Egypt has been selected to lead the International Gas Union (IGU) for the 2028-2031 term under the presidency of Khaled AbuBakr.

The government is planning to establish a cargo city in Cairo, dubbed Cairo Cargo City, to double the volume of goods transported.

The Egyptian government has asked the International Monetary Fund (IMF) for an extension of the timeline for the implementation of reforms that were agreed upon under the economic reform program with the fund.

Minister of Petroleum and Mineral Resources Karim Badawi has witnessed the signing of four memoranda of understanding (MoUs) and agreements between Egyptian entities and international firms to boost cooperation in operational safety, energy efficiency, and decarbonization.

A consortium made up of the Egyptian credit bureau I-Score and S&P Global Ratings is nearly ready to obtain a second credit rating license in Egypt.

The Egyptian government will not hike fuel prices further within the coming six months, Prime Minister Moustafa Madbouly stated in a press conference during his visit to Minya on October 19th.

Egypt’s agricultural exports have witnessed a significant rise from the beginning of this year until October 16th, reaching 6.9 million tons at a value of approximately $4.37 billion.

S&P Global Ratings has affirmed its long- and short-term local and foreign currencies credit ratings on the country at “B-/B”, with a positive outlook.

The Ministry of Investment and Foreign Trade has probed with the Belgian financial services provider Euroclear boosting financial cooperation and expanding the group’s activities in Egypt.

Egypt and Saudi Arabia have sealed the formation of the Egyptian-Saudi Supreme Coordination Council.

The government is working on reformulating work plans to further enhance the petroleum sector’s performance and investment attractiveness, Minister of Petroleum and Mineral Resources Karim Badawi said.

Egypt has been experiencing a significant rise in startup activity in recent years. These innovative ventures, often driven by young entrepreneurs, are emerging as key players in driving economic growth and technological advancement. However, despite their potential, Egyptian startups face a number of challenges that hinder their growth and development. To fully realize the potential of startups, it is essential to look into these challenges while exploring government policies and initiatives that can support their success.

The General Authority for Suez Canal Economic Zone (SCZONE) has probed cooperation with China’s Jiangsu Federation of Industry and Commerce (JSFIC).

The Egyptian government has set the price ceiling for future wheat purchases at $240 per ton.

President Abdel Fattah El-Sisi has inaugurated Bashteel Railway Station in Giza, the country’s largest railway station.

The Egyptian Company for Natural Gas Distribution to Cities (Town Gas) signed contracts to locally manufacture natural gas pressure-reducing stations and deliver natural gas to homes and facilities in Romania.

Egypt's Minister of Investment and Foreign Trade Hassan El-Khatib met with Abdulaziz Al-Sakran, Undersecretary for International Relations of the Saudi General Authority for Foreign Trade, to explore ways to enhance joint economic cooperation.

Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat has mulled boosting Egyptian-Romanian ties with the Romanian Minister of Economy, Entrepreneurship and Tourism Stefan-Radu Oprea mechanisms.

The Minister of Industry and Transport Kamel El-Wazir has met the Japanese Ambassador to Egypt Oka Hiroshi to probe cooperation between Egypt and Japan in the industry and transport sectors.

The Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA) and the Romanian Ministry of Economy, Entrepreneurship and Tourism have sealed a memorandum of understanding (MoU) to exchange expertise in the field of medium, small, and medium-sized enterprises (MSMEs) development.