Egypt’s Safaga 2 terminal receives giant cranes as logistics hub project nears completion
Egypt has received three giant quay cranes and six yard cranes at the Safaga 2 multipurpose terminal, Transport Minister Kamel al-Wazir announced on Tuesday. The delivery of the “super post-panamax” cranes, manufactured by China’s Shanghai Zhenhua Heavy Industries (ZPMC), marks
PM Madbouly reviews UPA finances, prioritises settlement of supplier dues
Egypt’s Prime Minister Mostafa Madbouly held a meeting on Tuesday to review the financial position of the Egyptian Authority for Unified Procurement, Medical Supply and Technology Management (UPA), alongside progress in settling outstanding dues to supplier companies. Madbouly reaffirmed the
Government advances restructuring of NIB to strengthen development role: Planning Minister
Ahmed Rostom, Minister of Planning and Economic Development and Chair of the National Investment Bank (NIB), chaired a meeting of the Bank’s Board of Directors to review progress on its ongoing restructuring, aimed at strengthening its role as the government’s
CI Capital closes EGP 2.21bn securitisation issuance for Halan Consumer Finance
CI Capital, a leading financial services group, announced on Monday the successful completion of an EGP 2.214bn securitised bond issuance on behalf of Capital for Securitisation, with Halan Consumer Finance acting as the originator. The issuance was structured across two
Egypt, Morocco sign wide-ranging cooperation deals on investment, industry and taxation
Egypt and Morocco signed a series of agreements on Monday spanning industrial cooperation, investment, and the avoidance of double taxation to strengthen bilateral relations, the Egyptian cabinet said. Egyptian Prime Minister Mostafa Madbouly and his Moroccan counterpart Aziz Akhannouch witnessed
Egypt FM Abdelatty holds talks with Germany, Canada and Estonia to contain regional tensions
Egypt is intensifying its diplomatic efforts to prevent the region from sliding into “comprehensive chaos” and instability, Foreign Minister Badr Abdelatty said on Monday during high-level discussions with counterparts from Germany, Canada, and Estonia. In separate phone calls with German
Al-Sisi calls for tighter inflation control, flexible exchange rate policy
Egyptian President Abdel Fattah Al-Sisi on Monday called for sustained efforts to curb inflation and maintain a flexible, unified exchange rate, while ensuring sufficient foreign currency availability to support economic activity. During a meeting with Prime Minister Mostafa Madbouly and
Egypt launches fourth phase of smart green projects initiative
The Egyptian government on Monday launched the fourth phase of the National Initiative for Smart Green Projects (NISGP), as part of ongoing efforts to support the transition to a green economy and strengthen climate action at the local level. The
Egypt, Morocco explore deeper agricultural cooperation, trade and investment
Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk, held talks with Ahmed El Bouari, Morocco’s Minister of Agriculture, Maritime Fisheries, Rural Development, Water and Forests, to explore ways to strengthen bilateral cooperation across the agricultural sector. The meeting took
Military Production Minister explores manufacturing partnerships with MSMEDA
Minister of State for Military Production Salah Gamblat met with Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), to discuss expanding cooperation across a range of manufacturing sectors. The Monday meeting comes as part of