ACUD launches smart licensing system to streamline urban development in New Capital
The Administrative Capital for Urban Development (ACUD) has announced the completion of the first phase of its smart licensing and ministerial approvals system, marking a major transformation in the review of urban designs and the issuance of construction permits in
International financial institutions weigh increased investment in Egypt’s water sector
Egypt is seeking to scale up private sector investment and concessional financing for water desalination projects through a coordinated effort with a coalition of international financial institutions, the Minister of Planning, Economic Development and International Cooperation said. During an expanded
Egypt, Djibouti sign key agreements to boost cooperation in ports, logistics
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, oversaw the signing of several major cooperation agreements with Djibouti, marking a significant step forward in Egyptian-Djiboutian collaboration in maritime transport, logistics zones, and green
Minister of Public Enterprises reviews hotel development projects with TMG
Minister of Public Enterprises Sector Mohamed El-Shimy met with Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group Holding (TMG), and his accompanying delegation at the Ministry’s headquarters in the New Administrative Capital to review the latest developments
CBE, EBI launch ‘Foundations of Fraud Combating’ training programme for banking employees
As part of ongoing efforts to enhance professional competencies within the banking sector and strengthen resilience against emerging risks, the Central Bank of Egypt (CBE), in cooperation with the Egyptian Banking Institute (EBI), announced the launch of a new training
Japan provides EGP 1bn grant to Egypt for Suez Canal diving support vessel
Japan will provide an EGP 1bn ($22m) grant to Egypt to build and supply a first-of-its-kind diving support vessel (DSV) for the Suez Canal Authority (SCA) fleet, according to an executive agreement signed on Sunday. The grant, provided through the
Madbouly reviews outcomes of Digital Economy Advisory Committee
Prime Minister Mostafa Madbouly met on Sunday with Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat to review the outcomes of the work of the Digital Economy and Entrepreneurship Advisory Committee, as well as the working groups affiliated
EGP 25bn project launched to supply electricity to one million feddans in West Minya Plain
The Egyptian Countryside Development Company has announced the launch of a major project to construct extra-high-voltage and high-voltage power stations and feeder lines, in coordination with the Egyptian Electricity Transmission Company, an affiliate of the Ministry of Electricity and Renewable
Egypt launches solar power plant in Djibouti, expanding renewable energy cooperation
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, inaugurated a new solar power plant in Omar Jagaa village in Djibouti’s Arta region, marking a further step in strengthening bilateral cooperation between the two
Egyptian market awaits impact of 1% rate cut on savings returns, loans and debt instruments
The Egyptian market is awaiting banks’ return to business, Sunday, following the weekend break, to assess the impact of the Central Bank of Egypt’s (CBE) decision last Thursday to cut interest rates by 1% on returns from savings products and



