Private Sector

Egyptian parliament passes law regulating private sector's management of public hospitals

Mon, 20 May 2024 - 12:05 GMT

The law was drafted by the government and approved in principle on Sunday.

Egypt's House of Representatives approves in principle private sector's management of public hospitals

Sun, 19 May 2024 - 01:31 GMT

The House of Representatives approved in principle Sunday the draft law submitted by the government.

Egypt’s PM discusses ways of boosting inbound tourism with public, private sectors

Sun, 12 May 2024 - 07:19 GMT

Madbouli urged the attended investors to present their vision for achieving the ambitious goal of attracting 50 million tourists annually to Egypt.

Planning Min. emphasizes private sector's role in Egypt's sustainable development

Sun, 12 May 2024 - 05:37 GMT

El-Said noted that the national structural reform program has four main pillars, the first one focuses on the real side of the economy which is: manufacturing, agriculture, and information and communications technology (ICT).

PM emphasizes government’s commitment to support private sector

Sun, 12 May 2024 - 02:03 GMT

The Egyptian government is committed to paving the road for more contributions from the private sector, the prime minister stated

Egypt's non-oil private sector activity slows down to 47.4

Thu, 09 May 2024 - 11:14 GMT

The increased availability of foreign currency, coupled with hopes of exchange rate stability, lower prices, and improved material availability, boosted confidence among non-oil firms regarding the year-ahead outlook for activity

FY2024/2025 public investments locked at LE 1trn to promote private sector investments, Egypt targets 3% growth by end of FY

Sun, 21 Apr 2024 - 04:28 GMT

Public investments for the upcoming fiscal year are capped at LE 1 trillion to bolster private sector involvement, aiming to raise private investment to 50 percent of total investments, up from 40 percent this year

PM reaffirms govt. commitment to boosting private sector

Wed, 03 Apr 2024 - 01:13 GMT

The Prime Minister commended major international companies that have established factories of the highest standards within a remarkably short period.

President El-Sisi sworn in for third term, pledges to boost private sector and drive economic growth in Egypt

Tue, 02 Apr 2024 - 12:42 GMT

President El-Sisi pointed out the state's keenness to achieve strong, sustainable, and balanced economic growth, strengthen the role of the private sector, focus on the sectors of agriculture, industry, communications, information technology and tourism, and increase their contributions to the domestic product

Egypt plans to increase private sector's share of investments to 50% in FY2024/25

Thu, 28 Mar 2024 - 07:41 GMT

This comes with the aim to enhance private sector participation in development efforts, aligning with the state's policy document.

Cabinet spox: Egypt not selling airports, but only assigning operation, management to private sector

Tue, 05 Mar 2024 - 01:30 GMT

Counselor Mohamed Al-Homsani, spokesman for the Egyptian cabinet, said that the Egyptian state decided to choose an international consultant in the coming period to study and develop a vision and plan to offer management and operations of airports to the private sector.

Egypt’s PM urges engaging private sector in operating cultural palaces

Sat, 20 Jan 2024 - 10:33 GMT

Prime Minister Mostafa stressed the importance of operating cultural palaces to enhance their role in nurturing the creative potential of children and young people.

Private sector to sell electricity before end of 2023

Tue, 10 Oct 2023 - 05:01 GMT

The private sector will be able to sell electrical power before the end of 2023, Minister of Electricity Mohamed Shaker said Tuesday.

Egypt's private sector allocates $2.1B in development funds since the beginning of 2023

Sun, 13 Aug 2023 - 04:22 GMT

Al-Mashat elaborated that the funds come in the form of investments, contributions, lines of credit or development financing, for companies of all kinds, large, medium and small, and startups.

30% of development cooperation portfolio directed to private sector: Al-Mashat

Mon, 12 Jun 2023 - 04:22 GMT

This came during Al-Mashat’s speech within the activities of the second annual conference of the Chamber of Food Industries, under the title "Sustainability and Increasing Investment in the Food Industries".

Sovereign Fund of Egypt seeks stronger co-op with private sector in development efforts

Thu, 01 Jun 2023 - 01:10 GMT

Increasing the private sector’s participation is a state priority, the Sovereign Fund of Egypt (TSFE) head was reported by local media as saying

Egypt’s gov’t must support private sector: National Dialogue assistant rapporteur

Mon, 15 May 2023 - 09:34 GMT

The Egyptian state must support private investment when it faces slowdown while preventing monopoly and ensuring competitive neutrality, National Dialogue assistant rapporteur Mahmoud Sami said Monday.

Egypt’s increases expected budget deficit rate to 6.9% for FY23/24: Finance Minister

Tue, 09 May 2023 - 03:30 GMT

Maait attributed this to the interest rate hikes in Egypt and global markets, and reassured about the performance of the Egyptian economy in light of the current global crises.

Thursday 4 May paid holiday for Egypt’s private sector employees on Labor Day

Thu, 27 Apr 2023 - 04:31 GMT

Egypt’s Manpower Minister Hassan Shehata announced that next Thursday, 4 May, will be a paid day off for the private sector employees on the occasion of Labor Day.

Monday 17 April paid day off for employees of Egypt's public, private sectors on Sham El-Nessim

Tue, 11 Apr 2023 - 09:48 GMT

Manpower Minister Hassan Shehata announced Tuesday that next Monday will be considered a paid day off for private sector employees and civil servants, alike, on the occasion of Sham El-Nessim.