Suez Canal signs $2bn first-phase deal to build petrochemical complex in Ain Sokhna
Osama Rabie, Chairperson of the Suez Canal Authority (SCA), witnessed on Wednesday the signing of a strategic partnership agreement between the SCA and Anchorage Investments to establish a major industrial petrochemical complex on SCA-owned land in Ain Sokhna, northwest of
SCZONE launches pilot digital one-stop shop for investors
The Suez Canal Economic Zone (SCZONE) has officially launched a pilot digital service package aimed at enhancing the experience for investors. This marks the first phase in a broader effort to digitize various services offered by the SCZONE. The digital
Egypt, India set ambitious trade target of $12bn in five years, up from $4.2bn
Egypt and India have set an ambitious target to increase bilateral trade from $4.2bn in 2024 to $12bn over the next five years. This goal was outlined during a meeting between Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib,
Egypt’s Suez Canal explores food security partnership with China’s FAMSUN
Suez Canal Authority (SCA) Chairperson Osama Rabie recently met with Chen Zhengjun, President of China’s FAMSUN, to discuss potential collaboration in food security. The talks centered on forming a strategic partnership as part of the SCA’s broader development initiatives, leveraging
Suez Canal facilitates unconventional transit of ADMARINE260 Rig
The Suez Canal successfully facilitated the transit of the ADMARINE260 rig on Saturday, employing a non-standard towing and piloting procedure. The Liberian-flagged rig, measuring 45 metres long and 48 metres wide with a total weight of 3,543 tonnes, was towed
Suez Canal signs MoU with Omani Integrated Logistic Services
Osama Rabie, Chairperson of Suez Canal Authority, witnessed on Wednesday, the signing of a Memorandum of Understanding (MoU) with Omani Integrated Logistic Services SAOC. The signing ceremony, held at the Authority’s headquarters in Ismailia. The MoU outlines discussions on
CBE plans to establish fund to support producers in various sectors: Al-Wazir
Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, reiterated Egyptian banks’ commitment to providing the financing necessary for production and industrial facilities. This initiative aims to redirect focus from consumer financing to industrial growth.
Madbouly stresses Egypt’s commitment to reforms in meeting with European People’s Party
Egyptian Prime Minister Mostafa Madbouly met with Manfred Weber, President of the European People’s Party Group in the European Parliament, on Tuesday in Cairo, discussing economic challenges, regional crises, and the deepening partnership between Egypt and the European Union. Madbouly
Egyptian President Sees BRICS as a Breakthrough for Member Interests
KAZAN — Egyptian President Abdel Fattah al-Sisi has said he sees the BRICS group as a breakthrough in advancing the interests of all its members, particularly in trade. Al-Sisi made the remarks during a meeting with Russian President Vladimir Putin
Al-Sisi calls for enhanced economic cooperation at BRICS Business Forum
Egyptian President Abdel Fattah Al-Sisi delivered a recorded address to the BRICS Business Forum on Friday, emphasizing the importance of economic cooperation and investment among member countries. “This forum is being held at a time when the world is witnessing