Raedbots launches as Egypt’s first local industrial robotics manufacturer
Raedbots has officially launched as the first company in Egypt and the Middle East dedicated to the local design and manufacturing of industrial robots, aiming to meet rising demand for automation across regional industries. The company develops robotic systems in-house
Egypt’s Industry Minister discusses boosting competitiveness of handicrafts sector
Minister of Industry Khaled Hashem held an expanded meeting with Mohamed El-Sewedy, Chairperson of the Federation of Egyptian Industries, and members of the Handicrafts Chamber, headed by Mohamed Sakr, to discuss mechanisms to develop Egypt’s handicrafts and heritage industries and
Government addresses challenges with clarity, decisiveness: Minister of Planning
Ahmed Rostom, Minister of Planning and Economic Development, met with Chitose Noguchi, Resident Representative of the United Nations Development Programme in Egypt, to explore opportunities for joint cooperation in energy, digital transformation, and data systems development in support of sustainable
CBE bars credit facilities for unregistered entities
The Central Bank of Egypt (CBE) has instructed banks not to grant or renew credit facilities to non-banking credit providers unless they are officially registered, assigned a CBE code, and recorded on its information network as well as with the
MSMEDA, Outreach partner to expand non-financial services for entrepreneurs under ‘Orange Corners’
In a move to strengthen cooperation between national development institutions and international partners, the Medium, Small, and Micro Enterprise Development Agency (MSMEDA) has signed a cooperation agreement with Outreach Egypt, the implementing partner of the Orange Corners Egypt initiative backed
EDECS, MEDLOG partner to build landmark Dry Port in 10th of Ramadan City
EDECS, a leading regional engineering and contracting group, and MEDLOG, the global logistics arm of MSC Group, have signed an agreement to launch a major dry port project in 10th of Ramadan City. Spanning 189,000 square meters, the facility will
Fragile US-Iran ceasefire tested by early violations as Islamabad talks loom
A ceasefire between the United States and Iran has taken effect with broad international support, but early violations and continued hostilities are already casting doubt on its durability ahead of talks scheduled in Islamabad. Egyptian President Abdel Fattah Al-Sisi hailed
Egypt temporarily lists 6 state-owned firms on EGX under IPO programme
Egypt has temporarily listed six state-owned companies on the Egyptian Exchange (EGX), a move aimed at accelerating the government’s initial public offering (IPO) programme and increasing private sector participation in the economy. The listings include two subsidiaries of the Chemical
Egypt reaffirms support for Kuwait, urges regional de-escalation
Egypt has voiced full support for Kuwait amid ongoing regional tensions, calling for de-escalation and renewed diplomatic efforts to prevent a wider conflict. In a statement on Wednesday, Egypt’s Foreign Ministry said Foreign Minister Badr Abdelatty delivered a message
Egypt to add 2,500 MW of renewable energy in 2026
Egypt plans to add 2,500 megawatts of renewable energy capacity to its national grid in 2026, the presidency announced Tuesday, as part of efforts to strengthen electricity stability and reduce reliance on fossil fuels. The statement followed a meeting