Mansour Group, SAIC Motor announce $135m auto plant in Egypt
Prime Minister Mostafa Madbouly attended on Sunday the signing ceremony of a landmark agreement between Mansour Group and China’s SAIC Motor to establish a $135m automotive manufacturing plant in Egypt. The agreement includes a technical licensing deal to produce MG
CBE to offer $800m T-bill auction to settle previous issuance
The Central Bank of Egypt (CBE) will hold a Treasury bill (T-Bill) auction denominated in US dollars on Monday, offering $800m in new debt. The proceeds from this auction will be used to settle the maturity of a prior T-Bill
Egyptian Intelligence Chief Meets Libyan Armed Forces Commander in Benghazi
Hassan Rashad, head of the Egyptian General Intelligence Service (GIS), met with Field Marshal Khalifa Haftar, General Commander of the Libyan Armed Forces, at the General Command headquarters in Benghazi on Sunday. Rashad was accompanied by a high-level security delegation.
Egyptian gold demand declines in Q4 2024 amid price hikes
Local demand for gold in Egypt decreased in the fourth quarter of 2024, despite stabilising prices, due to rising inflation and higher price levels, according to the Gold Bullion 2024 report. Throughout 2024, gold prices in Egypt experienced significant fluctuations,
Jordanian Minister of Agriculture Visits Egyptian Arabian Horse Farm
Jordanian Minister of Agriculture Khaled Hneifat visited an Egyptian farm of original Arabian horses during a trip to Egypt. The visit was part of his participation in meetings of the Egypt-Jordan Agricultural Technical Committee. During the visit, Hneifat met with
STIO Life Science invests EGP 400m to localize Egypt’s pharmaceutical industry
Amr Abdel Razek, Chairperson of STIO Life Science (SLS), announced that the company has invested EGP 400m in the Egyptian market during 2023/2024. These funds have been directed toward development initiatives and securing the necessary business licenses. Abdel Razek highlighted
Health Minister clarifies key concerns about Medical Liability Law
Khaled Abdel Ghaffar, Deputy Prime Minister for Human Development and Minister of Health and Population, addressed widespread discussions surrounding the Medical Liability Law, particularly the chapter on penalties. He clarified that these penalties are not new but are drawn from
Egypt, Gabon strengthen ties, endorse Egyptian UNESCO candidate
Egypt and Gabon have reaffirmed their commitment to strengthening bilateral ties, with Gabon announcing its support for Egypt’s candidate for Director-General of UNESCO. The announcement came during a meeting on Friday between Egyptian Foreign Minister Badr Abdelatty and Gabonese President
Egyptian investments in Africa surpass $14bn: FM
Badr Abdelatty, Egypt’s Minister of Foreign Affairs, participated in the Egypt-Gabon Business Forum held in Libreville, the capital of Gabon. The event brought together Gabonese President Ali Bongo Ondimba, seven key Gabonese government ministers—including those responsible for Foreign Affairs, Public
PM Madbouly tours Mahalla’s Spinning, Weaving factories to boost textile production
Prime Minister Mostafa Madbouly visited Mahalla al-Kubra on Saturday to inspect the Misr Spinning and Weaving Company, part of the Cotton, Spinning, Weaving, and Ready-Made Garments Holding Company under the Ministry of Public Enterprise Sector. The visit underscored the government’s