Egypt allocates EGP 1bn to boost local automotive industry: Kouchouk

The Egyptian government has allocated EGP 1bn in its fiscal year (FY) 2024/25 budget to finance a strategy aimed at localising the automotive industry, according to Finance Minister Ahmed Kouchouk. The plan seeks to attract investment partnerships in car manufacturing and increase local component production to over 45% this year. Kouchouk stated that seven companies […]

TV BRICS lauds development of automotive industry in Egypt

egyptindependent.com - 10:25

TV BRICS has praised the great development of automotive industry in Egypt with the government’s support to localize this industry. TV BRICS cited...

Islamic banking in Egypt increases to EGP 1.14trn in 2024

dailynewsegypt.com - 02/Mar 18:52

The Islamic banking sector in Egypt reached EGP 1.14trn in 2024, representing approximately 5% of the total banking market, according to Mohamed...

Govt allocates RM123mil for Risda in eastern zone

nst.com.my - 23/Feb 10:11

KUANTAN: The government has allocated over RM123 million this year to support the Rubber Industry Smallholders Development Authority (Risda) in...

PM Inspects Model of Tourist Bus of Misr Travel Manufactured By Nasr Automotive

egyptindependent.com - 27/Feb 10:23

Prime Minister Mostafa Madbouly lauded the quality of manufacturing and innovation in designing a tourist bus for Misr Travel manufactured by Nasr...

PM follows up on efforts to increase strategic reserves of essential commodities

egyptindependent.com - 25/Feb 10:16

Egyptian Prime Minister Mostafa Madbouly chaired a meeting on Monday to discuss efforts to ensure a secure supply of strategic goods and products. The...

Egypt unveils EGP 200bn social safety net ahead of Ramadan

dailynewsegypt.com - 26/Feb 18:51

The Egyptian government has launched a social support package valued at EGP 200bn to assist citizens facing rising prices. Prime Minister Mostafa...

Egypt allocates EGP 6bn in compensation for Ras El-Hekma residents

dailynewsegypt.com - 25/Feb 19:39

Prime Minister Mostafa Madbouly chaired a meeting on Tuesday to assess the latest developments in the Ras El-Hekma development project in Matrouh’s...

Mortgage finance in Egypt reaches EGP 81.22bn, benefiting 617,500 citizens

dailynewsegypt.com - 02/Mar 17:42

Mai Abdel Hamid, CEO of the Social Housing and Mortgage Finance Fund (SHMFF), announced that total mortgage financing in Egypt has reached...

Finance Ministry to issue EGP 730bn in T-bills, bonds in March

dailynewsegypt.com - 01/Mar 19:16

The Ministry of Finance has unveiled its plan to issue 32 treasury bill (T-bill) and bond auctions in March, totaling EGP 730bn. This includes 16...

Shire of Broome seeks input for new Community Safety Plan

thewest.com.au - 28/Feb 02:05

The Shire of Broome is inviting residents to help shape its new Community Safety Plan, a four-year strategy aimed at improving security and crime...

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