FRA, Youth Ministry sign protocol to ensure optimal use of funding for MSMEs
The Financial Regulatory Authority (FRA) has signed a cooperation protocol with the Ministry of Youth and Sports to oversee the effective use of funding provided to small, medium, and micro-enterprises (SMEs). The signing ceremony also marked the launch of Egypt’s
China’s BAIC, Egypt’s Alkan Auto partner to establish EV factory
Deputy Prime Minister for Industrial Development, Minister of Industry and Transport Kamel El-Wazir witnessed the signing of an agreement between China’s BAIC and Alkan Auto, a subsidiary of the Egyptian International Motors, to establish an electric vehicle factory in Egypt.
Al-Sisi, Eni CEO discuss boosting bilateral cooperation
Egypt’s President Abdel Fattah Al-Sisi received on Monday Claudio Descalzi, CEO of the Italian company Eni, and his accompanying delegation of senior company officials, to discuss joint cooperation. The meeting was attended by Karim Badawi, Egypt’s Minister of Petroleum and
Madbouly stresses Egypt’s commitment to reforms in meeting with European People’s Party
Egyptian Prime Minister Mostafa Madbouly met with Manfred Weber, President of the European People’s Party Group in the European Parliament, on Tuesday in Cairo, discussing economic challenges, regional crises, and the deepening partnership between Egypt and the European Union. Madbouly
Netanyahu refuses Egypt’s Gaza truce proposal
Israeli Prime Minister Benjamin Netanyahu rejected the Egyptian initiative for a short-term truce with the resistance movements in the Gaza Strip, which was announced by Egyptian President Abdel Fattah Al-Sisi on Sunday evening. Al-Sisi said during a press conference
Egypt looks forward to constructive discussions during IMF’s 4th review of reform programme: Kouchouk
Ahmed Kouchouk, Egypt’s Minister of Finance, expressed optimism for positive and constructive discussions during the upcoming visit of the International Monetary Fund (IMF) mission, which aims to conduct the “fourth review” of Egypt’s economic reform programme. He emphasized the importance
MSMEDA injects EGP 1.9bn to fund 80,000 small, micro-enterprises in Aswan over decade
Basel Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), announced that the agency has invested EGP 1.9bn in Aswan from 1 July 2014 to the end of September 2024. This funding has supported approximately 80,000 small
Egypt proposes 2-day Gaza truce, strengthens ties with Algeria
Egypt has proposed a two-day ceasefire in the Gaza Strip, with the exchange of four Israeli detainees for some Palestinian prisoners as a potential starting point, President Abdel Fattah Al-Sisi announced Sunday. Egypt opposes any forced displacement of Palestinians from
PM follows up on Ras El-Hekma development progress, compensation status
Prime Minister Mostafa Madbouly held a meeting Sunday to review updates on the development of the first phase of Ras El-Hekma project and the status of compensating the area’s residents. At the beginning of the meeting, the Prime Minister noted
No plans to increase taxes for investors: Deputy Finance Minister
Sherif El-Kilani, Deputy Minister of Finance for Tax Policies, said that the tax facilities announced by the Minister of Finance are the first package, and will be followed by many other packages. He noted that implementing the first package of