Saudi Crown Prince pledges $5bn investment in Egypt
Saudi Crown Prince Mohammed bin Salman announced a $5bn investment in Egypt by the Public Investment Fund (PIF) during a meeting with Egyptian Prime Minister Mostafa Madbouly in Riyadh on…
Majid Al Futtaim, Valu partner to offer flexible mall gift cards
Majid Al Futtaim, a leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has partnered with Valu, MENA’s leading financial technology company, to launch…
Egyptian potato ‘secret ingredient’ in Macfrut 2025: Expolink
Cesena Fiera and the Egyptian Exporters Association (Expolink) have announced that Egypt has been selected as the guest of honour for the 42nd edition of the international Macfrut exhibition, in…
Israeli army recruits African asylum seekers to offset Gaza troop losses: Hamas
The Islamic Resistance Movement (Hamas) has accused the Israeli army of recruiting African asylum seekers to fight in the Gaza Strip in exchange for residency rights. Hamas claims this move…
Most Zagazig train accident victims recovered, 8 still under observation: Health Ministry
Egypt’s Ministry of Health and Population announced on Sunday that all but eight victims of the Zagazig train collision were discharged from hospitals after receiving necessary medical care. The health…
Restoration project at Edfu Temple reveals original coloured inscriptions for first time
The joint archaeological mission between the Supreme Council of Antiquities and the University of Würzburg, Germany, has successfully unveiled the original colours of the Edfu Temple and several inscriptions that…
Government aims to maximize state-run irrigation, drainage firms: Sweilem
Hani Sweilem, Minister of Water Resources and Irrigation, held a meeting to review the progress of the performance improvement process at the Holding Company for Irrigation and Drainage and its…
Public Enterprises Minister inspects new factories in El-Mahalla
Mohamed Shimi, Minister of Public Enterprises, conducted a field visit to Misr Spinning and Weaving Company in El-Mahalla, a subsidiary of the Holding Company of Cotton, Spinning, Weaving, and Garments,…
Egypt’s Chemicals, Fertilizers Export Council aims for 20% growth by 2025
Members of Egypt’s Chemicals and Fertilizers Export Council, led by Khaled Abu El-Makarem, will soon meet with the Minister of Investment and Trade to present the council's plan for increasing…
CBE’s net foreign assets record $10.3bn surplus in August
The Central Bank of Egypt's net foreign assets (NFA) achieved a surplus for the fourth consecutive month, reaching $10.3bn, equivalent to EGP 499.269bn, in August 2024. It compared to $10.5bn,…
