New and Renewable Energy Authority set LE 8B as budget during FY2024/2025
The New and Renewable Energy Authority (NREA) is projected to have a budget of LE 8 billion for the fiscal year 2024/2025 (FY24/25), according to a statement issued by the Ministry of Electricity and Renewable Energy. This budget will be divided, with approximately LE 4 billion allocated for current expenses and around LE 3.7 billion […]
Egypt’s initiative to slash commodities prices by 30% post-Eid Al-Fitr
Prime Minister Mostafa Madbouly has unveiled a collaborative effort with traders and manufacturers aimed at reducing commodity prices. The initiative seeks to achieve a significant price reduction of 15 percent to 20 percent within 48 hours. Furthermore, the decline in prices will continue to intensify in the coming days, ultimately reaching a substantial reduction of […]
AFD, EU grants €61.5M to develop Al Gabal Al Asfar Wastewater Treatment Plant
Minister of International Cooperation (MoIC), Rania Al-Mashat, finalized a financial arrangement with the French Development Agency (AFD) worth €50 million. The agreement also includes a grant of €1.5 million, according to a statement issued by MoIC. The purpose of this collaboration is to facilitate the completion of the third phase of the Al Gabal Al […]
Fatah Movement delegation brief Egypt’s FM on humanitarian, security conditions in Palestinian territories
Minister of Foreign Affairs Sameh Shokry and a Fatah Movement delegation discussed Tuesday the humanitarian and security conditions in the Palestinian territories that include Gaza Strip, the West Bank and Eastern Jerusalem. The delegation was led by Deputy Head of the Fatah Movement Mahmoud al-Aloul, and included Chair of the Palestinian National Council Rawhy […]
Egypt’s GAFI issues 6 golden licenses to investments worth LE5.6B
The General Authority for Investment and Free Zones (GAFI) issued six golden licenses for investments worth LE5.6 billion upping the total to 29. The National Egyptian Railway Industries Company (NERIC) will establish a factory – whose value is LE3.6 billion – in the Suez Canal Economic Zone (SCzone). Hassan Allam Holding will establish, manage, […]
Egypt to complete building 1st factory for bird flu vaccines in 90 days: Official
Dr. Sherif El-Feel, Chairman of the Board of Directors of the Holding Company for Vacsera and Vaccines, revealed that there is a comprehensive development in all of the company’s activities in support of providing the country’s needs for vaccines and serums. The chairman explained the aim to provide all needs on an ongoing basis, while […]
