Planning Minister outlines 67% private sector investment target and African integration vision at World Bank-IMF meetings
Egypt aims to increase the private sector's share of total national investments to 67% by 2030, up from 57.7% in the 2025/2026 fiscal year and 43.1% in 2023/2024, Minister of…
Egypt’s FM discusses food security, financing and regional cooperation in Bangkok
Egyptian Foreign Minister Badr Abdelatty held a series of meetings and participated in ministerial sessions in Bangkok on Tuesday on the sidelines of the annual meetings of the World Bank…
Egypt’s FM discusses expanding economic, parliamentary ties with Thai officials
Egyptian Foreign Minister Badr Abdelatty held a series of meetings with government and parliamentary officials in Thailand on Monday at the start of a visit to Bangkok aimed at strengthening…
Madbouly witnesses Hyde Park deal to acquire 415 feddans in west Cairo
Hyde Park Developments has signed an agreement to acquire a 415-feddan plot in the eastern expansions area of 6th of October City in west Cairo, formerly known as the Dreamland…
Agriculture minister approves EGP 80.9m in new funding for National Veal Project
The Ministry of Agriculture and Land Reclamation announced that the board of the National Veal Project, chaired by Minister of Agriculture and Land Reclamation Alaa Farouk, had approved new funding…
Government, CBE coordinate fiscal, monetary policies to curb inflation, reduce debt: Minister
Planning and Economic Development Minister Ahmed Rostom said the government, with the direct support of Prime Minister Mostafa Madbouly, was coordinating closely with the Central Bank of Egypt (CBE) to…
FRA requires non-bank financing entities to update activity data monthly
The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has required all non-bank financing companies and entities to submit monthly activity data through its dedicated electronic platform within the first…
Banque Misr extends EGP 10bn financing to Founders Real Estate Marketing
Prime Minister Mostafa Madbouly witnessed the signing on Monday of financing agreements worth EGP 10bn between Banque Misr and Founders Real Estate Marketing, a subsidiary of Hyde Park Developments. The…
Scientists develop nuclear clock that could advance dark matter search
For decades, the world’s most accurate clocks have relied on electrons transitioning between different energy levels within atoms. Now, an international team of researchers has demonstrated a working clock based…
AI models predict Dubai’s record rainfall eight days ahead
Before torrential rains flooded Dubai in April 2024, disrupting transport and causing widespread infrastructure damage, some artificial intelligence (AI) weather models had already detected signals of the exceptional event up…