|
Business
-
Energy
8/29/2023 7:05:04 PM
The Egyptian government announced a plan to drill 45 natural exploratory gas wells in the Mediterranean and the Nile Delta with $1.9 billion in investments until mid-2025, according to a Cabinet statement on Tuesday.
|
|
Business
-
Economy
8/27/2023 10:51:34 PM
Egypt Cady Textile Company started the construction of a 145,500-square-meter eco-friendly clothing and textile factory in the TEDA-Egypt zone within the Suez Canal Economic Zone (SCZone) on Sunday, according to a Cabinet statement.
|
|
Business
-
Economy
8/24/2023 7:47:29 PM
Prime Minister Mostafa Madbouly has issued a decree appointing Ahmed El-Sheikh as the new chairman of the Egyptian Exchange for a one-year term, effective 26 August according to a cabinet statement on Thursday.
|
|
Business
-
Economy
8/23/2023 4:00:57 PM
The Egyptian General Authority of Investment and Free Zones (GAFI) has approved an application by GV Investments to establish an EGP 500 billion ($16.17 billion) industrial city near Atfih in the Western Desert, according to a cabinet statement on Wednesday.
|
|
Business
-
Economy
8/21/2023 3:33:08 PM
Companies in Egypt can now issue multiple sukuk with single approval from the Financial Regulatory Authority (FRA), according to the recent amendments to the Capital Market Law (CML) by the Egyptian Cabinet.
|
|
Business
-
Economy
8/20/2023 9:31:10 PM
The Egyptian Cabinet has approved permitting the International Financial Corporation (IFC), the financial arm of the World Bank, to issue Egyptian pound bonds in international markets.
|
|
Business
-
Energy
8/16/2023 1:51:15 PM
An offshore drilling rig arrived at its location in the Mediterranean Sea off Lebanon’s coast and will start operations in the coming weeks to search for gas, Lebanese Cabinet ministers said Wednesday.
|
|
World
-
International
8/16/2023 10:48:34 AM
Germany's Cabinet is set to approve a plan to liberalize rules on cannabis, setting the scene for the European Union's most populous member to decriminalize possession of limited amounts and allow members of “cannabis clubs” to buy the substance for recreational purposes.
|
|
Business
-
Economy
8/10/2023 4:01:25 PM
Egypt has lowered its estimates for the debt-to-GDP ratio to 95.6 percent for the fiscal year 2022/2023, down from 97 percent, Minister of Finance Mohamed Maait stated, according to a Cabinet statement on Thursday.
|
|
Egypt
-
Politics
8/9/2023 9:33:06 PM
The Cabinet passed a draft law in its weekly meeting on Wednesday to establish a national ID system for real estate properties.
|
|
Egypt
-
Society
8/5/2023 3:37:31 PM
All Egyptian government employees in non-public-facing bodies will work from home each Sunday in August to reduce loads on the national power grid.
|
|
Egypt
-
Politics
8/4/2023 7:15:00 PM
Former higher education minister Ashraf El-Shihi said the under-discussion Supreme Council for Education and Training should not be turned into a mini-cabinet, calling for increasing the number of experts on the body.
|
|
Business
-
Economy
8/3/2023 10:06:45 PM
The Suez Canal Economic Zone (SCZone) will launch an investment company named SCZone Istithmar Company after receiving approval from the Egyptian Cabinet, according to an official statement released by SCZone on Thursday.
|
|
Business
-
Economy
8/3/2023 3:44:22 PM
The Egyptian Cabinet approved allocating an additional EGP 2 billion ($64.73 million) for the sixth phase of the cash repayment initiative to support exporters, according to a statement on Wednesday.
|
|
Business
-
Economy
8/2/2023 8:39:47 PM
The Egyptian National Railways (ENR) has announced plans to establish a new join-stock company to produce mechanical spare parts in partnership with Lenza Egypt For Projects Engineering Equipment.
|
|
Egypt
-
Politics
8/2/2023 7:12:27 PM
The Information and Decision Support Centre (IDSC) of the Cabinet announced on Wednesday the launching of the "Let's Think for Our Country" initiative to create sustainable foreign exchange resources in Egypt.
|
|
Egypt
-
Society
8/1/2023 5:10:13 PM
The Egyptian Cabinet announced the launch of an English-language mobile application providing updates on government activities, according to a statement on Tuesday.
|
|
Business
-
Economy
7/31/2023 9:30:00 AM
Egypt’s informal economy still accounts for 40 percent of GDP, despite government efforts to regulate it through formal integration, according to recent data from the Cabinet's Information and Decision Support Center (IDSC).
|
|
Egypt
-
Society
7/30/2023 3:26:12 PM
Ongoing power outages across Egypt could extend through August and even into mid-September in a worst-case scenario if the heatwave does not relent, Cabinet Spokesman Nader Saad warned.
|
|
Business
-
Economy
7/27/2023 8:43:10 PM
Egypt has sold $2 billion worth of land between 1 January and 30 June 2023, announced Minister of Housing Assem El-Gazzar on Thursday after the Cabinet meeting on Thursday.
|