Pharco launches EGP 500m eye drops production line with annual capacity of 20 million packs
Pharco Pharmaceuticals has inaugurated a new specialized production line for ophthalmic (eye) drops at its Amreya City facility in Alexandria, with total investments exceeding EGP 500m. Nearly EGP 300m was allocated to the new line, which reflects Egypt’s growing pharmaceutical
Huawei, AIS partner to localize grid-forming battery storage manufacturing in Egypt
Huawei and AIS have signed a Memorandum of Understanding (MOU) to jointly develop local manufacturing of Grid-Forming Battery Energy Storage Systems (BESS) in Egypt. This strategic alliance represents a pivotal step toward strengthening Egypt’s renewable energy infrastructure, supporting national goals
Egypt targets 5.4% growth in FY2026/27, rising to 6.8% by 2030: Planning Minister
Minister of Planning and Economic Development Ahmed Rostom told parliament’s plenary session that Egypt’s economy is projected to grow by 5.4% by the end of the fiscal year (FY) 2026/2027, rising to 6.8% by the end of the medium-term plan
EGP 80bn allocated in FY2026/27 budget to boost production, exports: Finance Minister
Finance Minister Ahmed Kouchouk said EGP 80bn has been allocated in the fiscal year (FY) 2026/2027 budget to programmes aimed at supporting and stimulating production, manufacturing, entrepreneurship, and exports of goods and services. The allocation includes EGP 48bn for export
Egypt warns regional escalation must not derail phase two of Trump’s Gaza plan
Egyptian Foreign Minister Badr Abdelatty warned that the current regional escalation must not divert international attention from completing the second phase of US President Donald Trump’s plan for Gaza, including the deployment of an international stabilisation force. The foreign minister
Opinion | Is Germany losing confidence? A Hertie School perspective
Hertie School in Berlin holds a special place in my academic journey, not only as a leading institution examining Germany’s political, social, and human dynamics, but also as a formative personal experience. My time there, and my continued engagement with
Alshaya Group opens first global talent centre in Egypt to drive offshoring growth
Alshaya Group has officially inaugurated its first offshoring Global Talent Centre in Egypt, under the patronage of Ahmed El Zaher, CEO of the Information Technology Industry Development Agency (ITIDA), and in the presence of John Hadden, CEO of Alshaya Group.
Upwyde, Vezeeta partner to operate integrated medical facility at Prk Vie in New Cairo
Upwyde Developments has signed a strategic agreement with Vezeeta to manage and operate a fully integrated medical building within its “Prk Vie” project in New Cairo’s Golden Square. Under the agreement, Vezeeta will oversee the operation of the facility, which
Egypt’s Industrial Authority weighs licensing reforms to ease investor burden
Egypt is stepping up efforts to streamline industrial licensing and improve the investment climate, as the Industrial Development Authority (IDA) explores a new package of reforms aimed at reducing costs and accelerating procedures for manufacturers. Nahed Youssef, Head of the
Military Production Ministry, FEI explore expanded industrial co-operation to boost local manufacturing
Minister of State for Military Production Salah Gomaa held talks with Mohamed El‑Sewedy, President of the Federation of Egyptian Industries (FEI), to explore avenues for strengthening co-operation aimed at advancing local industry and localising manufacturing technologies. The meeting comes in