Egypt

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 foreign minister reaffirms support for UN efforts in Middle East

30 Mwezi wa kumi, 2025 Ahmed Hassan

Egypt's Minister of Foreign Affairs, Emigration, and Egyptian Expatriates Badr Abdelatty reaffirmed Egypt's commitment to supporting the United Nations' efforts to promote sustainable development in the Middle East amid ongoing political, economic, and social challenges. The remarks came during his meeting with UN Assistant Secretary-General Abdallah Al Dardari to discuss expanding cooperation and preparations for an upcoming international conference on early recovery and reconstruction in Gaza, hosted by Egypt in November.

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 Mwezi wa kumi, 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.

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.

Egypt's external debt rises to $161.2 billion in June 2025

28 Mwezi wa kumi, 2025 Ahmed Hassan

The Central Bank of Egypt announced that the country's total external debt reached $161.23 billion in June 2025, up $4.54 billion from the previous quarter. According to the quarterly report issued on Tuesday, long-term external debt totaled $130.32 billion, while short-term debt amounted to $30.91 billion.