Egyptian Cabinet
A key highlight of the trip was the declaration of a strategic partnership with Denmark, paving the way for increased collaboration in sectors like renewable energy, trade, and technology. Madbouly noted that these agreements open new avenues for cooperation and support Egypt’s economic diversification goals.
This announcement comes as part of the Egyptian government’s plan to offer stakes in more 32 state-owned companies. The plan includes state-owned companies and targets raising $6.5 billion by the end of 2024.
This initiative aims to attract local market investments and ensure a balanced, competitive industry
Mohamed Abdel Samad, Managing Director of Nissan Egypt, highlighted that the new model will feature a local component ratio exceeding 54%, supporting the company’s goal to enhance domestic production.
He expressed optimism about collaborating with the French group, noting the government’s focus on offering airport management opportunities to the private sector as part of its privatization program, implemented in cooperation with the International Finance Corporation (IFC)
With an investment surpassing LE 850 million, the project aims to promote industrial localization by relying entirely on locally sourced raw materials and production inputs, ensuring that 100 percent of the components are domestically produced.
He instructed the Ministers of Petroleum and Health to prioritize collaboration with Azerbaijan in these areas, in line with Egypt’s broader strategy to deepen partnerships and foster growth in critical industries
The project aims to develop a high-impact investment in the chemical sector, signaling strong confidence in Egypt’s vibrant economy, favorable investment climate, and readily available raw materials.
The adjustment will take effect at midnight throughout Egypt on 1 November, marking the official end of daylight saving time and requiring the time to revert back by one hour to 11 PM on Thursday
Themed: “media inspires … young people create,” the summit serves as a platform to enhance innovation and collaboration among media institutions and their impact across various sectors.
In a move aimed at cutting down power usage, Egypt reintroduced daylight-saving time in 2023 after a seven-year hiatus
The zone, named "Ghrs for Citrus Concentrates," will be situated on a 10,000 square meter plot within Port Said's industrial area.
Egypt is preparing to commemorate the 51st anniversary of its victory over Israel, a milestone that led to the liberation of Sinai from Israeli occupation.
The Cabinet warns against audio messages sent on WhatsApp warning citizens from drinking from the tap from 3 AM to 10 PM, saying those records are baseless as no official entity has issued such warnings.
This soft loan, which is expected to be disbursed before the end of the year, offers long repayment terms and low interest rates.
The Masdar-Infinity alliance will develop, finance, and operate the project, with commercial operations expected to commence in October 2026
The Cabinet announced on Thursday launching Egypt’s National Low Carbon Hydrogen Strategy to enhance the country’s efforts in diversifying renewable and sustainable energy sources
The approval was granted during a Cabinet meeting presided over by Prime Minister Mostafa Madbouly.
Egyptian airports, maritime ports, banking services, communications networks, and the government service platform are all operating normally.
Similar to its human development counterpart, the Ministerial Group for Industrial Development will convene weekly, with a technical secretariat ensuring operational efficiency and regular reporting to the Prime Minister
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