Egypt, Volkswagen discuss multi-stage plan to localise car manufacturing
Egypt’s Vice Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held a virtual meeting with Thomas Schäfer, CEO of the Volkswagen brand and member of the Volkswagen Group Board of Management, to discuss the company’s
Petroleum minister, AngloGold Ashanti discuss expanded investments in Egypt
Minister of Petroleum and Mineral Resources Karim Badawi held a meeting in London with Hoda Mansour, Managing Director and Vice Chairperson of Sukari Gold Mines, representing global mining leader AngloGold Ashanti. The talks took place on the sidelines of Badawi’s
Egypt denies coordination with Israel over Rafah crossing
Egypt on Wednesday rejected Israeli claims that the two sides had reached an agreement to reopen the Rafah crossing in one direction to allow Palestinians to leave the Gaza Strip, stressing that no coordination or discussions had taken place, according
Egypt’s PM cites optimism on IMF reviews as economic indicators beat targets
Prime Minister Mostafa Madbouly stated on Wednesday that there is “optimism” concerning ongoing talks with the International Monetary Fund (IMF) mission, citing positive economic indicators that have surpassed targets in some areas. Speaking at a weekly press conference following a
Egypt to swap capital gains for stamp duty to boost stock market investment
Egypt plans to replace capital gains tax with a stamp duty to stimulate institutional investment in the stock exchange, Finance Minister Ahmed Kouchouk announced on Wednesday, as part of a second package of tax facilities aimed at supporting the business
Egypt, Bulgaria sign protocol to expand economic ties across 19 sectors
Egypt and Bulgaria have signed a protocol to strengthen cooperation across 19 strategic sectors, including renewable energy, industry, and investment, aiming to bolster economic relations ahead of the centenary of diplomatic ties between the two nations. The agreement was finalised
Egypt tackles waste sector funding gaps, local governance reforms
Egypt’s Minister of Local Development and Acting Minister of Environment, Manal Awad, held two meetings on Wednesday with Minister of Finance Ahmed Kouchouk at the ministry’s headquarters in the New Capital to discuss key financial and environmental priorities, including support
Egypt’s Abdelatty urges deployment of international stabilisation force in Gaza during Berlin talks
Egyptian Foreign Minister Badr Abdelatty called for the rapid deployment of an international stabilisation force in Gaza to ensure a lasting ceasefire, emphasising the need to implement U.N. Security Council Resolution 2803. Speaking during a meeting with Gunther Sautter, the
Egypt opens COP24 Mediterranean, urges faster transition to sustainable blue economy
Egypt on Tuesday inaugurated the 24th Meeting of the Parties to the Barcelona Convention (COP24) in Cairo, convening ministers and representatives from 21 Mediterranean countries alongside regional and international organisations to advance efforts to protect the Mediterranean Sea from pollution.
CBE attracts $1.041bn in bids for USD T-bills, accepts $961m at 3.75% rate
The Central Bank of Egypt (CBE) received 19 bids totaling $1.041bn in its USD-denominated local treasury bill auction held on Monday. The offering, originally sized at $950m for a 364-day tenor maturing on 1 December 2026, drew strong investor interest.