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Business
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Economy
1/13/2024 7:28:38 PM
The Egyptian government is preparing to introduce a social protection package that encompasses various improvements, including wage and pension adjustments and an increase in the tax exemption threshold, said Minister of Finance Mohamed Maait, according to a Cabinet statement on Saturday.
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Business
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Economy
1/13/2024 5:11:43 PM
Egypt's Nasser Social Bank (NSB) has launched new certificates of deposit (CDs) that offer an annual yield of up to 20 percent, with a three-year maturity period, according to a Cabinet statement on Saturday.
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World
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International
1/11/2024 10:10:37 PM
The new government of French Prime Minister Gabriel Attal was announced Thursday with only one major change at the foreign ministry, while most high-profile Cabinet members remained unchanged.
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Egypt
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Foreign Affairs
1/10/2024 11:00:15 PM
Egypt’s Prime Minister Mostafa Madbouly discussed the impact of Houthi attacks on shipping in the Red Sea on the Suez Canal with Maersk Group officials, including CEO Vincent Clerc, during a video-conference on Wednesday, the Egyptian Cabinet announced.
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Business
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Economy
1/10/2024 3:41:25 PM
The Egyptian government plans to develop an AI-based system to predict crises in the local marjet, especially hikes in the prices of commodities and staples, Osama El-Gohary, assistant Prime Minister and head of the Cabinet’s Information and Decision Support Centre (IDSC), said on Wednesday.
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Business
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Energy
1/10/2024 2:03:53 PM
A consortium led by the Saudi-listed water desalination company ACWA Power signed on Wednesday a usufruct agreement to invest $1.5 billion in a 1.1 MW wind project in Egypt, according to a statement by the Egyptian cabinet.
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Al-Ahram Weekly
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World
1/9/2024 9:45:02 PM
The cracks are surfacing in the Israeli war cabinet formed after the Hamas attack on 7 October. Disputes between Prime Minister Benjamin Netanyahu, former defence minister Benny Gantz and current Defence Minister Yoav Gallant have raised questions about the stability of this government.
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Al-Ahram Weekly
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Egypt
1/9/2024 9:37:12 PM
The government started off the year by announcing a new strategy and a set of subsidy reductions, reports Niveen Wahish
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Business
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Economy
1/9/2024 4:59:44 PM
The Egyptian General Authority for Investment and Free Zones (GAFI) signed a contract with Maxim Investment Group (MIG) to establish the country's first medical and health resort, with $1.5 billion in investment, according to a Cabinet statement on Tuesday.
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Business
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Economy
1/8/2024 7:31:33 PM
Egypt is set to establish a company focused on managing real estate export and leasing activities. The company is planned to generate between $2 and $3 billion in revenues, read a report by the cabinet's Information and Decision Support Centre.
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Business
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Economy
1/7/2024 4:14:23 PM
Egypt is set to adopt a flexible exchange rate policy to adjust the pound’s value against the US dollar to meet a 39.61 rate planned by 2028, according to a document released by the Egyptian Cabinet's Information and Decision Support Center (IDSC).
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Business
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Markets & Companies
1/6/2024 4:49:07 PM
Egypt Ventures, the first government venture capital company, has invested over EGP 383.5 million in 205 startups over seven years since its inception, according to a Cabinet statement on Saturday.
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Business
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Economy
1/4/2024 8:19:22 PM
A mission from the International Monetary Fund (IMF) would probably visit Cairo in January to finalize a new time frame for the loan agreement with Egypt, said Cabinet Spokesperson Mohamed El-Hommosani during a phone call with Ala Mas’ouliati TV show on Wednesday.
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Business
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Economy
1/3/2024 7:12:27 PM
The Egyptian Cabinet approved the sale of specific tracts of land to foreign companies in US dollars, according to a statement on Wednesday, the latest in a series of steps meant to attract hard currency by selling property to foreigners and expats.
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Business
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Energy
1/2/2024 2:32:59 PM
The Egyptian Cabinet's Information and Decision Support Center (IDSC) Tuesday said Egypt ranked 22nd among 63 countries in the Climate Change Performance Index (CCPI) 2024, recording 61.8 points.
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World
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Africa
1/2/2024 10:37:42 AM
Somalia will hold an emergency cabinet meeting on Tuesday, state media said, after the breakaway region of Somaliland struck a controversial deal with Ethiopia giving Addis Ababa access to the Red Sea.
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Business
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Economy
12/28/2023 3:19:58 PM
The Suez Canal Economic Zone (SCZone) signed an agreement with Henneway, a Chinese travel bags manufacturer, to build a factory with up to $50 million in investments in the West Qantara Industrial Zone (WQIZ), according to a cabinet statement on Thursday.
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Egypt
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Health
12/28/2023 10:12:47 AM
Egyptian hospitals have accommodated over 20,000 wounded Palestinians from Gaza to date, Minister of Health and Population Khaled Abdel-Ghaffar told the Egyptian cabinet on Wednesday.
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Business
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Economy
12/27/2023 6:29:23 PM
Egyptian Prime Minister Mostafa Madbouly issued a decree amending the Minister of Investment Decree No. 113 of 2018 regulating private equity firms, according to a Cabinet statement on Wednesday.
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Business
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Economy
12/27/2023 4:13:18 PM
The Egyptian government has signed a memorandum of understanding (MOU) with the China Electric Power Equipment and Technology Company to develop a 10-gigawatt solar energy project, according to a Cabinet statement on Wednesday.
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