CBE plans to establish fund to support producers in various sectors: Al-Wazir
Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, reiterated Egyptian banks’ commitment to providing the financing necessary for production and industrial facilities. This initiative aims to redirect focus from consumer financing to industrial growth.
BP CEO meets with Egyptian President, Prime Minister, pledges continued investment
Egyptian President Abdel Fattah Al-Sisi and Prime Minister Mostafa Madbouly met separately Monday with Murray Auchincloss, chief executive officer of British Petroleum (BP), to discuss ongoing and future energy investments in Egypt. The meetings, attended by Minister of Petroleum and
Minister of Investment discusses ENKA’s expansion plans in Egypt across key sectors
Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, held a meeting with Mehmet Tara, Chairperson of ENKA, a leading Turkish company specializing in infrastructure, renewable energy, real estate, and oil and gas. The discussions centred on investment opportunities in
Egypt imports 158,700 tonnes of European apples in 2023: Polish Fruit Growers
Mirosław Maliszewski, a Member of the Polish Parliament (Sejm) and President of the Polish Fruit Growers Association, reported that Egypt imported approximately 158,754 tonnes of European apples during the 2022/2023 season, valued at €71.785m. Speaking at a conference organized by
Hepatitis C initiative saves Egypt about EGP 16bn in medical costs: Health Minister
Khaled Abdel Ghaffar, Deputy Prime Minister and Minister of Health and Population, has reviewed the Ministry of Health and Population’s efforts to implement evidence-based interventions and initiatives. He highlighted the significant success of the Presidential Initiative to Eliminate Hepatitis C,
KOICA, NTA host seminar celebrating capacity building training for Egyptian civil servants
The Korea International Cooperation Agency (KOICA), the official development assistance agency of the Republic of Korea, and the Egyptian National Training Academy (NTA) jointly organized a Knowledge Sharing Seminar to celebrate the conclusion of a three-year capacity-building programme in Korea.
GAFI wins Sustainability Excellence Award for attracting Haier Electronics project
The General Authority for Investment and Free Zones (GAFI) has been awarded the Sustainability Excellence Award in recognition of its efforts to attract Haier Egypt Electronics, one of the most prominent investment projects in Egypt. Hossam Heiba, CEO of GAFI,
Seraj Developments expands in residential projects in New Cairo
Seraj Developments plans to expand in New Cairo by acquiring prime land for residential projects, building a strong track record to support future growth into gated communities. Chairperson Mohamed Omara highlighted the company’s entry into real estate in 2016, with
REITs offer ownership opportunities, investment potential: Developers
Real estate investment trusts (REITs) are crucial as they provide investors with the opportunity to diversify their portfolios and gain exposure to a variety of property assets. They allow for fractional ownership, making property investment accessible to a broader range
Damietta Port’s new container terminal nears completion
Damietta Port’s new container terminal is nearing completion, with operational trials set to begin immediately after phase one is finished, according to officials. Egypt’s Prime Minister Mostafa Madbouly and Vice Prime Minister for Industrial Development and Minister of Industry and