Tags Result

FRA mandates real-time data registration for insurance companies

The board of directors of the Financial Regulatory Authority (FRA) issued Decree No. 58 of 2025 regarding obligating insurance companies to register their real-time data on the electronic platform linking them with the authority.

Updated 3/27/2025 10:07:00 AM
Labor Minister greenlights Ramadan, Eid El-Fitr grants for irregular workers

Minister of Labor Mohamed Gobran approved the disbursement of Ramadan and Eid El-Fitr grants for 2025 to irregular workers registered at the ministry's database through contractors and companies.

Updated 3/27/2025 9:46:00 AM
Egypt, Saudi Arabia pen agreement for fertilizer plant in Nubaria

Egypt’s Agricultural Research Centre (ARC) signed a deal with Saudi Green Company for Agricultural Development to produce agricultural fertilizer and soil conditioners in the Nubaria region.

Updated 3/27/2025 9:33:00 AM
Egypt’s Cabinet approves FY2025/26 draft budget with EGP 3.1T in revenues

The Egyptian Cabinet at its latest meeting, chaired by Prime Minister Mostafa Madbouly, approved the draft budget for fiscal year (FY) 2025/2026, with revenues estimated at EGP 3.1 trillion, marking an annual growth rate of 19%.

Updated 3/27/2025 9:25:00 AM
Abdelatty, El-Khatib discuss cooperation to boost national economy

Badr Abdelatty and Hassan El-Khatib discussed coordination between the two ministries to attract investments and support the national economy

Updated 3/26/2025 12:01:00 PM
Egypt, Azerbaijan mull fostering economic cooperation

Egypt and Azerbaijan have discussed ways to boost bilateral economic relations and enhance joint investment and development cooperation

Updated 3/26/2025 10:01:00 AM
Xinfeng to establish $1.65B industrial complex in SCZone

Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZone), inked a deal with XinFeng Egypt to establish an integrated manufacturing complex in Sokhna.

Updated 3/26/2025 8:24:00 AM
Labor Minister declares Eid El-Fitr holiday for private sector

Minister of Labor Mohamed Gabr announced Eid El-Fitr holiday for the private sector

Updated 3/26/2025 6:48:00 AM
InstaPay to charge fees on transactions starting April

The InstaPay app is set to apply transfer fees as of April 1st, the Instant Payment Network (IPN) announced.

Updated 3/26/2025 6:32:00 AM
GAFI, N Gage Consulting sign MoU to promote investment cooperation

GAFI penned a memorandum of understanding (MoU) with N Gage Consulting to reinforce cooperation in the field of investment

Updated 3/26/2025 1:49:00 AM
Bridging Border: Egypt and India Reshaping Economic Future

Egypt and India have cultivated robust economic ties for many years, yet significant opportunities remain to be explored. Forming new partnerships marks a strategic milestone in their evolving relationship, characterized by remarkable growth in trade and investment.

Updated 3/24/2025 12:12:00 PM
Egypt’s oil, natural gas output decline 20% YoY in January

Egypt’s oil and gas output declined in January 2025, the Middle East Economic Survey (Mees) data showed.

Updated 3/24/2025 8:58:00 AM
SCZONE beta launches EBRD-backed one-stop-shop digital services for investors

The General Authority for the Suez Canal Economic Zone (SCZONE) has announced the beta launch of its digital services to enhance the investors’ business.

Updated 3/24/2025 7:59:00 AM
Madbouly announces Eid El-Fitr holiday

Prime Minister Mostafa Madbouly declared the period from Saturday to Tuesday an official holiday in celebration of Eid El-Fitr,

Updated 3/24/2025 7:08:00 AM
Siemens Healthineers to launch 1st radiology equipment development center in Egypt

The Ministry of Health signed a memorandum of understanding (MoU) with Siemens Healthineers to launch the first radiology equipment development center in Egypt and the Middle East.

Updated 3/23/2025 8:29:00 AM
Egypt, India mull bolstering economic, trade cooperation

Minister of Investment and Foreign Trade Hassan El-Khatib has met with Indian External Affairs Minister Subrahmanyam Jaishankar to mull ways to bolster economic and trade ties between Egypt and India.

Updated 3/19/2025 11:30:00 AM
Egypt, India seek to increase trade exchange to $12B in 5 years

Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib and Indian Minister of Industry and Supply Piyush Goyal agreed to boost trade exchange between Egypt and India to $12 billion over the next five years.

Updated 3/19/2025 7:33:00 AM
Egypt sets July 3rd for Grand Egyptian Museum opening ceremony

Prime Minister Mostafa Madbouly announced that the opening ceremony of the Grand Egyptian Museum is set to take place on July 3rd

Updated 3/18/2025 11:57:00 AM
SUMED unveils $400M capital hike

The Arab Petroleum Pipelines Company (SUMED) increased its paid-in capital by $400 million to reach $600 million

Updated 3/18/2025 11:16:00 AM
India’s TCI Sanmar to expand investments in Egypt by $300M

India-based chemicals manufacturer TCI Sanmar is intending to invest an additional $300 million in Egypt over the coming period, bringing its total investments in the country to nearly $2 billion.

Updated 3/18/2025 8:16:00 AM