Egypt’s Al-Mashat assumes UN ESCWA leadership, plans regional think tank coalition
Egypt’s Rania Al-Mashat officially assumed her duties as United Nations Under-Secretary-General and Executive Secretary of the UN Economic and Social Commission for Western Asia (ESCWA) on Tuesday, announcing plans to launch a coalition of regional think tanks to support evidence-based
Former World Bank official Ahmed Rostom takes over Egypt’s planning ministry
Ahmed Rostom has been appointed Egypt’s Minister of Planning and Economic Development, succeeding Rania Al-Mashat, as part of a new cabinet formation announced on Tuesday by the Speaker of the House of Representatives, Hesham Badawy. International and Financial Expertise Rostom
Egypt launches startup charter targeting $1bn in investment over five years
Egypt launched its first national “Startup Charter” on Saturday, seeking to mobilise $1bn in financing over five years and create approximately 500,000 direct and indirect job opportunities. The charter, unveiled by Prime Minister Mostafa Madbouly and Minister of Planning, Economic
Global protectionist policies offer Africa industrial investment opportunities, Egypt’s Al-Mashat says
Global protectionist policies are creating opportunities for African nations to attract industrial investment by encouraging companies to reshore activities to the continent, Egypt’s Minister of Planning, Economic Development and International Cooperation said on Wednesday. Speaking at the launch of the
Egypt targets 70% private sector investment by 2030 following 5.3% quarterly growth: Al-Mashat
Egypt is targeting a rise in the private sector’s share of total investment to over 70% by 2030, Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat said on Tuesday, following a 5.3% GDP growth rate in the first
AfDB provides $170m to Egypt for economic diversification and sustainability
Egypt and the African Development Bank (AfDB) have signed a $170m agreement for the second phase of the Private Sector Development and Economic Diversification Support Program (PSD-EDSP II) to support the state budget and advance structural reforms. The Minister of
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