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
BP to invest $1.5bn in Egypt gas projects for fiscal year 2026/27
British energy giant BP plans to invest approximately $1.5bn in Egypt during the 2026/2027 fiscal year to fund gas development, exploration, and the drilling of new wells, the company’s executive vice president for gas and low carbon energy, William Lin,
PM Madbouly reviews strategic medicine stocks, raw material supply
Egypt’s Prime Minister, Mostafa Madbouly, chaired a high-level meeting on Sunday to review the availability of pharmaceutical products and active raw materials in the domestic medicine market. The meeting, attended by relevant ministers and officials, focused on ensuring the adequacy
PM Madbouly appoints Hamdy Badawi as assistant to FRA chair
Egypt’s Prime Minister Mostafa Madbouly has issued Decree No. 443 of 2026 appointing Hamdy Mahmoud Badawi as Assistant to the Chairperson of the Financial Regulatory Authority (FRA). Badawi brings more than 26 years of experience in criminal investigations and the
Al-Sisi swears in new governors, calls for enhanced local service delivery
Egypt’s President Abdel Fattah Al-Sisi on Monday oversaw the swearing-in ceremony of newly appointed governors and deputy governors at the presidential headquarters in Cairo, according to a presidential statement, in a move aimed at strengthening local administration and governance. The
Al-Sisi reviews summer electricity plan, orders accelerated solar expansion
Egyptian President Abdel Fattah Al-Sisi reviewed the government’s preparations to secure electricity supplies during the upcoming summer season, as peak demand on the national grid is forecast to rise by 6-7%. The review took place during a meeting with Prime
Al-Sisi orders social support package ahead of Ramadan, reviews fiscal reform agenda
Egypt will roll out a new social support package this week to assist vulnerable and low-income groups ahead of the high-demand Ramadan season, the Egyptian Presidency announced on Saturday. During a meeting with Prime Minister Mostafa Madbouly and Finance Minister
Egypt to transfer 40 state companies to sovereign fund and list 20 on stock exchange
Egypt is preparing 60 state-owned companies for either transfer to its sovereign wealth fund or listing on the stock exchange, the head of the government’s state-owned enterprises unit said on Wednesday. Hashem El Sayed, assistant to the prime minister and