MSMEDA injects EGP 4.9bn to finance 128,290 small, micro projects in border governorates over 11 years
Bassil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that between July 2014 and August 2025, the agency has allocated around EGP 4.9bn to finance 128,290 small and micro projects in Egypt’s border governorates, creating
Madbouly urges completion of Egypt-Saudi power link’s second phase by April 2026
Egyptian Prime Minister Mostafa Madbouly on Tuesday urged that the second phase of the Egypt-Saudi Arabia electricity interconnection project be completed so that both phases are ready for operation by April 2026. His comments came during a field visit to
Al-Sisi holds talks with US, Chinese energy giants on Egypt expansion plans
Egyptian President Abdel Fattah Al-Sisi held separate meetings on Sunday with senior executives from US energy giants ExxonMobil and Apache Corporation, as well as China’s state-owned chemical engineering firm CNCEC, to discuss boosting investment and exploration in the country’s energy
Egypt targets over 42% renewable energy by 2030 in strategy update
Egypt aims to increase the share of renewable energy in its energy mix to over 42% by 2030, with a further goal of reaching 60% by 2040, according to recent updates to the country’s energy strategy, Electricity Minister Mahmoud Essmat
Al-Sisi reviews education reforms, orders new teacher bonus starting November
President Abdel Fattah Al-Sisi met on Tuesday with Prime Minister Mostafa Madbouly and Minister of Education Mohamed Abdel Latif to review the progress of Egypt’s education system as the new academic year begins, the presidency said in a statement. Presidential
Egypt’s Cabinet approves new universities, church legalisations
Egypt’s cabinet on Tuesday approved the establishment of new private and international universities, the legalisation of 160 churches and affiliated buildings, and a new draft law on competition and the prevention of monopolistic practices. In its weekly meeting, chaired by
Egypt, Saxony explore enhanced education, trade, green energy cooperation
Egyptian Prime Minister Mostafa Madbouly met with Michael Kretschmer, Minister-President of the German state of Saxony, on Wednesday, to discuss strengthening bilateral cooperation. The meeting, held in the New Administrative Capital, was attended by senior officials from both sides, including
Egypt to offer ‘Ministries Square’ to private sector investors
Egyptian Prime Minister Mostafa Madbouly chaired a meeting to review the steps and procedures for maximising the benefits of the “Ministries Square” area and offering it to the private sector, the cabinet said on Sunday. The meeting was attended by
Egypt approves record 2025/26 budget with focus on growth, social investment
The Egyptian cabinet, led by Prime Minister Mostafa Madbouly, has approved the draft budget for the 2025/2026 fiscal year and referred it to Parliament for discussion and final approval. The new budget reflects record spending and a continued commitment to
IFC to advise Egypt on private sector participation in airports
The Egyptian government has signed an advisory services agreement with the International Finance Corporation (IFC), the World Bank’s private sector arm, to expand private sector participation in the country’s airport sector. The signing ceremony was held on Monday at the