Business Egypt

Egypt to launch national industrial strategy on October 25

Egypt is set to launch on October 25 its national industrial strategy in cooperation with an international company, reports say. Ahmed Samir, the North African country’s Minister of Trade and Industry told “Asharq Business” that the strategy includes all industrial hubs, linking the Egyptian industry with industrial sector variables around the world. In line with […]

Business Egypt

Egypt to organize National Investment Forum in H1 2024

Egypt will in the first half of 2024 stage the country’s National Investment Forum with aim to promote the advantages and incentives of investment in Egypt, key investment opportunities in sectors and economic activities, the office of Prime Minister Mustafa Madbouly announced Monday 11 September. Madbouly according to the office chaired a meeting Sunday September […]

Egypt Headlines

Arab League endorses Egypt’s former tourism minister Khaled El-Enany as Arab candidate for UNESCO Chief position

The Arab League Council of Foreign Ministers endorsed on Thursday September 7 Egypt’s former tourism and antiquities minister Khaled Enany as the Pan-Arab candidate for the post of Director-general of the UN Educational, Scientific, and Cultural Organization (UNESCO), Ahram Online reports. The election is set for the last quarter of 2025. The winner will head […]

Asia Egypt Emerging Markets Headlines International Morocco

Arab-Japanese Ministerial Dialogue Hails Moroccan King’s Presidency of Al-Quds Committee

The Arab-Japanese Ministerial Dialogue, whose 3rd session wrapped up Tuesday in Cairo, hailed the presidency of King Mohammed VI of Al- Quds Committee. The joint declaration issued at the end of this ministerial meeting underlines the need to achieve a just, lasting and comprehensive peace in the Middle East, which would resolve all permanent status […]

Business Egypt Emerging Markets Headlines

Samsung gets golden license to set mobile phone factory in Egypt

Egypt Wednesday August 30 accorded South Korean tech giant Samsung a golden license to set up a mobile phone plant to produce, after the North African provided the firm another permit to manufacture tablets for educational use. The future factory, 6,000 square meters, is expected to generate 768 direct and indirect jobs and located in […]

Egypt Energy Features Headlines

BP mulls plans to invest $3.5bn in Egypt over next three years

British Petroleum (BP), an oil and gas global giant, announced Monday August 28 plans to inject $3.5 billion in Egypt for the next three years. BP’s chief executive Bernard Looney made the announcement after meeting with President Abdelfattah al-Sisi. The investments will go towards research, exploration and development, the office of the Egyptian leader announced. […]

Egypt Headlines

Egypt: Alliance of 40 political parties endorse Al-Sisi for another term in office

A grouping of 40 political parties, known as The Egyptian Parties Alliance, has called on President Abdelfattah al-Sisi to seek another term in office, ahead of 2024 presidential elections. “This endorsement aims to fulfil the aspirations and ambitions of the Egyptian people and to continue the path of development and progress,” the alliance said in […]

Community Egypt Headlines

Egypt: Judge drops charges against 75 NGOs, unfreezes their assets

An Egyptian judge investigating state’s legal action against 85 organizations for getting foreign funds to finance 2011 revolution dropped Tuesday August 22 charges against 75 nonprofit organizations, lifted travel ban imposed on them and unfroze their assets, the justice ministry has indicated. Investigations have concluded for 75 organizations, with orders of non-prosecution (dismissal orders) issued […]

Americas Egypt Energy International

Texas-based Apache Corporation contemplates investing $1.4 billion in Egypt in 2024

Texas-based Apache Corporation will inject additional $1.4 billion into the Egyptian oil sector, the company’s CEO John Christman told Egyptian Prime Minister Mustafa Madbouly on Sunday August 20. Apache Corporation is the USA’s largest investor in the North African country oil sector. The company according to Egyptian authorities, is poised to pump more investments and […]

Asia Egypt International

Singapore’s Changi Airports International signs deals to improve Cairo International Airport

Singapore’s Changi Airports International inked Thursday August 17 in Singapore two deals with Cairo Airport Company to jointly develop Cairo International Airport, “Ahram Online” reports, citing the North African country’s Civil Aviation Ministry. The first deal, a consultancy agreement, is passenger-focused and seeks to implement impactful solutions to improve the passenger experience at Cairo International […]