Egypt’s PM highlights focus on export growth, unveils localisation incentives
Egypt's Prime Minister Mostafa Madbouly has stressed the importance of the Export Reimbursement Programme in driving Egypt's economic growth, highlighting plans to offer unprecedented incentives for localising industries and streamlining…
Israeli occupation intensifies raids on Gaza
The Israeli occupation air force committed a massacre that claimed the lives of 73 Palestinians in Beit Lahia and launched a series of violent raids on northern Gaza, as the…
CBE issues guidelines for tourism support initiative
The Central Bank of Egypt (CBE) has issued the guidelines for the tourism support initiative, previously announced by the Egyptian government, to allocate EGP 50bn, funded by the Ministry of…
Egypt launches 2nd Global Conference on Population, Health, and Human Development
Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, launched the second Global Conference on Population, Health, and Human Development (PHDC24) on Sunday, under the patronage…
Al-Sisi orders review of Egypt’s IMF programme
Egypt’s President Abdel Fattah Al-Sisi has urged the government to reassess the country’s programme with the International Monetary Fund (IMF) in response to current regional and global developments. Speaking at…
Egypt, World Bank collaborate on Greater Cairo Air Pollution Management and Climate Change Project
Egypt's Minister of Environment, Yasmine Fouad, inaugurated the opening session of a World Bank technical mission visit to review the progress of the Greater Cairo Air Pollution Management and Climate…
Raya Foods secures $40m investment from Helios to boost expansion
Raya Holding for Financial Investments has announced securing an investment of approximately $40m from Helios Investment Partners, Africa's largest investment fund which manages around $3.5bn in assets, into Raya Foods.…
Al Tadamun Microfinance, CIB sign credit facility agreement worth EGP 150m
Al Tadamun Microfinance Foundation, a leader in financing micro-enterprises for women, announced that it had signed an agreement with the Commercial International Bank – Egypt (CIB) to renew a credit…
Egypt to reoffer lands of non-serious investors: Al-Wazir
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with Fayoum Governor Ahmed El-Ansary and senior officials to address challenges faced by investors in…
Egyptian government plans to borrow EGP 1.293trn from domestic market
The Egyptian government plans to borrow EGP 1.293trn from the domestic market during November and December 2024, according to figures obtained by Daily News Egypt. The government intends to use…
