Investment Minister discusses automotive industry localization, sector’s challenges
Hassan El-Khatib, Minister of Investment and Foreign Trade, held an extensive meeting with the managing directors of global automotive companies, agents, distributors and dealers, to discuss localizing the automotive industry in Egypt and the challenges facing the sector. This aligns
BRICS 2024 kicks off in Kazan: Charting path for new members
The BRICS 2024 Summit, which kicked off in the Russian city of Kazan on October 22, is set to be one of the “main events on the global agenda,” according to Kremlin spokesman Dmitry Peskov. With more than 30 countries
Egypt prioritises human development in new vision, says Al-Mashat
Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, underscored the critical importance of human development as a key driver of economic growth, emphasising the government’s commitment to this vital sector. Speaking at a high-level roundtable on Population
Suez Canal Bank offers EGP 1.2bn credit facility to Madkour Group
Suez Canal Bank has signed a credit facility agreement worth EGP 1.2bn with Madkour Group. This collaboration aims to expand the bank’s partnership base by offering innovative and flexible financing solutions to various institutions, helping them grow their businesses and
TEZ Tour to launch Egypt’s first advertising sports airline
TEZ TOUR Egypt has announced new investments in the aviation sector, preparing to launch the country’s first advertising sports airline. This innovative venture aims to offer a unique experience of sports-themed flights over Egypt’s iconic tourist attractions. Reaffirming its
GAFI, Hong Kong delegation explore investment opportunities in Egypt
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), met with a high-level economic delegation from Hong Kong, led by Nick Chan, Hong Kong Deputy to the National People’s Congress of China, and Herman Tse, Head
Egypt to reoffer lands of non-serious investors: Al-Wazir
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with Fayoum Governor Ahmed El-Ansary and senior officials to address challenges faced by investors in the governorate’s industrial zones and explore solutions. The meeting reviewed
Al Tadamun Microfinance, CIB sign credit facility agreement worth EGP 150m
Al Tadamun Microfinance Foundation, a leader in financing micro-enterprises for women, announced that it had signed an agreement with the Commercial International Bank – Egypt (CIB) to renew a credit facility agreement worth EGP 150m. This agreement aims to expand
Egypt, World Bank collaborate on Greater Cairo Air Pollution Management and Climate Change Project
Egypt’s Minister of Environment, Yasmine Fouad, inaugurated the opening session of a World Bank technical mission visit to review the progress of the Greater Cairo Air Pollution Management and Climate Change Project. This joint initiative between the Ministry of Environment
Al-Sisi orders review of Egypt’s IMF programme
Egypt’s President Abdel Fattah Al-Sisi has urged the government to reassess the country’s programme with the International Monetary Fund (IMF) in response to current regional and global developments. Speaking at the Global Conference on Population, Health, and Human Development (24PHDC)