Egypt, Turkey discuss Gaza Ceasefire efforts in phone call
Egyptian Foreign Minister Badr Abdelatty and Turkish Foreign Minister Hakan Fidan held a phone call on Saturday, April 5th, to discuss regional issues, including efforts to reinstate a ceasefire in Gaza. The call, part of ongoing communication between the two
Gold markets shift to parallel dollar rate, creating EGP 60 gap between local, global prices: iSagha
Gold prices in Egypt’s local market remained stable during Saturday’s trading session, coinciding with the weekly closure of global exchanges. This steadiness followed a volatile week that saw global gold prices swing sharply as investors liquidated holdings to offset stock
Egyptian Investment Minister Engages with Alexandria Business Community, Pledges Improved Export Support
ALEXANDRIA, Egypt, April 6 (Reuters) – Egyptian Minister of Investment and Foreign Trade, Hassan El-Khatib, met with members of the Alexandria Chamber of Commerce and representatives of the city’s business and investment community during a visit to Alexandria. The meetings
Net foreign assets in Egypt’s banking sector rise by $1.5bn in February 2025
The Central Bank of Egypt (CBE) announced that net foreign assets within the Egyptian banking system rose by approximately $1.5bn during February 2025, reaching $10.17bn (equivalent to EGP 515.856bn), up from $8.7bn (EGP 437.261bn) in January. According to a recent
EU approves €4bn loan for Egypt
The European Parliament has approved the second tranche, worth €4bn, of the European Union’s (EU) Macro-Financial Assistance (MFA) package for Egypt. The announcement was made by the Egyptian Ministry of Planning and Economic Development, and International Cooperation in a statement
Egypt approves record 2025/26 budget with focus on growth, social investment
The Egyptian cabinet, led by Prime Minister Mostafa Madbouly, has approved the draft budget for the 2025/2026 fiscal year and referred it to Parliament for discussion and final approval. The new budget reflects record spending and a continued commitment to
Egypt, Tajikistan strengthen health cooperation, pharmaceutical partnerships
Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, met with Tajikistan’s Ambassador to Egypt, Parviz Mirzazoda, to explore opportunities for enhancing bilateral health cooperation and expanding partnerships in the medical and pharmaceutical sectors. Abdel Ghaffar
Chinese Deli Group plans major industrial complex in 10th of Ramadan City
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with a delegation from China’s Deli Group, a leading manufacturer of tools and equipment, to discuss the company’s plans to establish a large-scale industrial complex
N Gage Consulting, GAFI sign MoU to boost investment in Egypt
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), and Sherif Fahmy, CEO of N Gage Consulting, have signed a Memorandum of Understanding (MoU) to enhance cooperation in promoting investment in Egypt. The agreement formalizes the
Egypt accelerates pharmaceutical industry development in state-owned companies
Mohamed El-Shimy, Minister of Public Enterprises, and Ali El-Ghamrawy, Chairperson of the Egyptian Drug Authority (EDA), conducted an extensive field visit to subsidiaries of the Holding Company for Pharmaceuticals, Chemicals, and Medical Supplies. The tour covered Arabian Drug Company (ADCO),