Ahmed Hassan

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.

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.

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

28. oktober 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.

Egyptian Tax Authority issues comprehensive tax guide for contracting sector

28. oktober 2025 Ahmed Hassan

Rasha Abdel Aal, Chairperson of the Egyptian Tax Authority, announced the release of a comprehensive explanatory guide on the tax treatment of contracting and construction services under Law No. 157 of 2025. The guide aims to boost tax awareness in the contracting sector—a key pillar of Egypt's economy—by simplifying tax concepts and procedures. It is available for viewing and download on the ETA's official website.

Cbe governor attends future leaders graduation at ebi

29. oktober 2025 Ahmed Hassan

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.

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.