Business

Petroleum Ministry saves $3.6 bn in fuel import costs in FY 2024-2025

Petroleum Ministry saves $3.6 bn in fuel import costs in FY 2024-2025

Minister of Petroleum and Mineral Resources Karim Badawi announced that recent government measures, topped by offering investment incentives to partners…
PM reports economic gains, foreign reserve growth

PM reports economic gains, foreign reserve growth

CAIRO, Aug 13 (MENA) – Prime Minister Mostafa Madbouly said that the economy is showing strong performance, with foreign reserves…
Cabinet spox: pound’s rise shows strength of economy

Cabinet spox: pound’s rise shows strength of economy

Cabinet spokesperson Mohamed al-Homsani said that the stability of the exchange rate and the rise of the Egyptian pound against…
PM witnesses signing of contract to establish Chinese “Sailun” tire factory in SC Zone

PM witnesses signing of contract to establish Chinese “Sailun” tire factory in SC Zone

Prime Minister Mostafa Madbouly witnessed on Wednesday morning August 13,2025 the signing ceremony of a contract to establish a new…
The world’s largest sovereign wealth fund withdraws its investments from Israel

The world’s largest sovereign wealth fund withdraws its investments from Israel

Norway’s sovereign wealth fund, the world’s largest with total assets exceeding US$ 1.6 trillion, announced the divestment of several Israeli…
Standard Chartered: Egypt to receive US$6 Billion from Qatar and Kuwait before end of 2025

Standard Chartered: Egypt to receive US$6 Billion from Qatar and Kuwait before end of 2025

The Standard Chartered Bank said that the Egyptian economy will remain strong, with macroeconomic stability despite rapid global shifts –…
PM: Gov’t keen on following up on GTEZ development efforts

PM: Gov’t keen on following up on GTEZ development efforts

Prime Minister Mostafa Madbouly on Monday, August 11th, 2025, affirmed the government’s keenness to follow up on the role of…
US dollar rises globally, other currencies fluctuate

US dollar rises globally, other currencies fluctuate

The US dollar is now higher but is heading for a week decline after weakening economic data prompted traders to…
PM chairs economic ministerial group meeting

PM chairs economic ministerial group meeting

Prime Minister Mostafa Madbouly chaired a meeting of the economic ministerial group on Thursday to review economic performance, inflation, and…
Govt. paying great attention to developing national industry

Govt. paying great attention to developing national industry

Prime Minister Mostafa Madbouly said the government is paying great attention to developing the national industry, which is a pillar…
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