Egypt to organize reverse exhibitions for local spare part production
Kamel Al-Wazir, Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, announced a series of initiatives aimed at advancing national industry and protecting the interests of manufacturers. These include measures to prevent land speculation in industrial
Water Ministers of Egypt, Nigeria meet to enhance collaboration
Egyptian Minister of Water Resources and Irrigation, Hani Sewilam, and Nigerian Minister of Water Resources, Joseph Utsev, met to discuss ways to strengthen bilateral cooperation in the water sector. Minister Sewilam expressed his pleasure in meeting with Minister Utsev and
Chemical Export Council calls for incentives to strengthen plastic waste recycling infrastructure
Mohamed Maged, Executive Director of the Chemical and Fertilizer Export Council, has urged the government to provide incentives and benefits to develop advanced infrastructure for plastic waste collection and recycling. Speaking during the Circular Plastic Economy session at the Pan
Al-Sisi, Haftar discuss Libyan stability, security
Egyptian President Abdel Fattah Al-Sisi met with Field Marshal Khalifa Haftar, commander of the Libyan National Army (LNA), on Saturday, to discuss the situation in Libya. Head of the Egyptian General Intelligence Service, Hassan Rashad, also attended the meeting. Presidential
Archaeologists uncover Ptolemaic-era statue head in Alexandria’s Taposiris Magna
A French archaeological mission led by Joachim le Bomin, in collaboration with Lyon University and the French Institute of Eastern Archaeology in Cairo, has uncovered a remarkable marble statue head from the Ptolemaic period at the ruins of a 7th-century
Egypt’s Al-Mashat, EU official discuss €4bn macro-financial assistance programme
Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met virtually with Elena Flores, Deputy Director-General of the European Commission and Head of International Economic and Financial Relations, to discuss the next phase of the Egypt-EU Strategic Partnership’s
Egypt to approve simplified tax system for SMEs, entrepreneurs, and professionals soon: Finance Minister
Ahmed Kouchouk, Egypt’s Finance Minister, has announced that a simplified tax system designed to support small and medium-sized enterprises (SMEs), entrepreneurs, and professionals will soon be approved. This initiative is part of the government’s broader effort to drive investment and
Egyptian Minister, Japanese Ambassador review cooperation plans in Cairo
Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met with Japan’s Ambassador to Cairo, IWAI Fumio, to discuss the implementation plan for outcomes from her December 2024 visit to Japan. The meeting, held at the ministry’s headquarters
CIB completes EGP 1.56bn securitization deal for B.TECH, serving as financial advisor, arranger, and manager
The Commercial International Bank (CIB) Egypt has successfully concluded the fourth securitization deal for B.TECH, valued at EGP 1.5605bn. CIB acted as the financial advisor, arranger, manager, and promoter for the transaction, which is part of a two-year securitization Programme
CBE reveals developments in Egypt’s external debt as of June 2024
Egypt’s external debt reached $152.9bn in June 2024, marking a decrease of approximately $11.8bn (7.2%) compared to June 2023. This decline resulted from several factors, including the conversion of around $11bn in UAE deposits at the CBE into investments for