Egypt targets to attract LE40B in investments after issuance of 'State Ownership Document'

Wed, 15 Jun 2022 - 09:34 GMT

Consultant to the Prime Minister for Economic Affairs Gihane Saleh stated Wednesday in a phone-in that the government targets to attract LE40-billion worth of investments over four years.

Egyptian gov’t approves expanding Cairo borders to include new capital lands

Wed, 08 Jun 2022 - 09:40 GMT

The approval comes as part of numerous decisions taken by the Cabinet during its meeting on Wednesday.

Egypt’s PM Madbouli follows up with ‘Haya Karima’ updates

Wed, 01 Jun 2022 - 09:18 GMT

Egypt’s Prime Minister Mostafa Madbouli followed up, Wednesday with the recent updates of the presidential initiative ‘Haya Karima’ [Decent Life] for rural development.

Madbouli: "Egypt Future" agriculture production project great developmental leap

Wed, 25 May 2022 - 02:27 GMT

At the onset of a Cabinet meeting Wednesday, the prime minister said the project that President Abdel Fattah El Sisi inaugurated Saturday on Cairo-Dabaa road would help in reducing exports, thus save foreign currency.

Govt denies its intention to cut allocations for subsidies, social protection

Sat, 21 May 2022 - 01:32 GMT

The media center said in a statement Friday that it has contacted the Ministry of Finance, which totally dismissed such reports.

Over 2.1 million tons of wheat collected from farmers so far in Egypt: PM

Wed, 18 May 2022 - 12:49 GMT

During a meeting for the Cabinet in the New Administrative Capital, Madbouli said the wheat supply system is operating with high efficiency.

Egypt's cabinet report underlines efforts to achieve development in Sinai

Sun, 24 Apr 2022 - 12:53 GMT

A comprehensive plan has been outlined with the aim to achieve development on the peninsula, the report said, pointing to huge national projects in the different fields.

Cabinet: Int'l institutions send reassuring signals about Egypt's economy

Tue, 19 Apr 2022 - 03:14 GMT

The report said the Egyptian state took important measures to increase wages and pensions, adding that some important sectors such as gas and the Suez Canal contributed to the increase of growth.

'Current timing mandates reaching fair price for steel, cement': Egypt's PM

Thu, 14 Apr 2022 - 10:49 GMT

Prime Minister Mostafa Madbouli met Wednesday with large cement and steel manufacturers at the Cabinet's headquarters to discuss the hike in prices.

PM follows up on preparations for Egypt's hosting of COP 27

Tue, 12 Apr 2022 - 01:50 GMT

Madbouli followed up on the ministries’ efforts to prepare for the conference, scheduled to be held next November in the Red Sea resort city of Sharm El-Sheikh.

Egypt's cabinet approves Education Ministry's contract to increase e-content of school books as of next year

Tue, 12 Apr 2022 - 01:40 GMT

The four-year deal is self-funded through the Educational Ministry's Fund for Establishing, Management and Development of Educational Projects to avoid putting any financial burdens on the state's treasury.

Cabinet endorses measures, outcome of issuance of yen-denominated Samurai bonds

Tue, 12 Apr 2022 - 01:33 GMT

Addressing the meeting, Maait said the move aims to diversify funding sources, reduce debt servicing costs, lure new segments of foreign investors to the Egyptian market as well as tap new international bond markets.

Egypt's govt denies paying bigger attention to infrastructure at expense of agriculture areas

Tue, 05 Apr 2022 - 11:26 GMT

Egypt's agricultural area has increased by 9 percent to reach 9.7 million feddans in 2021 up from 8.9 feddans in 2014, the Ministry made it clear.

Cabinet spox: New fiscal year’s budget aims to strike maximum financial discipline

Wed, 23 Mar 2022 - 05:04 GMT

He also highlighted the role of Decent Life (Haya Karima) initiative in support of social development programs.

Cabinet approves financial measures to mitigate economic challenges

Tue, 22 Mar 2022 - 02:30 GMT

The Cabinet agreed to increase pensions and apply an 8-percent salary increase for public servants governed by the Civil Service Law as of the next month.

Egypt's gov't gives top priority to promote cooperation with Arab, African partners

Tue, 15 Mar 2022 - 12:06 GMT

This came during Madbouli's meeting Monday night with a delegation from members of the Governance Council of the Arab Africa Trade Bridges (AATB) Program.

Egypt denies decline in number of ships crossing Suez Cana due to int'l events

Fri, 11 Mar 2022 - 12:10 GMT

The ministry said vessels and container ships are crossing the Suez Canal regularly with normal rate.

Fitch Solutions: Egypt's drugs exports to increase by 4.7 pct in 2022

Sat, 12 Feb 2022 - 11:30 GMT

Drugs sales in Egypt will increase by 6.6 percent in 2022 and 8.6 in 2026 to hit EGP82.3 billion and 112.6 billion in the relevant periods of time respectively, the foundation added.

Cabinet media center denies suspension of solar power stations

Sun, 06 Feb 2022 - 02:01 GMT

In a press release on Sunday, the center said that it communicated with the Ministry of Electricity which denied the news.

Egypt's cabinet agrees to start procedures for issuing sovereign sukuk in int'l markets

Wed, 19 Jan 2022 - 02:01 GMT

Earlier, the Egyptian Finance Minister, Mohamed Maait, confirmed that Egypt is preparing to issue the first sovereign sukuk offering during the second half of the current fiscal year.