The Egyptian government has so far paid about EGP 5.5 billion in compensation to residents of the Ras El-Hekma area.

The Minister of Investment and Foreign Trade Hassan El-Khatib will unveil the state’s updated initial public offering (IPO) program before the end of November, Prime Minister Mostafa Madbouly said in a press conference.

The first phase of the government’s plan to lure private investors to develop, manage, and operate Egyptian airports will offer up five airports.

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 Egyptian government has offered seven investment projects to investors at several airports across the country.

The Egyptian government has announced that National Strategy for Low-Carbon Hydrogen.

The Egyptian government is planning to develop the state-owned tire producer Transport and Engineering Company (Trenco), in partnership with the private sector, with investments estimated at $160 million.

The recent fuel price increases imposed by the Egyptian government will not be reflected on subsidized bread.

The Egyptian government is looking into raising the prices of subsidized fertilizers by up to 30% to roughly EGP 6,250 instead of EGP 4,800 per ton.

President Abdel Fattah El Sisi oversaw the swearing-in of Egypt’s new cabinet on July 3rd. The recent ministerial reshuffle, in which Madbouly is reappointed as Prime Minister, renewed focus on economic development, improved government efficiency, and citizen well-being. As the new cabinet settles in, all eyes will be on its ability to deliver enhanced living standards, a more productive workforce, and a brighter economic future for the nation.

The new Egyptian government was sworn in before President Abdel Fattah El-Sisi at the Ittihadiya Palace, marking a significant reshuffle aimed at steering the country through its next phase of development.

The Egyptian government has formed an advisory committee to review the prices of medicines every six months amid the current fluctuations in the Egyptian pound’s exchange rate against foreign currencies.

The Egyptian government has lowered its target for importing wheat from abroad this year by 17% year on year (YoY) to 5 million tons from its previous target of 6 million tons.

Egyptian Prime Minister Mostafa Madbouly has submitted his resignation to President Abdel Fattah El-Sisi who ordered him to form a new government.