Ahmed Hassan

Egypt and Netherlands renew water MoU for coastal protection

Egypt’s Water Resources and Irrigation Minister Hani Sweilam met with Dutch Ambassador to Cairo Peter Mollema to strengthen bilateral ties in water management. The two sides renewed their Memorandum of Understanding for the Egypt-Netherlands High-Level Water Committee, focusing on water resource management and coastal protection. Preparations are underway for a new feasibility study on environmentally friendly beach nourishment techniques to safeguard Egypt’s Mediterranean coastline.

Al-Ahram Chemicals invests $10m in Sokhna formaldehyde derivatives complex

Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone, witnessed the signing of a contract between Al-Ahram Chemicals and Resins and the Main Development Company to build an industrial complex for formaldehyde and derivatives in Sokhna Industrial Zone. The $10m investment is expected to create 150 direct jobs. Commercial operations are set to start in early 2027.

Egypt brokers African consensus on AfCFTA rules of origin after four years

Egypt, as Chair of the AfCFTA Ministerial Council of Trade Ministers, has secured consensus among member states on rules of origin for the textile, apparel, and automotive sectors. The breakthrough, achieved through a transitional implementation mechanism, follows more than four years of negotiations. It was announced after a Cairo meeting in September and an October virtual session.

Egypt's al-Mashat to discuss challenges at FII9 in Riyadh

28 अक्टूबर 2025 Ahmed Hassan

Egypt's Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, has arrived in Saudi Arabia for the Ninth Edition of the Future Investment Initiative (FII9) Conference. Themed 'The Key to Prosperity,' the event is taking place at the King Abdul Aziz International Conference Center in Riyadh until October 30. Al-Mashat will address global challenges and public-private partnerships.

Israeli sources: Remains returned by Hamas not those of missing hostages

28 अक्टूबर 2025 Ahmed Hassan

Israeli sources say the remains handed over by Hamas to Israel on Monday night do not belong to any of the missing deceased hostages. Forensic examination confirmed they are not among the 13 unaccounted-for hostages in Gaza. Prime Minister Benjamin Netanyahu is set to discuss Israel's potential response.

Finance ministry introduces new VAT facilitations to support taxpayers

29 अक्टूबर 2025 Ahmed Hassan

Minister of Finance Ahmed Kouchouk has issued two ministerial decrees introducing new facilitations for Value Added Tax (VAT) taxpayers, aiming to strengthen trust and partnership between the government and the business community. The first decree amends executive regulations of the VAT Law, while the second establishes a new accounting framework for contracting and construction agreements. These changes seek to simplify tax procedures and foster a transparent business environment.