Mostafa Madbouly

MSMEDA has injected EGP 79.6bn in financing since its establishment in 1991.

Egypt established its first wind turbine factory through a partnership with Chinese firm Sany, launching a 2,000-megawatt wind project in the Gulf of Suez to localize clean energy production and boost regional exports.

Egypt signed an agreement with China's SANY Renewable Energy to establish its first wind turbine manufacturing facility and develop a 2-gigawatt wind farm in the Gulf of Suez, advancing the country's renewable energy localization strategy and supporting its goal to reach 45% renewable energy capacity.

Egypt's total fertility rate dropped to 2.34 births per woman by the end of 2025.

Prime Minister Mostafa Madbouly says the government supports development across all sectors, not just real estate.

Egypt's petroleum and investment ministers established a joint committee to attract international partnerships and financing for energy projects, targeting strategic sector expansion with $4.5 billion in refining investments amid broader economic development efforts.

President al-Sisi delivered strong messages on Egypt's position regarding regional crises during the G7 Summit.

Egypt's fertilizer exports reached $9.4 billion in 2025, up 7% year-over-year, as the government pursues sustainable industry growth through technological advancement and integration into global value chains to support food security.

Egypt will host the African Pool Procurement Mechanism's operational headquarters under new agreements with the Africa CDC.

Egyptian President Al-Sisi reviews 105 power grid projects to improve stability and expand renewable energy use.

Egypt's Petroleum Minister inspects Ain Sokhna FSRUs to ensure operational readiness ahead of peak summer consumption.

Prime Minister Madbouly toured Beheira's strategic gas projects, reaffirming Egypt's commitment to attracting oil and gas investments and accelerating infrastructure development while meeting with Shell, Petronas, and KUFPEC executives.

The International Monetary Fund reduced the euro zone's 2026 growth forecast to 0.9% from 1.1% and raised inflation expectations to 2.8% from 2.6%, citing US-Israeli conflict in Iran and persistent energy price risks as major economic headwinds.

Egypt's Economic Ministerial Group under Prime Minister Mostafa Madbouly confirmed successful IMF reform programme performance, approved updated State Ownership Policy, advanced digital investment platform initiatives, and reported inflation moderation to 13.0% annually by May 2026.

UAE's Alcazar Energy signed a $420 million deal to manage Egypt's Jabal El-Zeit wind farm.

Egypt's government plans to establish fully integrated industrial zones across Upper Egypt to expand industrial development.

Egyptian President Al-Sisi reviews Universal Health Insurance rollout and approves wage increase for ambulance workers.

NIB denies plans to divest stakes in Bank NXT and EBank, calling reports entirely false.

Egypt's government approved a budget targeting a 78% debt-to-GDP ratio by 2027 while achieving 5% Q3 economic growth despite regional conflict, with increased allocations for social programs and renewable energy investments exceeding $5 billion.

China's SANY Group signed a memorandum to establish Egypt's first wind turbine manufacturing plant in the Suez Canal Economic Zone and develop a 2,000-megawatt wind farm, advancing Egypt's renewable energy localization strategy.

Egypt's parliament approved the 2026/27 plan targeting a 24.5trn EGP GDP with increased allocations for health and education sectors.

MIDAR and Majid Al Futtaim partner to develop a $3.1bn urban project in New Cairo.

MSMEDA implements a plan to develop traditional handicraft clusters and improve production quality.

Egypt's government submits business and tax reform bills to parliament to improve the business climate and encourage investment.

Egypt's government launched a Foreign Trade Information Portal providing exporters access to 60 million data records across 6,650 product categories, aiming to enhance export competitiveness and global market access through integrated digital trade intelligence.

Egypt opens Africa Health ExCon 2026 amid Ebola threat warnings from Africa CDC chief.

Egypt's government allocated 60 billion Egyptian pounds to upgrade its national electricity grid and support renewable energy expansion, aiming to increase renewable energy's share to 45 percent of the electricity mix by 2028 as part of its sustainable development strategy.

Egypt's LNG assets support its energy hub prospects with a well-developed gas network and strategic location.

Egyptian banks will close from June 18 to 21 for the Islamic New Year.

Egypt tourism revenues rise 14.9% to $14.4bn in first 9 months of fiscal year

Egypt's Prime Minister reviews development and service projects in New Valley Governorate.

Alcazar Energy secured a $420 million deal to invest in and operate Egypt's 580-megawatt Gabal El Zeit wind farm, supporting the government's renewable energy strategy to increase clean energy's share to 45% within two years.

Egypt's FRA outlines insurance sector overhaul with new regulations and digitization efforts.

Egypt's Prime Minister inspects Cairo's modernized public transport and a historical mosque restoration project.

Egypt's planning and higher education ministers discuss establishing a start-up financing fund to support innovation and entrepreneurship.

Egypt's Prime Minister witnessed signing of a memorandum establishing the country's first wind turbine manufacturing plant and a 2,000-megawatt Gulf of Suez wind farm with China's SANY Renewable Energy, advancing Egypt's renewable energy localization strategy.

Norway's Scatec will invest $5 billion in Egypt over two years in renewable energy projects.

Norway's Scatec announced a $5 billion investment in Egypt over two years, targeting renewable energy projects including solar, wind, desalination, and energy storage to support industrial development and Egypt's green energy transition strategy.

MSMEDA finances industrial projects worth over EGP 3bn from 2022 to 2026, says CEO Bassel Rahmy.

President Al-Sisi attends graduation of new imams at Egyptian Military Academy.

Prime Minister Mostafa Madbouly directs additional funding to upgrade Giza's sanitation system.

ELAB applies for temporary EGX listing as part of Egypt's privatization program.

Egypt's Prime Minister reviews financial allocations for petroleum supply with ministers.

Egypt signs agreements worth EGP 196bn to resolve decades-old financial liabilities among state entities.

Prime Minister Mostafa Madbouly discussed investments with foreign partners in Egypt's West Delta Deep Marine oil and gas sector.

TAQA Arabia acquires a 10% stake in 172 Wataniya fuel stations through a new company, Quick Fuel.

Prime Minister Madbouly convened a meeting to expedite renewable energy financing, emphasizing the need to secure funds for grid support and reduce fossil fuel dependence while coordinating between electricity and finance ministries to accelerate clean energy integration.

Egypt's Prime Minister orders a faster rollout of the solar energy initiative to expand renewable energy use.

Prime Minister Madbouly inaugurated industrial expansions across automotive, pharmaceutical, and food sectors in Egypt, including Nissan's first African-made Magnite production and pharmaceutical facility upgrades, strengthening local manufacturing and export capabilities.

Egypt's Prime Minister Mostafa Madbouly inaugurated factories in Alexandria's industrial zone on Sunday.