Finance Minister targets higher spending on industry, exports and human development
Ahmed Kouchouk, Minister of Finance, said the Egyptian economy is showing signs of improvement, affirming the ministry’s commitment to continuing fiscal facilitations without imposing additional burdens on investors or citizens. He stressed that fiscal policy will remain balanced and comprehensive,
Public Enterprises Ministry, Future of Egypt discuss boosting industry cooperation
Minister of Public Enterprises Sector Mohamed Shimi received Head of Future of Egypt Authority for Sustainable Development Bahaa El-Ghannam, at the ministry’s headquarters in the New Capital to discuss ways to strengthen cooperation and advance strategic partnerships in support of
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
Textile, spinning industry development project receives strong political support: El-Shimy
Mohamed El-Shimy, Minister of Public Enterprises Sector, said that the national project to develop the textile and spinning industry is receiving strong support and close attention from the political leadership, noting its pivotal role in strengthening national industry and boosting
Egypt moves to deepen local manufacturing, cut textile imports
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held a meeting with Minister of Public Enterprises Sector Mohamed El-Shimy and a group of manufacturers from the spinning, textiles, ready-made garments, and home furnishings industries
Egypt, Sudan move to deepen industrial, trade cooperation
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with Sudan’s Minister of Industry and Trade, Mahasin Ali Yaqoub, and her accompanying delegation to explore ways to strengthen bilateral relations and expand industrial
CBE’s 1% rate cut eases financing costs, boosts industry, market confidence
The Central Bank of Egypt (CBE) announced a 1% cut in its key interest rates last Thursday, marking a significant step towards easing monetary conditions and supporting economic activity amid signs of moderating inflation. The decision was widely welcomed by
Egypt, Tanzania explore joint strategic projects in transport, industry
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held high-level talks with Tanzanian officials on launching joint strategic projects in the transport and industrial sectors, underscoring the deepening partnership between the two countries.
Egypt’s food industry exports surge 11% to exceed $5.8bn this year
Egypt’s food industry exports reached more than $5.8bn during the first ten months of 2024, marking an 11% increase compared to the same period last year, Deputy Prime Minister for Industrial Development Kamel al-Wazir said on Thursday. Opening the fourth
PM says Egypt’s non-oil exports expected to reach $48-50bn this year
Egypt expects its non-oil merchandise exports to reach between $48bn and $50bn by the end of the current year, marking a 20% annual growth rate, Prime Minister Mostafa Madbouly said on Wednesday. Speaking at a weekly press conference, Madbouly stated