Investment Minister reviews progress on Chinese linen factory project in Egypt
Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, held a comprehensive meeting with executives from Kingdom Holding, one of China’s leading linen manufacturers. The meeting, attended by Ren Weiming,…
90% of Egypt’s Great Transfiguration in Saint Catherine completed
Prime Minister Mostafa Madbouly chaired a meeting on Sunday to review the progress of the Great Transfiguration project in Saint Catherine, South Sinai, with the participation of several ministries and…
New mechanism introduced to oversee implementation of tax facilitation measures
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), convened a meeting with sector heads, regional directors, tax center managers, and advisors at the authority's training center to discuss…
70 Palestinian children killed in Gaza in just 5 days amid ongoing Israeli aggression
The Civil Defence Authority in Gaza reported on Sunday that repeated Israeli shelling over the past five days has resulted in the deaths of 70 Palestinian children. In addition to…
Egypt’s external debt decreases by $11.8bn in FY24: CBE
The Central Bank of Egypt (CBE) has reported a significant decrease in the country’s external debt, which fell by $11.8bn during the fiscal year (FY) 2023/2024. As of June 2024,…
Egypt to begin gas production from two new wells in February 2025
The Ministry of Petroleum and Mineral Resources has announced the successful completion of drilling operations for two new wells at the Raven gas field in the Mediterranean Sea by BP.…
Upper Egypt receives 68% of Decent Life’s first-phase allocations: Al-Mashat
Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat recently met with Amal Ammar, Head of the National Council for Women (NCW), to discuss their joint efforts in advancing…
African groups condemn Macron’s remarks on French military role
A coalition of progressive and national forces in Africa has issued a joint statement strongly condemning recent remarks by French President Emmanuel Macron, in which he asserted that the French…
Riyadh Summit discusses Syria’s future, Egypt stresses unity, counter-terrorism efforts
In a significant meeting held in Riyadh on Sunday, regional officials gathered to discuss Syria’s future, focusing on stability and the post-Bashar al-Assad era. The meeting, which brought together foreign…
IMS, Winvestor, and El Nasr Housing unveil Capella Residence in Maadi with EGP 1.1bn investment
IMS Developments and Winvestor Development, in collaboration with El Nasr Housing and Development—a subsidiary of the Holding Company for Construction and Development, under Egypt’s Ministry of Public Business Sector—have announced…
