Egypt, EU discuss strengthening trade, investment ties
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, recently met with the European Union’s Ambassador-designate to Egypt, Angelina Eichhorst, to explore opportunities for enhancing trade and investment cooperation between Egypt and the EU. The discussion focused on strategies to
Local liquidity in Egypt’s banking sector increases by EGP 2.46trn in 11M 2024
Egypt’s banking sector saw a significant increase in local liquidity, rising to EGP 11.34trn in November 2024, a boost of EGP 2.46trn from the EGP 8.88trn recorded in December 2023. The Central Bank of Egypt (CBE) reported that the money
Egypt calls for Lebanese-led solution to presidential vacuum
Egyptian Foreign Minister Badr Abdelatty emphasised on Tuesday the need for a Lebanese consensus to end the country’s presidential vacuum, “without external impositions.” Abdelatty’s statement came during a phone call with Jean-Yves Le Drian, the French President’s Special Envoy to
Egypt’s banking sector records $5.95bn net foreign asset surplus in November 2024
The Central Bank of Egypt (CBE) announced that the banking sector’s net foreign assets (NFA) reached a surplus of $5.95bn (EGP 295.6bn) in November 2024, down from a surplus of $9.2bn (EGP 450.861bn) in October 2024. This marks a continued
Egypt welcomes record 15.7 million tourists in 2024 despite regional challenges
Egypt welcomed a record-breaking 15.7 million tourists in 2024, despite ongoing geopolitical challenges in the region, Minister of Tourism and Antiquities Sherif Fathy announced during a meeting of the Culture, Tourism, Antiquities, and Media Committee. This marks a historic achievement
Egypt’s Health Ministry issues nearly 4 million treatment decisions in 2024
The Ministry of Health and Population has announced that in 2024, the state will issue a total of 3,934,336 treatment decisions, at a cost exceeding EGP 24.21bn. These treatment decisions will benefit 2,344,603 citizens. Hossam Abdel Ghaffar, the official spokesperson
Refining Helwan University’s academic mission, embracing digital future are top priorities: Kandil
As one of Egypt’s leading higher education institutions, Helwan University has remained a cornerstone of academic and societal development. With its vast array of disciplines and strategic location in Greater Cairo, it balances offering high-quality education with social responsibility and
Al-Sisi reviews progress on transport projects, industrial localization
President Abdel Fattah Al-Sisi held a meeting on Sunday with Prime Minister Mostafa Madbouly, Deputy Prime Minister for Industrial Development and Minister of Transport and Industry Kamel El-Wazir, and Amir Sayed Ahmed, the President’s Advisor for Urban Planning. During the
Egypt targets mining sector contribution of 5-6% of GDP
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi announced the resumption of development activities at the Zohr gas field, which will include drilling two developmental wells during January. The minister also revealed plans to launch the Mineral Resources Portal
Egypt launches E-Voting, performance monitoring programmes to accelerate digital transformation
Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, participated in the launch of two pivotal initiatives aimed at boosting the country’s digital transformation: the e-voting project and a new performance and complaints measurement programme, both unveiled at