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Egypt pays EGP 6.2B to settle pharmaceutical sector dues

The Ministry of Finance provided EGP 2.5 billion to the Egyptian Authority for Unified Procurement (UPA) as part of settling various obligations owed to drug and medical supplies companies, Prime Minister Mostafa Madbouly noted.

Updated 1/27/2026 8:10:00 AM
Egypt pays off $5B in dues to foreign oil companies: Madbouly

The Egyptian government has paid off $5 billion in dues to foreign oil companies, Prime Minister Mostafa Madbouly stated.

Updated 1/22/2026 7:15:00 AM
Madbouly chairs 1st Supreme Gold Committee meeting

Prime Minister Mostafa Madbouly has chaired the first meeting of the Supreme Gold Committee, reviewing its efforts to maximize added value and transform Egypt from an ore exporter into an industrial hub.

Updated 1/19/2026 9:19:00 AM
Madbouly declares January 29th holiday to mark January 25th Revolution, Police Day

Prime Minister Mostafa Madbouly announced that Thursday, January 29th, will be a paid holiday to celebrate the January 25th Revolution and National Police Day.

Updated 1/18/2026 3:02:00 PM
TSFE reports 90% asset growth in 2025: El-Khatib

The Sovereign Fund of Egypt (TSFE) recorded actual growth of more than 90% in its asset portfolio between 2023 and 2025, said Minister of Investment and Foreign Trade Hassan El-Khatib.

Updated 1/18/2026 7:19:00 AM
Rixos signs 1st deal in Egyptian market to renovate World Trade Center Cairo

Prime Minister Mostafa Madbouly witnessed the signing of the ‘Rixos & Rixos Living – World Trade Center Cairo’ project, marking the entry of the Rixos brand into the Egyptian market.

Updated 1/18/2026 7:00:00 AM
Madbouly inspects $17.5M aluminum wire line at Egyptalum

Prime Minister Mostafa Madbouly inspected the new high-quality aluminum wire production line at Egypt Aluminum Company (Egyptalum), with a capacity of 60,000 tons annually.

Updated 1/13/2026 8:47:00 AM
Madbouly opens $24M expansion of Kadmar logistics center in Ain Sokhna

Prime Minister Mostafa Madbouly opened the new expansions of Kadmar International logistics center in Ain Sokhna Industrial Zone, with total investments of $24 million.

Updated 1/12/2026 9:14:00 AM
Madbouly inspects 5 healthcare projects with EGP 25B investments

Prime Minister Moustafa Madbouly inspected five healthcare facilities in Cairo and Giza governorates, with a total investment cost surpassing EGP 25 billion

Updated 1/10/2026 11:28:00 PM
Prime Minister appoints Mohamed El Gawsaky as GAFI CEO

Prime Minister Mostafa Madbouly has appointed Mohamed El Gawsaky as the CEO of the General Authority for Investment and Free Zones (GAFI) for a one-year term.

Updated 1/5/2026 7:31:00 AM
Madbouly declares January 7th public holiday for Coptic Christmas

Prime Minister Mostafa Madbouly declared Wednesday, January 7th, as an official holiday on the occasion of Coptic Christmas.

Updated 1/5/2026 7:25:00 AM
IMF mission to visit Cairo on December 1st: Madbouly

The International Monetary Fund (IMF) mission is scheduled to visit Egypt from December 1st to 12th, Prime Minister Mostafa Madbouly announced during the Cabinet‘s weekly meeting.

Updated 11/23/2025 7:32:00 AM
Ahmed Abdel Aziz named FRA’s deputy chairman

Prime Minister Moustafa Madbouly has issued a decision appointing Ahmed Abdel Aziz as the deputy chairman of the board of the Financial Regulatory Authority (FRA).

Updated 11/17/2025 7:40:00 AM
Egypt, World Bank eye deeper cooperation on infrastructure, energy

Prime Minister Mostafa Madbouly received a delegation from the World Bank Group to discuss strengthening cooperation in the infrastructure programs implemented by the international bank in Egypt.

Updated 11/12/2025 8:45:00 AM
Madbouly inspects locally-manufactured transports at TransMEA Smart 2025

Prime Minister Mostafa Madbouly inspected the first locally manufactured amphibious bus, which will boost the tourism sector

Updated 11/9/2025 1:32:00 AM
Schneider Electric expands factory in Badr City to boost energy sector

Prime Minister Mostafa Madbouly witnessed the expansion of a regional factory of Schneider Electric in Badr City to scale investments in the Egyptian industrial sector

Updated 11/6/2025 12:47:00 PM
Madbouly inaugurates EGP 500M Mansour Filters Manufacturing plant

Prime Minister Mostafa Madbouly inaugurated the Mansour for Filters Manufacturing plant in 10th of Ramadan City, with investments totaling EGP 500 million ($11 million).

Updated 11/6/2025 11:43:00 AM
Cabinet extends fee exemption for air carriers to December 2026

Prime Minister Mostafa Madbouly approved extending the exemption from incentive fees for an additional year until December 2026, for all countries worldwide

Updated 11/6/2025 5:32:00 AM
Egypt establishes silo project to expand wheat storage capacity: Madbouly

Egypt is implementing a national silo project aimed at increasing storage capacity for wheat and grains and maintaining a strategic reserve to secure the country's needs

Updated 11/3/2025 11:12:00 AM
Madbouly declares October 9th as paid holiday for October 6th War anniversary

Prime Minister Mostafa Madbouly announced Thursday, October 9th, as an official paid holiday to celebrate the anniversary of the 6th of October War victory, according to a statement.

Updated 9/30/2025 6:28:00 AM