Egypt, EU coordinate on 2026-2027 development grants as growth surpasses 5%
Egypt’s economic growth rate exceeded 5% during the first quarter of the current fiscal year, Planning, Economic Development and International Cooperation Minister Rania Al-Mashat said. The announcement followed the disbursement of a €1bn tranche in January 2026 under the European
EIB commits $80m to RMBV North Africa Fund III, catalysing over $300m in investments
The European Investment Bank (EIB), through its development arm EIB Global, has committed $80m to the RMBV North Africa Fund III to accelerate private sector development and sustainability in Egypt, as part of a broader regional investment strategy covering North
EU to disburse €1bn to Egypt on Thursday under Macro-Financial Assistance mechanism
Egypt is scheduled to receive a €1bn disbursement from the European Union this coming Thursday under the Macro-Financial Assistance (MFA) budget support mechanism, according to Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat. The payment follows the government’s
Egypt orders expedited irrigation works, livestock grants for Aswan farmers
Egypt’s planning and agriculture ministers have ordered the immediate resolution of obstacles facing small farmers in Aswan, directing the rapid completion of irrigation projects and the distribution of livestock and poultry grants to rural households. During a field tour of
International financial institutions weigh increased investment in Egypt’s water sector
Egypt is seeking to scale up private sector investment and concessional financing for water desalination projects through a coordinated effort with a coalition of international financial institutions, the Minister of Planning, Economic Development and International Cooperation said. During an expanded
Japan provides EGP 1bn grant to Egypt for Suez Canal diving support vessel
Japan will provide an EGP 1bn ($22m) grant to Egypt to build and supply a first-of-its-kind diving support vessel (DSV) for the Suez Canal Authority (SCA) fleet, according to an executive agreement signed on Sunday. The grant, provided through the
From shield to showcase: Egypt’s military envoys briefed on 2026 economic ‘turning point’
In a room filled with the nation’s newly designated military attachés, the talk was not of ballistics or borders, but of textiles, tech hubs, and the price of global trade. Dr. Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development and
Egypt’s Planning Minister commends outgoing South Korean Ambassador as cooperation portfolio hits $1.3bn
South Korea’s concessional financing portfolio in Egypt reached $1.3bn in 2025, Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat said on Wednesday. The figure was disclosed during a meeting between Al-Mashat and the outgoing South Korean Ambassador to
MSMEDA coordinates national efforts to support innovators, start-ups: Rahmy
Basel Rahmy, Chief Executive Officer of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), affirmed that the Agency is intensifying coordination with all relevant stakeholders to ensure that innovators and start-ups receive comprehensive support. This includes cooperation with government
Egypt, Canada sign development agreements worth EGP 552m for women’s empowerment, food security
Egypt has signed three grant agreements with Canada worth approximately EGP 552m to fund projects focused on women’s empowerment, food security, and refugee support, the Ministry of Planning, Economic Development and International Cooperation said on Wednesday. The agreements were signed