Arab Finance: The Cabinet has endorsed a presidential draft law on the agreement inked back on January 24th regarding hosting the African Space Agency’s (AfSA) headquarters in Egypt, according to a statement on May 10th.

The agreement aims to boost and implement the African policy and strategy in the field of space, the statement read.

Moreover, it seeks to shore up the employment of space technologies and applications to increase the pace of economic and sustainable development processes and improve the African citizen’s welfare.

The agreement will boost Egypt’s access to the African space science field, in addition to enhancing the space industry in the country, with the aim of pushing forward the national economy, the statement added.

The Cabinet noted that AfSA’s satellite data will contribute to achieving the Sustainable Development Goals (SDGs) and Africa’s Agenda 2063.

Cabinet greenlights Feerum Egypt’s establishment to localize grain silos production Updated 11/6/2025 10:29:00 AM

Cabinet extends fee exemption for air carriers to December 2026 Updated 11/6/2025 8:24:00 AM

Madbouly approves new FRA auditing standards to take effect in 2027 Updated 11/3/2025 8:57:00 AM

Egypt cabinet approves PPAs with Masdar-led consortium for 1.2 GW solar projects Updated 10/22/2025 3:41:00 PM

Cabinet extends building violations reconciliation deadline Updated 10/15/2025 3:55:00 PM