Madbouly reviews Egypt’s preparations to host 2027 African Games
Prime Minister Mostafa Madbouly met on Tuesday with Minister of Youth and Sports Gohar Nabil to review preparations for Egypt’s hosting of the 2027 African Games, which will serve as a qualifying event for the Los Angeles 2028 Olympic Games.
Egyptian government outlines second tax facility package targeting industry and capital markets
Egypt plans to replace its capital gains tax on stock market transactions with a stamp duty and cut value-added tax (VAT) on medical devices from 14 per cent to 5 per cent as part of a second package of tax
PM Madbouly reviews progress of Ras El Hekma megaproject with Modon Holding
Egyptian Prime Minister Mostafa Madbouly met with Jassem Al Zaabi, Chairperson of Modon Holding, to review progress on the implementation of the Ras El Hekma megaproject on Egypt’s northwestern Mediterranean coast. The meeting, held at the government headquarters in the
Al-Sisi reviews Egypt’s 2026-2030 industrial strategy, targets $100bn in non-oil exports
Egyptian President Abdel Fattah Al-Sisi on Monday reviewed the implementation of Egypt’s National Industrial Strategy 2026-2030, which aims to increase non-oil exports to $100bn and strengthen the country’s position as a regional manufacturing hub. The strategy was discussed during a
Egypt PM orders financial sustainability studies for state-owned press to settle debts
Egypt’s Prime Minister Mostafa Madbouly has directed the National Press Authority (NPA) to prepare a comprehensive study for each state-owned press institution outlining mechanisms to achieve financial sustainability and settle accumulated debts. The studies will be reviewed in coordination with
Egypt prepares to launch 2nd phase of Decent Life initiative after completing 826 villages
Egyptian Prime Minister Mostafa Madbouly on Sunday reviewed preparations for launching the second phase of the presidential Decent Life initiative, as the government seeks to accelerate the delivery of rural development projects while incorporating lessons learned from the first phase.
Egypt targets 78% debt-to-GDP by 2027, posts 5% Q3 growth despite regional conflict
Egypt’s newly approved state budget aims to reduce the debt-to-GDP ratio to approximately 78% by June 2027 and cut external debt by $1bn to $2bn, Prime Minister Mostafa Madbouly announced on Wednesday, as the economy recorded a 5% growth rate
Norway’s Scatec to invest $5bn in Egypt green energy over next two years
Norway’s Scatec plans to inject up to $5bn in new investments into Egypt over the next two years, company officials announced. The new investment plan will target strategic sectors, including water desalination powered by renewable energy, green data centres, solar
Egypt’s total fertility rate drops to 2.34 as population strategy yields results
Egypt’s total fertility rate fell to 2.34 births per woman at the end of 2025 from 2.54 at the end of 2023, according to data presented at a National Population Council meeting. The country’s crude birth rate also declined to
MIDAR, Majid Al Futtaim sign $3.1bn partnership to develop integrated urban project in New Cairo
MIDAR for Investment and Urban Development has signed a strategic partnership with Majid Al Futtaim to develop an integrated urban project within MADA City in New Cairo, with a total development value of $3.1bn. The agreement was announced during a