Egyptian Cabinet
Farmers in Egyptian different governorates and villages have begun the wheat harvest season, also known as “yellow gold”, which is considered one of the most important food crops in the world.
Madbouly announced that the first tranche of the European Union’s support for Egypt, worth one billion euros, was deposited into the Central Bank last Friday
The Prime Minister opened the session by emphasizing the state’s strategic efforts in Jarjoub, noting the establishment of a port and ongoing renewable energy projects in the region.
Finance Minister Ahmed Kouchouk noted that the initiative will not only offer an economical alternative to gasoline and diesel but also contribute to environmental sustainability. By switching to CNG, Egypt is expected to cut carbon dioxide emissions by 1.5 million tons annually, leading to improved air quality and a healthier environment.
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
