Government addresses challenges with clarity, decisiveness: Minister of Planning
Ahmed Rostom, Minister of Planning and Economic Development, met with Chitose Noguchi, Resident Representative of the United Nations Development Programme in Egypt, to explore opportunities for joint cooperation in energy, digital transformation, and data systems development in support of sustainable
Egypt to add 2,500 MW of renewable energy in 2026
Egypt plans to add 2,500 megawatts of renewable energy capacity to its national grid in 2026, the presidency announced Tuesday, as part of efforts to strengthen electricity stability and reduce reliance on fossil fuels. The statement followed a meeting
Indorama to invest $525m in Egypt fertiliser plant targeting 80% exports
Indorama Egypt Fertilisers has signed a contract to establish a new phosphate fertiliser plant in the Suez Canal Economic Zone (SCZONE) with a first-phase investment of $525m, targeting 80% of its production for export. The agreement, witnessed by Prime Minister
PM Madbouly reviews UPA finances, prioritises settlement of supplier dues
Egypt’s Prime Minister Mostafa Madbouly held a meeting on Tuesday to review the financial position of the Egyptian Authority for Unified Procurement, Medical Supply and Technology Management (UPA), alongside progress in settling outstanding dues to supplier companies. Madbouly reaffirmed the
Egypt, Morocco sign wide-ranging cooperation deals on investment, industry and taxation
Egypt and Morocco signed a series of agreements on Monday spanning industrial cooperation, investment, and the avoidance of double taxation to strengthen bilateral relations, the Egyptian cabinet said. Egyptian Prime Minister Mostafa Madbouly and his Moroccan counterpart Aziz Akhannouch witnessed
Al-Sisi calls for tighter inflation control, flexible exchange rate policy
Egyptian President Abdel Fattah Al-Sisi on Monday called for sustained efforts to curb inflation and maintain a flexible, unified exchange rate, while ensuring sufficient foreign currency availability to support economic activity. During a meeting with Prime Minister Mostafa Madbouly and
Egypt targets 5 million tonnes of local wheat as strategic reserves reach six-month level
Egypt is targeting the procurement of 5 million tonnes of domestic wheat during the current harvest season as part of a broader strategy to strengthen food security, Supply and Internal Trade Minister Sherif Farouk said on Sunday. The minister stated
Madbouly tours Benha Investment Zone to drive industrial growth, boost exports
Egypt’s Prime Minister Mostafa Madbouly conducted an extensive inspection tour on Saturday of several industrial facilities in the Benha Investment Zone, as part of the government’s ongoing efforts to support local investment, enhance industrial production, and expand exports. The visit
Al-Sisi underscores commitment to economic reforms, market stability
Egyptian President Abdel Fattah Al-Sisi affirmed on Wednesday that the government will press ahead with fiscal reforms aimed at safeguarding economic stability and accelerating private sector growth, amid the continued impact of regional conflict on markets and global supply chains.
Egypt to extend retail opening hours for upcoming Christian holidays
Egypt will extend the opening hours for shops, malls, and restaurants until 11 PM between April 10 and April 13 to mark upcoming Christian holidays, the cabinet announced on Wednesday. The decision, approved during a weekly meeting chaired by Prime