Egypt’s GDP growth records 2.4% in FY 2023/24
Egypt’s GDP growth rate slowed to 2.4% in the fourth quarter of fiscal year (FY) 2023/24, bringing the annual growth rate to 2.4%, down from 3.8% in the previous year. The slowdown was attributed to a combination of factors includingongoing
Egypt secures $2.9bn in new financing: Al-Mashat
Egypt is on track to secure $2.9bn in new financing from a group of development partners, including the European Union, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat told Daily News Egypt. The funds are intended to support
Egypt, UAE leaders witness launch of $110bn Ras El-Hekma Development Project
Egypt President Abdel Fattah Al-Sisi and UAE President Mohamed bin Zayed Al Nahyan witnessed the launch of the Ras El-Hekma development project on Egypt’s western North Coast, a significant step in strengthening economic ties between the two countries. The total
UAE’s ADQ appoints Modon Master Developer for Egypt’s Ras El-Hekma Megaproject
Abu Dhabi-based investment and holding company ADQ has appointed Modon Holding PSC as the master developer for the Ras El-Hekma megaproject, a major development spanning 170 million square metres on Egypt’s northwestern coastline. The appointment was announced in the presence
Egypt’s Ras El-Hekma Megaproject: Modon Holding Secures Key Partners for
Modon Holding PSC, the master developer for the Ras El-Hekma megaproject on Egypt’s Mediterranean coast, has taken a significant step forward by securing key partnerships for the ambitious development. The project, situated on Egypt’s north coast, is envisioned as a
Egypt’s Al-Wazir, Poland’s PADMA discuss plan to establish furniture production complex in New Alamein
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with a delegation from Polish company PADMA, led by CEO Dariusz Krupa, to discuss the company’s investment plans in Egypt’s furniture manufacturing sector. PADMA
SCZone Chairperson promotes zone’s investment opportunities in Marseille
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZone), recently participated in a promotional tour in Marseille, France, seeking to attract French investment to the SCZone. Gamal El-Din participated in a session titled “Business Climate in Egypt: Challenges,
Investment Minister meets 30 French companies to promote investment in Egypt
Minister of Investment and Foreign Trade Hassan El-Khatib has participated in a series of meetings organized by MEDEF International, the French Business Confederation comprising 7,100 companies across various sectors. The meetings were attended by French Ambassador to Cairo Eric Chevallier,
Madaar announces expansion plans, exclusive offers at Cityscape Egypt 2024
Madaar Development, a leader in Egypt’s real estate market, has presented exclusive deals and flexible long-term payment plans at Cityscape Egypt 2024, solidifying its market presence with ambitious expansion plans and innovative offerings. During the exhibition that lasted from 25
Rapid regional developments impact economy: Prime Minister
Egypt’s Prime Minister Mostafa Madbouly chaired a government meeting on Wednesday, at the Cabinet headquarters in the New Administrative Capital. Madbouly stated that the rapid developments in the region created an exceptional circumstance that impacted the economic conditions of several