Egyptian Cabinet

Eid Al-Fitr in Egypt: Public, private sector employees to enjoy paid holiday from 9-14 April

Thu, 04 Apr 2024 - 01:06 GMT

Employees in both the public and private sectors throughout Egypt will have a paid holiday from April 9-14 to celebrate Eid Al-Fitr, which marks the end of the holy month of Ramadan in the Muslim calendar.

The USD shifted to a commodity rather than a currency: PM

Thu, 07 Mar 2024 - 12:09 GMT

The Prime Minister revealed that a significant quantity of goods and merchandise will be released from the ports on the same day.

Egypt’s annual polyester imports amounts to $800M: PM

Thu, 07 Mar 2024 - 11:30 GMT

Madbouly inspected the artificial silk and polyester factory in Kafr El Dawar and is currently heading to the Alexandria port to supervise the release of goods from the port.

Egypt's agreement with IMF raises to $8B up from $3B

Wed, 06 Mar 2024 - 03:14 GMT

Egypt will also receive soft loans from the World Bank and the European Union, according to the Prime Minister.

Net international reserves increase by $60M by end of February 2024: CBE

Tue, 05 Mar 2024 - 04:20 GMT

Egypt's NIR consist of various currencies such as the U.S. dollar, euro, Australian dollar, Japanese yen, and Chinese yuan. These reserves include foreign exchange, gold, and a variety of international currencies

Egypt receives $5B in 1st installment of Ras El Hikma deal: PM

Thu, 29 Feb 2024 - 01:24 GMT

Madbouly added that measures will be taken to convert $5 billion from the United Arab Emirates (UAE) deposit to Egyptian pounds (EGP)

Egypt inks 7 agreements with $40 bln investments in hydrogen projects

Wed, 28 Feb 2024 - 05:03 GMT

The agreements include investments of $12 billion for the pilot phase and approximately $29 billion for the first phase

Egypt reviews establishing $4B iron, steel complex in cooperation with Italy

Wed, 28 Feb 2024 - 01:44 GMT

The primary objective of this project is to attract investors who would contribute to the establishment of a green hydrogen production plant, requiring investments ranging from $2 to $3 billion

Egypt's finance ministry implements Unified General Finance Law through executive regulations

Mon, 26 Feb 2024 - 01:27 GMT

The new regulations aim to govern funds and private accounts while complementing efforts to establish a robust framework for preparing, implementing, and monitoring the state's general budget and economic entities

Egypt expected to raise local wheat procurement price to support farmers: Cabinet

Sun, 25 Feb 2024 - 06:25 GMT

The Egyptian government is anticipated to raise the local wheat procurement price per ardeb this year as a means of supporting farmers amidst inflation, according to a statement released by the Cabinet on Sunday.

Egypt’s National Dialogue Lauds Cabinet’s approval of largest direct investment deal

Thu, 22 Feb 2024 - 08:47 GMT

Egypt’s National Dialogue lauded the Egyptian Cabinet approval of the largest direct investment deal through a partnership with major entities, announced Thursday.

Egyptian Cabinet approves suspension of load-shedding program in Ramadan

Thu, 22 Feb 2024 - 03:24 GMT

The Cabinet approved on Thursday suspending the load-shedding program across Egypt throughout the holy fasting month of Ramadan.

Egypt, EU to cooperate across green hydrogen field

Mon, 19 Feb 2024 - 02:20 GMT

During the meeting, El Menshawy explained that the Egyptian government has made great strides in the field of green hydrogen, whether in terms of creating the appropriate environment for investments or entering into partnerships with major international companies

Egyptian travelers bring over 3.8 tons of customs-free gold to Egypt in 8 months

Mon, 22 Jan 2024 - 03:00 GMT

This came in line with Cabinet decisions, which exempted travelers from paying customs duties and other associated charges, excluding the value-added tax (VAT). The cabinet gave its approval in May to a proposal that introduced an exemption for individuals who bring gold into the country

Egypt's Cabinet to present document on strategic directions of economy during Sisi's third term for national discussions

Sun, 07 Jan 2024 - 03:56 GMT

Egypt’s Cabinet has announced issuing a research project that includes the proposed strategic orientations for the Egyptian economy during the third presidential term of President Abdel Fattah El-Sisi, spanning 2024 to 2030.

Egypt's IPO Program generates $5.6B through selling stakes in 14 companies

Thu, 21 Dec 2023 - 03:36 GMT

In further collaboration with the Egyptian government, the International Finance Corporation (IFC) is conducting preliminary studies for the potential inclusion of 50 additional state-owned companies, Madbouly added.

Egyptian Cabinet approves LE 50B tourism initiative to boost hotel room capacity

Thu, 21 Dec 2023 - 02:40 GMT

Furthermore, this expansion is expected to create approximately 45,000 new direct and indirect job opportunities, providing a much-needed boost to the labor market

Public employees in Egypt will no longer work from home on Sundays

Thu, 31 Aug 2023 - 11:26 GMT

Public employees in Egypt who have been working from home on Sundays in August as part of a government plan to reduce electricity consumption will work their shifts in the office starting September.

Egypt’s Cabinet keeps electricity prices unchanged until 2024

Thu, 17 Aug 2023 - 04:50 GMT

Egypt’s Cabinet announced on Thursday keeping electricity prices unchanged, postponing a planned increase for another six months.

Egyptian Cabinet denies closing Giza Pyramids complex for two months

Fri, 04 Aug 2023 - 02:02 GMT

The Egyptian Cabinet’s media center has denied reports about the closure of the Giza Pyramids plateau for two months for development.