Fouad advances Egyptian-African cooperation in environmental protection
Egypt’s Minister of Environment, Yasmine Fouad, participated in the Second Roundtable of the African Forum of Environmental Protection Agencies (AFEPA) in Cairo, hosted by CEDARE in collaboration with the UNEP Regional Office, from 3 to 5 December. The forum brought
Banks, mortgage companies inject EGP 78.66bn into low-income initiative in November
Financial institutions participating in Egypt’s low-income mortgage finance initiative provided a total of EGP 78.66bn in funding to over 606,839 beneficiaries in November 2024. A report from the Social Housing Fund and Mortgage Finance Fund revealed that 22 banks contributed
Egypt’s Abdelatty conducts diplomatic push on Syria crisis
Egypt’s Foreign Minister, Badr Abdelatty, conducted a series of urgent diplomatic calls on Wednesday, December 4, to address the deteriorating situation in Syria. The calls come amid reports of Hayat Tahrir al-Sham (HTS), an al-Qaeda affiliate, entering northeastern neighbourhoods of
Chinese well drilling firm helps turn Egypt’s desert into green farmland
As a giant sugar beet harvester powered through the vast farmland in the desert west of Minya province in southern Egypt, dozens of trucks were busy loading the harvested beets and transporting them to a processing factory about 40 km
Algammal for Contracting expands role in Egypt’s infrastructure, renewables
Algammal for Contracting, a major player in Egypt’s infrastructure sector, is significantly expanding its operations across various sectors, including electricity, water, sanitation, and renewable energy, according to Mohamed Farouk Hafeez, the company’s vice president. The company is deeply involved
Mid Takseet rebrands as MOGO, increases capital to EGP 225m
Consumer finance company Mid Takseet has rebranded as MOGO (Money on the GO) and significantly increased its capital to EGP 225m. The rebranding, which includes a shorter, more memorable name and streamlined application processes, aims to boost market share and
International expertise strengthens trust, partnerships in tax community: Finance Minister
Egypt’s Minister of Finance Ahmed Kouchouk has emphasized the Ministry’s commitment to leveraging international expertise to foster trust, partnerships, and certainty within the tax community. This initiative is part of a broader strategy to boost private sector growth and fortify
Nissan commits $47m to expand operations in Egypt
Egypt’s Prime Minister Mostafa Madbouly witnessed the signing of a landmark investment agreement on Wednesday between Nissan Egypt and the Egyptian government. The agreement paves the way for the local production of a third vehicle model at Nissan’s factory in
Al-Wazir explores advancing Egypt’s railway, smart transport projects
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, has held pivotal meetings with international leaders in railway and smart transportation during his visit to Italy. These discussions aimed to accelerate Egypt’s transport modernization
Egypt’s external debt surges 307% as GNI climbs 69%: World Bank
Egypt’s external debt skyrocketed by 307%, while its Gross National Income (GNI) rose by 69%, according to the World Bank’s International Debt Report 2023. Among Low- and Middle-Income Countries (LMICs), Egypt recorded a $17.4bn short-term debt inflow in 2022, representing