Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, held talks with executives from Samsung and LG to discuss investment expansion plans and increasing the local component ratio in their products.

The net profits attributable to the shareholders of Cairo Poultry Company hiked by 108.01% year-on-year (YoY) to EGP 2.386 billion in 2024

Prime Minister Mostafa Madbouly held a meeting with officials from Stellantis Automotive Group to discuss the company’s future expansion plans in Egypt.

Misr Italia Properties plans to invest EGP 40 billion over the next six years to expand its hotel, commercial, and administrative projects, representing 30% of its total investments, CEO Mohamed Elassal told Asharq Business.

The government is eyeing expansion initiatives for 13 key tourist airports across the country to accommodate the anticipated surge in hotel rooms, Vice Minister of Tourism and Antiquities Ghada Shalaby said.

Prime Minister Mostafa Madbouly confirmed that the foreign currency shortage issue in Egypt “will end soon”.