Egypt aims to localise pump manufacturing in cooperation with Turkey’s Turbosan
During his visit to the Turbosan Pump factory in Turkey, Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny met Sadat Oglu, the Chairperson of Turbosan Pump, to explore opportunities for transferring and localizing the pump manufacturing industry needed for
UNDP, Egypt-Japan Business Council sign agreement to enhance cooperation
Hassan El-Khatib, Minister of Investment and Foreign Trade, has witnessed the signing of a Memorandum of Understanding (MoU) between the Egypt-Japan Business Council and the United Nations Development Program (UNDP), in the presence of Hiroshi Oka, Japanese Ambassador to Cairo,
Egyptian President Sees BRICS as a Breakthrough for Member Interests
KAZAN — Egyptian President Abdel Fattah al-Sisi has said he sees the BRICS group as a breakthrough in advancing the interests of all its members, particularly in trade. Al-Sisi made the remarks during a meeting with Russian President Vladimir Putin
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