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Egypt - Foreign Affairs
12/3/2022 10:23:00 AM
Egypt’s Minister of Foreign Affairs Sameh Shoukry affirmed on Friday the importance of funding green economy sectors in order to face the challenges resulting from climate change.

Business - Economy
12/1/2022 12:11:03 PM
The International Finance Corporation (IFC), a financing arm of the World Bank Group, alongside UAE, Japanese, Dutch, and private sector commercial banking partners, announced on Wednesday a $1.1 billion financing package for Egypt, including debt and equity.

Business - Economy
11/30/2022 12:36:44 PM
The Central Bank of Egypt (CBE) has called off its low-interest initiatives for the private sector in the industry, agriculture, and construction fields, said CBE Deputy Governor Gamal Negm on Tuesday.

Business - Markets & Companies
11/29/2022 5:00:46 PM
The private sector plays a significant role in contributing to the empowerment of women in the Egyptian market as well as creating more job opportunities for them, Ahmed El-Fakhrany, the general manager and chief commercial officer at Fine Hygienic Holding (FHH) Egypt, told Ahram Online.

Al-Ahram Weekly - Egypt
11/29/2022 12:00:00 AM
The Central Bank of Egypt has halted its initiatives to lend to the private sector at subsidised rates.

Egypt - Foreign Affairs
11/22/2022 11:52:20 PM
Egypt and Greece signed on Tuesday a Memorandum of Understanding (MoU) on aeronautical and maritime search and rescue and an agreement on the employment of seasonal workers in the agricultural sector, their foreign ministers said.

Business - Economy
11/21/2022 2:42:04 PM
The Central Bank of Egypt (CBE) issued on Monday a circular to banks operating in the Egyptian market announcing they will no longer manage low-interest rate initiatives issued by the bank across several sectors in the country, handing off the responsibility to the Ministry of Finance

COP27 - Sharm El-Sheikh
11/17/2022 10:41:14 PM
UN Climate Change High Level Champion for Egypt and UN Special Envoy on Financing the 2030 Sustainable Development Agenda Mahmoud Mohieldin lauded the launch of the Low Carbon Transport for Urban Sustainability (LOTUS) initiative, which aims to decarbonize the transportation sector.

COP27 - Climate change
11/14/2022 5:23:09 PM
Mahmoud Mohieldin, UN climate change champion for Egypt, urged increasing the participation of the private sector in financing adaptation in Africa as it is currently stands at only three percent.

World - International
11/14/2022 10:19:26 AM
Dozens of world leaders and other dignitaries are traveling to Bali for the G-20 summit, drawing a welcome spotlight on the revival of the tropical island's vital tourism sector.

COP27 - Focus
11/11/2022 3:00:15 PM
Countries representing more than 50 percent of global GDP have agreed to set out sector-specific priority actions to decarbonise power, road transport, steel, hydrogen and agriculture sectors by the 28th UN Climate Change Conference (COP28), which is set to be held in the United Arab Emirates in November of next year.

Life & Style - Health
11/10/2022 4:44:56 PM
On the sidelines of the COP27, Egypt's Ministry of Health and Population and private sector pharmaceutical company AstraZeneca signed a memorandum of understanding to enhance healthcare as part of the presidential Egyptian Women's Health Initiative.

Egypt - Urban & Transport
11/8/2022 6:07:16 PM
Egypt signed on Tuesday a contract with a consortium of German railway company Deutsche Bahn (DB) and the Egyptian private-sector company El-Sewedi Electric to manage and operate the first line of the country's first high-speed electric train network.

Business - Economy
11/8/2022 2:59:21 PM
The World Bank Group (WBG) announced Tuesday a new multi-partner fund that will pool funding from the global community – including donor countries, the private sector and foundations – for scalable pathways to reducing greenhouse gas emissions.

Business - Economy
11/3/2022 6:56:39 PM
Egypt Purchasing Managers’ Index (PMI) for non-oil private sector slightly rose to 47.7 in October, up from 47.6 in September, according to a report by Standard and Poor’s (S&P) Global that was released on Thursday.

Business - Markets & Companies
11/2/2022 1:04:10 PM
Egypt has witnessed a boom in its healthcare sector over the past few years with the establishment of robust and effective entities, such as the Egyptian Drug Authority and the Unified Purchasing Authority, besides the implementation of the Universal Healthcare System, which all come in line with Egypt's Vision 2030, said Michael Wanis, country head of Bayer, a German multinational pharmaceutical and biotechnology company.

Egypt - Politics
11/1/2022 6:09:28 PM
Members of parliament gave their final approval Tuesday to an amendment to the 2016 Civil Status Law disbursing an EGP 300 bonus in November to public sector employees and pensioners.

Egypt - Politics
10/31/2022 6:57:12 PM
The House's Labour Force Committee approved Sunday amending the 2014's Civil Status law to distribute an exceptional EGP 300 bonus to civil servants, employees in the public sector, the public enterprise sector, and pensioners.

Business - Economy
10/31/2022 5:01:09 PM
Egypt has taken significant strides towards becoming a regional vaccine manufacturing hub, including being recognised in March as a country that meets the relevant international standards, said Mohamed El-Attar, head of health economics sector at GSK.

Business - Economy
10/31/2022 4:57:48 PM
The private sector has been a strong partner to all healthcare-related presidential initiatives that have been launched over the past few years due to the strong will from the country’s political leadership and health officials, said Mayada Shahin, director of government affairs at Roche Egypt.

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