Egypt launches TSFE sub-fund for financial services, digital transformation
El-Said asserted that the TSFE’s philosophy depends on the state’s plan to achieve comprehensive and sustainable development under the Egypt Vision 2030.
Mohamed Abdel Meguid
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Latest by Mohamed Abdel Meguid
Al-Sisi calls for development of Egypt’s countryside with holistic approach
President follows up on progress of Egyptian countryside development, which targets 1,000 villages nationwide, within “Decent Life” initiative
Egypt keen to enhance regional, international cooperation for industrial integration: Trade Minister
Gamea participates in virtual Global Manufacturing and Industrialisation Summit, which is being held for third time
Finance Ministry signs 35 agreements to settle export subsidy arrears: Maait
First tranche of subsidy arrears worth EGP 400m to be paid to export companies next month
Cabinet approves draft law establishing entity to manage ‘recovered or seized funds’
During the cabinet’s weekly meeting, Prime Minister Mostafa Madbouly said the new entity would be headquartered in Cairo, with possible offices in other governorates.
Ain Sokhna Port to open 2nd basin within few months: SCZone Chair
During the meeting, the two sides reviewed projects related to the Ain Sokhna Port’s development of its economic zone and other projects, in light of the joint cooperation between the two sides.
Egypt’s credit rating reflects resilience to financing shocks supported by liquidity buffers: Moody’s
Track record of effective fiscal, economic and debt management also reflects positively on Egypt’s credit profile says Moody’s
Hermes tops August brokerage transactions with EGP 5bn, 15% market share
Major change in August ranking was Mubasher International’s entry to top 10 list, at expense of Naeem Research which came in 11th place
Transport Minister clarifies selecting Bashtil for Upper Egypt Railway Station
Up to 1.5 million commuters are expected to be transported per day via railways, says Kamel El-Wazir
Al-Sisi urges more cooperation with Italy’s Eni in oil sector
Egypt is important partner for Italian company’s international activity, says Eni CEO Claudio Descalzi
Government warns against COVID-19 complacency, discusses 2nd wave scenarios
Egypt will, in September, sign deal with China to produce coronavirus vaccine
Egypt Parliament initially approves draft law on waste management
New legislation to identify responsibilities of waste management stakeholders
Financial institutions support 13 agricultural projects worth $545.42m in Egypt
Projects have reached over 1.5 million beneficiaries across 27 governorates, whilst providing 15,000 job opportunities
Al-Sisi inaugurates 4th phase of Cairo Metro Line 3
‘We seek to provide outstanding service to citizens through developing country’s road systems,’ says Egyptian president
USAID grants Egypt 250 specialised ICU ventilators to fight COVID – 19
The specialised medical equipment will be sent to intensive care units (ICU) at hospitals to support the country’s response to the novel coronavirus (COVID–19) pandemic. The donation recognises the strong strategic partnership between the US and Egypt, and the international cooperation efforts that are being carried out to support the global response to the pandemic.
Egypt Post’s Logistics Centre reopens following 4-month closure
The closure was undertaken as part of the precautionary measures put in place by the National Post Authority at its facilities and offices due to the novel coronavirus (COVID-19) pandemic.
Egypt’s government investments stand at EGP 280.7bn in FY 2020/21 budget
The new investments aim to move the economy onto sustainable growth, and to provide new job opportunities, especially in light of the global economy slowdown as a result of the novel coronavirus pandemic.
Egyptian National Railways records debts of EGP 111bn: Transport Minister
In a Wednesday press conference, Transport Minister asserted that increasing the prices of railway tickets will gradually reduce the size of this debt.
Egypt finalises 12 gas exploration agreements: Petroleum Minister
Country’s arrears to foreign oil companies down to $850m in June, despite COVID-19, says El-Molla
Egypt sees 36.2% decrease in May trade deficit: CAPMAS
The report, issued on Wednesday, noted that the country’s trade deficit stood at $2.59bn during May 2020, down the $4.05bn in May 2019
Housing Ministry launches campaign to remove building violations in Fifth Settlement
The Minister issued strict instructions to heads of neighbourhoods to launch similar sudden campaigns periodically to prevent building violations within the city and to remove them, if any, immediately.
Government launches SMEs digital transformation initiative
The event was attended by Minister of Public Enterprises Sector Hisham Tawfik, Minister of Trade and Industry Nevine Gamea, FEDCOC Head Ibrahim El-Arabi, and Chairperson and CEO of Benya Capital Ahmed Mekki.
Madbouly follows up on ‘A Decent Life’ initiative progress in Aswan
Investments worth EGP 82m directed to development projects in 11 villages, benefiting over 38,000 citizens
Egypt’s economic reforms offset COVID-19 impact: Al-Sisi
Egyptian President inaugurated on Sunday several national projects