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Egypt, IFC join forces to upgrade 11 airports via PPPs

The International Finance Corporation (IFC) penned an agreement with Egypt’s Ministry of Civil Aviation to advise on introducing public-private partnerships (PPP) in 11 airports across Egypt to improve infrastructure, connectivity, and passenger services.

Updated 3/25/2025 8:14:00 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
Madbouly denies Banque du Caire sale rumors

Prime Minister Mostafa Madbouly denied reports claiming the sale of Banque du Caire at a value of $1 billion.

Updated 3/20/2025 8:39:00 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
bp signs deal to restart operations of Egyptian Anode Blocks 

British Petroleum Energia Espana penned an agreement to resume the operations of the Egyptian Anode Blocks Company in the Ain Sokhna Free Zone

Updated 1/27/2025 10:04:00 AM
Egypt tops EBRD operations in Southern, Eastern Mediterranean region for 2024: Madbouly

Prime Minister Mostafa Madbouly said Egypt has maintained its position for the seventh year in a row as the largest country of operations for the European Bank for Reconstruction and Development (EBRD) in the Southern and Eastern Mediterranean region in 2024.

Updated 1/23/2025 10:16:00 AM
Madbouly, Goldman Sachs Global Institute’s co-head review Egypt’s economic reform program

Prime Minister Mostafa Madbouly discussed Egypt’s economic reform file with Jared Cohen, Co-Head of Goldman Sachs Global Institute.

Updated 1/23/2025 8:07:00 AM
Drilling works at Zohr field to resume within days: Eni’s CEO

Drilling operations at the Zohr natural gas field will be resumed on January 28th or 29th, 2025, Claudio Descalzi, CEO of Italian company Eni, told Prime Minister Mostafa Madbouly.

Updated 1/23/2025 2:21:00 AM
Madbouly orders forming 6 advisory committees to enhance government-private sector dialogue

Prime Minister Mostafa Madbouly has declared a decision to form six specialized advisory committees to enhance communication channels between the government and the private sector.

Updated 1/23/2025 1:19:00 AM
Egypt, Switzerland ink Joint Economic Committee at Davos Forum

Egypt and Switzerland penned an agreement to establish the Joint Economic Committee to enhance trade exchanges and facilitate investments from both countries.

Updated 1/22/2025 8:53:00 AM
Cabinet grants 2 golden licenses for Lesaffre, Huhtamaki

The Cabinet granted two golden licenses to two projects in Egypt.

Updated 1/19/2025 11:39:00 AM
China National Tire’s Prometoen Tyre to set up 2 new projects in Egypt

Prometoen Tyre Group Egypt, fully owned by China National Tire & Rubber Company Limited, is seeking to establish two new projects in Egypt.

Updated 1/14/2025 10:12:00 AM
Madbouly reviews unified subsidy card system 

Prime Minister Mostafa Madbouly has reviewed the unified subsidy card system aimed at supporting the objectives of financial inclusion.

Updated 1/13/2025 9:54:00 AM
Egypt saves $1.5B in petroleum import bill for energy sector: Madbouly

Egypt's Ministry of Petroleum and Mineral Resources has saved $1.5 billion in its petroleum import bill, Prime Minister Mostafa Madbouly said in a press conference..

Updated 1/9/2025 8:33:00 AM
Madbouly reviews IPO plans for Safi, Wataniya

Prime Minister Mostafa Madbouly followed up on the procedures for the offerings of the National Co for Producing and Bottling Natural Water (Safi) and Wataniya.

Updated 1/6/2025 2:45:00 AM
Egypt’s Cabinet outlines EGP 30B initiative to foster industrial sector

Prime Minister Mostafa Madbouly unveiled a new initiative worth EGP 30 billion to support Egypt’s industrial sector over the next five years.

Updated 1/2/2025 11:46:00 AM
Madbouly inaugurates Abydos 1 Solar Power Plant in Kom Ombo

Prime Minister Mostafa Madbouly officially inaugurated the Abydos 1 Solar Power Plant in Kom Ombo.

Updated 12/15/2024 12:00:00 PM
IMF’s Georgieva visits Egypt next week

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva will visit Egypt next week, Prime Minister Mostafa Madbouly confirmed in a press conference.

Updated 10/31/2024 8:27:00 AM
Cabinet ratifies funding mechanism for Nile Basin development projects

The cabinet has approved a proposal to develop a mechanism to fund studies and implement developmental and infrastructure projects in the Nile Basin countries.

Updated 10/17/2024 8:25:00 AM
Government to offer airports, banks under IPO program soon: Madbouly

The government is working on the state’s initial public offering (IPO) program and will make important announcements soon regarding the offering of several airports and banks.

Updated 10/15/2024 8:32:00 AM