prime minister
Madbouly noted a notable decrease in inflation rates, which fell to approximately 27.5 percent in June 2024 from around 35.8 percent in the corresponding month of the previous year.
Central to the discussions was the swift execution of strategies aimed at alleviating electricity burdens, particularly during the demanding summer months.
Priorities also included accelerating the activation of the Continental Free Trade Agreement, as well as enhancing the benefits provided to member states
Minister of Investment and Foreign Trade, Hassan El-Khatib, further elaborated on the meeting's significance.
The government's complete dedication to supporting the ministerial group responsible for industrial development was emphasized, spanning all facets from licensing to operational execution.
Egypt’s Prime Minister Mostafa Madbouly, announced Thursday, July 25, an official paid holiday, on occasion of July Revolution anniversary.
The Minister of Finance will act as the group’s official spokesperson.
Egypt’s Cabinet spokesperson Mohamad Al- Humosani said, Wednesday that the current electricity problem, is the result of increasing consumption and the need to provide more financial resources that enable the purchase of the fuel necessary for the operation of the electricity network and stations.
Counselor Mohamed al Humosani, spokesperson for Egypt’s cabinet, said on Tuesday that the government is committed the Prime Minister promise regarding stopping load shedding starting the third week of July.
The report further highlights the remarkable progress in Egypt's outsourcing services sector, which recorded a growth rate of 54.2 percent in FY 2022/2023.
Based on extensive national dialogue sessions, the program prioritizes key areas such as economic growth, inflation control, and elevating Egypt’s international standing.
The objective is to fully leverage Egypt's capabilities across various industries, as outlined in the state ownership policy document.
Based on astronomical calculations, the 1st of Al-Muharram is expected to occur on Sunday in Egypt, as well as in other Arab and Islamic nations
During the meeting, Madbouly delegated the task of devising a plan to ensure the availability of goods and price control to Minister of Supply and Internal Trade, Sherif Farouk.
According to local media platforms, Ahmed Kojok will be appointed as the new Minister of Finance.
Sources indicate there will be new appointments across several key ministries, including education, finance, agriculture, justice, social solidarity, petroleum, and electricity. Additionally, the economic group will see changes.
The project aligns with Egypt’s comprehensive plan to develop the North Coast with the aim of attracting double the number of tourists, as stated by Madbouly.
The factory aims to export its products to Europe, Africa, and the Middle East, accounting for up to 60% of its production.
He emphasized Egypt's commitment to its economic reform program and its deep belief in strengthening the partnership with the EU.
On the sidelines of day two of the Egypt-EU investment conference, PM Madbouly underscored Egypt's commitment to economic reform and its impact on fostering a conducive investment climate, citing achievements such as stabilizing the foreign exchange rate and supporting the private sector
