Ahmed Hassan

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 extends EGP 50bn hotel financing initiative by six months to boost tourism capacity

2025年10月29日(水) Ahmed Hassan

The Egyptian Cabinet has approved a six-month extension of the EGP 50 billion hotel financing initiative to expand the country's hotel capacity. Ministers of Finance and Tourism announced the decision, effective from October 20, 2025. The move responds to requests from investors seeking to complete ongoing and planned tourism projects.

Cbe governor attends future leaders graduation at ebi

Hassan Abdalla, governor of the Central Bank of Egypt and chairperson of the Egyptian Banking Institute, attended the graduation ceremony for four new cohorts of the Future Leaders programme at the EBI. The event included deputy governors and board members, marking the graduation of 93 young banking professionals. Abdalla expressed pride in the programme, launched three decades ago to nurture sector talent.

Investment minister sees GEM opening as milestone in cultural and economic progress

Minister of Investment and Foreign Trade Hassan al-Khatib stated that the opening of the Grand Egyptian Museum (GEM) coincides with a notable boom Egypt is experiencing across all domains, creating positive global momentum toward Egypt. He emphasized this event's alignment with Egypt's leadership in global affairs and economic improvements.

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

2025年10月28日(火) 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

2025年10月28日(火) 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.

Egypt assumes INTOSAI presidency as INCOSAI 25 starts in Sharm El-Sheikh

Egypt, represented by the Accountability State Authority (ASA), has officially taken over the presidency of the International Organization of Supreme Audit Institutions (INTOSAI) for a three-year term. The handover ceremony occurred during the opening of the 25th International Congress of Supreme Audit Institutions (INCOSAI 25) in Sharm El-Sheikh under the patronage of President Abdel Fattah Al-Sisi. The event was attended by Prime Minister Mostafa Madbouly, several ministers, and senior officials.

Kuwaiti prime minister arrives in Cairo for economic talks

Kuwaiti Prime Minister Sheikh Ahmed Abdullah Al-Ahmad Al-Sabah arrived in Cairo on Wednesday for talks aimed at strengthening bilateral cooperation in various economic sectors. He was greeted by his Egyptian counterpart, Mostafa Madbouly, at Cairo International Airport. The two leaders are scheduled to co-chair an expanded session to discuss shared interests and ways to enhance cooperation across fields.

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.