobky, met with Swedish Ambassador to Cairo Håkan Emsgård, along with representatives from major Swedish companies in the country to discuss enhancing
Egypt to establish desalination plants in 11 coastal governorates
Deputy Minister of Housing, Utilities, and Urban Communities, Sayed Ismail, has held a meeting to review the progress of the strategic plan for seawater desalination through 2050. The meeting also discussed boosting coordination between relevant state entities for desalination plants.
Egypt, League of Islamic Universities discuss bilateral cooperation in environmental issues
Egypt’s Minister of Environment, Yasmine Fouad, met on Sunday with Sami Al-Sharif, Secretary-General of the League of Islamic Universities (LIU), and his accompanying delegation, to discuss ways of cooperation between the two sides. During the meeting, ways of cooperation
Magnom Properties invests $1bn Forbes International Tower development in Egypt
Magnom Properties, the real estate arm of Rawabi Holding, announced that it is considering launching the Forbes International Tower project in Saudi Arabia and the UAE, with projected investments exceeding $1bn for each location, according to the company’s CEO, Maged