Egypt launches industrial fund, unified investment platform to boost production, exports
Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, announced a set of new initiatives aimed at supporting industry and exports, including the launch of an industrial fund under the Egyptian Sovereign Fund and a unified digital platform for economic
South Africa completes technical plans for automotive and industrial pact with Egypt
South Africa has completed technical preparations for proposed industrial and automotive cooperation protocols with Egypt, South African Minister of Trade, Industry and Competition Parks Tau said during bilateral talks in Cairo. The expansive discussions, which included Egyptian Minister of Investment
Banks operating in Egypt adopt international ISO 20022 standard for financial transfers
In a pivotal step towards transforming Egypt’s digital payments infrastructure, the Central Bank of Egypt (CBE) announced the adoption of the international ISO 20022 standard across the Egyptian banking sector for SWIFT messaging in interbank financial transfers, effective 21 June
CBE prohibits financing for company formation, capital increases, and dividend distributions
The Central Bank of Egypt (CBE) has issued a directive requiring banks not to grant credit facilities to customers for the purpose of financing the capital of companies under incorporation, funding capital increases, or using bank financing to support cash
Egypt discusses deepening investment, trade cooperation with France
Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, held an extensive meeting with a French diplomatic delegation that included Éric Chevallier, the French Ambassador to Cairo; Pascal Furth, Economic Counsellor and Head of the Economic Department at the French
Planning Ministry holds first session of ‘Business Clinic’ to support start-ups, address operational challenges
The Egypt Entrepreneurship and Innovation Centre, affiliated with the National Institute for Governance and Sustainable Development, held the first session of the “Business Clinic” initiative, which operates under the umbrella of the Ministry of Planning and Economic Development, in coordination
MSMEDA implements integrated plan to develop traditional handicraft clusters: CEO
Bassel Rahmy, Chief Executive Officer of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), confirmed that the agency is implementing an integrated plan to develop production clusters for traditional and heritage crafts, in cooperation with the relevant governorates, ministries,
Al-Sisi attends graduation of new class of religious preachers at Military Academy
President Abdel Fattah Al-Sisi attended the graduation ceremony of the third training course for Ministry of Endowments (Awqaf) imams, known as the Imam Hassan al-Attar Class, at the Egyptian Military Academy in the New Administrative Capital. According to a presidential
New Jabal Al-Tayr discovery reshapes understanding of early Egyptian funerary architecture
An Egyptian archaeological mission from the Supreme Council of Antiquities has uncovered two tombs dating back to Egypt’s Early Dynastic Period, along with several burials from the Predynastic and Late Periods, during excavation works at the Jabal Al-Tayr site in
Egypt, Sierra Leone sign MoU to boost pharmaceutical cooperation
The Egyptian Drug Authority (EDA) signed a memorandum of understanding (MoU) with the Pharmacy Board of Sierra Leone to enhance bilateral cooperation in pharmaceutical regulation, technical expertise exchange, and capacity building. The agreement was signed by Ali El Ghamrawy, Chairperson