Egypt, Greece seek to deepen investment, innovation partnership
The General Authority for Investment and Free Zones (GAFI) is working to strengthen investment cooperation with Greece as part of Egypt’s broader strategy to expand economic ties with international partners. GAFI CEO Mohamed El-Gawsaky met with Greek Ambassador to Cairo
Egypt targets doubling oil output through advanced drilling technologies, global partnerships
Minister of Petroleum and Mineral Resources Karim Badawi met with senior executives from international oil companies operating in Egypt to discuss advancing drilling technologies and accelerating field development in line with global best practices, as part of a five-year strategy
GAFI explores expansion opportunities with ElSewedy Electrometer in Egyptian market
Mohamed El-Gawsaky, Chief Executive Officer of GAFI, met with Emad El-Sewedy, Chairperson of ElSewedy Electrometer, in the presence of Mohamed Shawky, Director of the company’s Electricity Business Line, and Hesham Shaker, Director of Financial Planning and Budgeting. The meeting focused
Egypt’s Supply Ministry cuts frozen poultry prices ahead of Ramadan
Egypt’s Ministry of Supply and Internal Trade has ordered a significant reduction in the price of frozen poultry at state-affiliated outlets and “Ahlan Ramadan” exhibitions, moving the price below the current rate of EGP 120, Minister Sherif Farouq said on
Emergency Labour Aid Fund disburses EGP 2.48bn to support over 441,000 workers nationwide
The Board of Directors of the Emergency Labour Aid Fund, chaired by Minister of Labour Mohamed Gobran, announced that the fund has disbursed a total of EGP 2.481bn since its establishment on 1 July 2002 through 8 February this year,
SODIC’s net profit surges 77% in 2025
Sixth of October Development and Investment Company (SODIC) delivered a strong set of consolidated financial results for 2025, posting sharp growth in revenues, profitability, and operational performance. The results were driven by robust demand across the company’s portfolio and the
Egypt health minister highlights youth investment at Diplomacy Forum
Egypt’s Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, underscored the importance of investing in youth, health and education as pillars of Egypt’s future during a youth diplomacy forum held in Cairo. Speaking at the fourth edition of
Al-Sisi reaffirms support for Somalia’s unity, warns against threats to Horn of Africa stability
Egyptian President Abdel Fattah Al-Sisi reaffirmed on Sunday Egypt’s “categorical rejection” of any actions that could threaten Somalia’s security, stability, or territorial integrity, underscoring Cairo’s commitment to supporting stability in the Horn of Africa and deepening cooperation with Somalia across
Yield on Egypt’s international bonds falls to 4% amid strong market performance: Finance Minister
Minister of Finance Ahmed Kouchouk said that risks related to Egypt’s public debt have declined, driven by growing investor confidence in the country’s economic trajectory and improving macroeconomic indicators. He noted that Egypt’s strong performance in international markets has contributed
Cairo, Athens call for international stability force in Gaza and settlement of Iranian nuclear file
Egypt’s Foreign Minister Badr Abdelatty on Sunday called for the rapid deployment of an international stability force to monitor a ceasefire in Gaza and emphasised Cairo’s ongoing efforts to reach a consensual settlement regarding the Iranian nuclear file. In a