Egypt news — Nabiora Community

Infrastructure

Egyptian Agriculture Minister discusses localising pesticide production, technology transfer with China’s ICAMA

Egyptian Aladdin Farouk, Minister of Agriculture and Land Reclamation, received a high-level delegation from China’s Institute for the Control of Agrochemicals (ICAMA), the government authority responsible for the regulation, registration and oversight of pesticides in China. The delegation was headed by Huang Xiujie, Director of ICAMA, and included Yang Mao, Director of the General Office, [...] The post Egyptian…

Economy

Egypt’s FRA pursues criminal charges and suspends consumer finance firm over data breach

The Financial Regulatory Authority (FRA) has initiated criminal proceedings, revoked a chief executive’s licence, and imposed a one-month ban on new contracts for a consumer finance company found to have exploited parents’ data to issue unauthorised loans for an international school. The sweeping decisions, approved by Authority Chairperson Islam Azzam, followed a four-day intensive [...] The post Egypt’s FRA…

Infrastructure

Who Benefits from Egypt’s Solar Water Stations in South Sudan?

When water tankers fail to reach Juba Nabari, Betty Elias cannot simply turn on a household tap and wait for the supply to return. The South Sudanese mother, who lives with her five children, dug a well about four metres deep beside her home so the family would have something to rely on when poor [...] The post Who Benefits from Egypt’s Solar Water Stations in South Sudan? first appeared on Dailynewsegypt . ]]>

Economy

Private sector secures 60% of investments as economic risk falls, Egypt finance minister tells premier

The private sector currently accounts for nearly 60% of total investments in Egypt as improving economic indicators drive international risk assessments to their lowest levels since 2014, Finance Minister Ahmed Kouchouk said on Monday. Briefing Prime Minister Mostafa Madbouly on the ministry’s portfolio, Kouchouk noted that recent state-led economic reforms have positively impacted investor [...] The post Private…

Economy

Foreign exchange reserves at safe levels, Egyptian premier and central bank governor affirm

Egypt currently holds safe levels of foreign exchange reserves capable of securing strategic requirements for basic commodities, Prime Minister Mostafa Madbouly and Central Bank of Egypt (CBE) Governor Hassan Abdalla affirmed on Monday. During a meeting at the government headquarters in New Alamein City to review priority economic files, the two officials emphasised their [...] The post Foreign exchange reserves at…

Infrastructure

US firms offered port and terminal operations as Egypt seeks regional manufacturing status

Transport Minister Kamel El-Wazir has pitched opportunities for US companies to manage and operate key port terminals and establish joint industrial zones in a bid to position Egypt as a regional manufacturing hub for the Middle East and surrounding markets. El-Wazir presented the investment prospects during talks with US Deputy Assistant Secretary for the [...] The post US firms offered port and terminal…

Infrastructure

Egypt Tops Arab Wheat Production Forecasts for 2026: FAO

Egypt is expected to remain the Arab world’s largest wheat producer in 2026, with production projected to reach 10.2 million tons, according to estimates by the UN Food and Agriculture Organization (FAO) published by the Cabinet’s Media Center on Sunday, 23 August. The FAO estimates place Egypt ahead of Morocco and Iraq, which are each projected to produce five million tons, followed by Algeria at 3.5 million tons,…

Economy

CBE issues regulations governing eKYC services to support digital banking, financial inclusion

The Central Bank of Egypt (CBE) has approved regulations governing the services of the Digital Financial Identity (DFI) Platform for identifying bank customers and electronically verifying their identities (eKYC), as part of the CBE’s ongoing efforts to support digital transformation and promote financial inclusion. The new regulations align with Egypt’s vision for transitioning to digital [...] The post CBE issues…

Economy

Egypt’s investment risk rating falls to lowest level since 2014, finance minister says

International investors have lowered their assessment of investment risk in Egypt to its lowest level since 2014 in response to recent economic reforms, Finance Minister Ahmed Kouchouk said. Speaking at an open dialogue with the heads of newly appointed Egyptian diplomatic missions abroad, Kouchouk stated that the country’s economy is improving and the private [...] The post Egypt’s investment risk rating falls to…

Infrastructure

Egypt forges strategic partnerships with global port operators, shipping lines: Transport minister

Transport Minister Kamel Al-Wazir said Egypt has successfully forged strategic partnerships with major global port operators, shipping lines and international operators, strengthening the ability of Egyptian ports to attract transshipment trade and enhance their global competitiveness. He also expressed his aspiration to expand cooperation with US companies in the sector. The Minister made the remarks [...] The…

Economy

Egypt strengthens position as regional investment, digital services hub

Egypt is strengthening its position as a regional investment and business hub as Gulf companies and international investors increasingly look to the country as a long-term base for expansion, according to Mohamed Awaad, Egypt Corporate Agent at Ziada DC – UAE. Awaad said the renewed interest reflects a broader shift in investors’ outlook towards Egypt, [...] The post Egypt strengthens position as regional…

Infrastructure

Egypt’s Supply Ministry forms joint committee to review bakers’ demands within a month

Minister of Supply and Internal Trade Sherif Farouk has directed the urgent formation of a joint committee to evaluate the demands of bakery owners and propose executive solutions, with a mandate to deliver a comprehensive report within one month. The directive was announced during an extensive meeting between Farouk, Head of the General Federation [...] The post Egypt’s Supply Ministry forms joint committee to…

Real estate and district development

Aqar Exit launches in Egypt to aid distressed property buyers

Aqar Exit has launched operations in Egypt’s real estate market, aiming to help customers facing difficulties meeting property-related financial obligations exit their units and recover amounts already paid. The platform connects distressed customers with new buyers at existing contract prices, offering sellers an exit option while providing buyers access to properties under the same contractual [...] The post Aqar…

InfrastructureHurghada

Times Developments invests EGP 30bn, plans expansion into North Coast, Red Sea, and West Cairo

Times Developments has reported construction investments of about EGP 30bn over the past two years as the company prepares to expand its land portfolio and pursue new projects in the North Coast, Red Sea, and West Cairo. Chairperson Ahmed El Sergany said Times Developments’ construction program has been funded primarily through self-financing. He added that [...] The post Times Developments invests EGP 30bn, plans…