Turkish firm Eroglu Moda Tekstil to invest $5.6m in Egypt garment factory
Turkish company Eroglu Moda Tekstil has signed an agreement to establish a $5.6m (EGP 265m) ready-made garment factory in the West Qantara Industrial Zone, targeting the export of 95% of its annual production to global markets. Waleid Gamal El-Dein, Chairperson
Real GDP growth projected to reach 6.2% by FY 2029/30: Finance Ministry
Egypt’s real GDP growth is projected to reach around 5% in fiscal year (FY) 2025/2026 and 5.3% in FY 2026/2027, before accelerating to 6.2% by FY 2029/2030, according to the Ministry of Finance. In its Medium-Term Fiscal Strategy covering FY
FRA launches first register for tech-based risk assessment firms in non-banking finance
The Financial Regulatory Authority (FRA) has issued a decision establishing a dedicated register for companies that provide technology-driven risk assessment systems for non-banking financial activities, marking a significant step in regulating the use of advanced technologies within Egypt’s non-banking finance
Egypt accelerates phase 2 of BRT, Ring Road upgrades to ease congestion, expand green transport
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, conducted an inspection tour to review progress on phase two of the Bus Rapid Transit (BRT) project and ongoing works under the second phase of
Egypt’s Health Ministry, Philips to study local manufacturing of CT scan machines
Egypt’s Ministry of Health and Population is preparing a joint feasibility study with Philips to localise the manufacturing of CT scan machines, the ministry announced on Monday. Khaled Abdel Ghaffar, Deputy Prime Minister for Human Development and Minister of Health
African World Heritage Fund registers four new sites as Egypt hosts board meetings
The African World Heritage Fund (AWHF) facilitated the registration of four new African heritage sites on the UNESCO World Heritage List during the last six months, officials announced during board meetings hosted by Egypt. The 38th session of the AWHF
Egypt, Saudi Arabia coordinate on regional crises ahead of first Supreme Council meeting
Egypt and Saudi Arabia on Monday agreed to intensify political consultation and coordination to address escalating regional challenges, affirming a unified stance on resolving conflicts in Gaza, Sudan, Yemen, and Somalia. The agreement followed meetings in Cairo between Egyptian President
Housing Minister reviews progress at alternative site for Samla, Alam Al-Roum
Minister of Housing, Utilities and Urban Communities Sherif El-Sherbiny held a meeting to review progress on ongoing works at the site designated as an alternative location for the Samla and Alam Al-Roum areas, as well as to assess the current
Industry Ministry rolls out incentive package to expand cold-rolled, coated steel production
Egypt’s Ministry of Industry has unveiled a new package of investment incentives aimed at encouraging the establishment of factories producing cold-rolled, galvanised, and pre-painted steel sheets and coils, which are regarded as key inputs for a wide range of strategic
Egypt, Qatar sign MoU to expand cooperation in energy
Egypt and Qatar have signed a memorandum of understanding (MoU) in Doha to strengthen cooperation in the energy sector, particularly in the sale and import of liquefied natural gas (LNG), as well as other areas of energy collaboration. The MoU