Egypt’s President Al-Sisi orders implementation of National Dialogue recommendations on pre-trial detention
President Abdel Fattah Al-Sisi has directed the Egyptian government to swiftly implement recommendations on pre-trial detention and criminal justice that emerged from the National Dialogue. In a statement released on…
CIB exits investment in Egypt Otsuka Pharmaceuticals, selling stake to Otsuka Group
Commercial International Bank-Egypt (CIB), Egypt’s leading private-sector bank, has announced the successful completion of its planned exit from Egypt Otsuka Pharmaceuticals (EOP), a leading player in the pharmaceutical industry and…
Naia Developments invests EGP 46bn in Egypt’s real estate market, expands portfolio
Naia Developments has announced a significant increase in its investments in Egypt, reaching EGP 46bn as part of its ambitious expansion plans. The company is also expanding its land portfolio,…
Egypt’s “Mashroa’ak” programme creates over 1.442 million jobs, aids 212,800 projects
Egypt's Minister of Local Development, Manal Awad, has highlighted the significant progress of the "Mashroa’ak" (Your Project) National Programme for Community, Human, and Local Development, which has facilitated the implementation…
Egypt’s Al-Mashat discusses climate finance strategies, COP29 preparations with EU delegation
Egypt's Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, met with the Head of the European Union (EU) Delegation to Egypt, Christian Berger, to discuss joint priorities and…
FABMISR profits surge 139% to EGP 15.8bn in H1 2024
First Abu Dhabi Bank Misr (FABMISR) has announced strong financial results for the first half of 2024 (H1 2024), with net profit reaching EGP 15.8bn, representing a significant 139% increase…
Egypt’s Supply Minister directs formation of central operations room to monitor commodity availability
Egypt's Minister of Supply and Internal Trade, Sherif Farouk, has directed the formation of a central operations room at the Food Industries Holding Company to monitor the availability of essential…
Egypt’s Military Production Ministry monitors progress of 1st waste-to-energy plant
Egypt's Minister of State for Military Production, Mohamed Salah El-Din, has met with representatives of "Renergy Group Partners" to discuss the progress of a groundbreaking waste-to-energy project. The Wednesday meeting,…
Egypt’s Transport, Industry Minister discusses with Japanese ambassador enhanced cooperation
Kamel El-Wazir, Egypt's Deputy Prime Minister for Industrial Development and Minister of Industry and Transport met with Japanese Ambassador to Cairo Oka Hiroshi to discuss expanding bilateral cooperation in the…
Egypt’s Tourism, Housing, Investment Ministers vow support for investors, address challenges in sector
Egypt's tourism, housing, and investment ministers have pledged their full support to investors in the sector, vowing to address challenges and streamline processes to boost tourism development. The ministers –…
