Turkish companies have committed to $500 million in new investments in Egypt after a visiting business delegation met the prime minister for the first time in a decade, the Egyptian cabinet said, the latest sign of a thaw in relations.

Egypt is set to sell stakes in at least 32 companies by the end of March 2024, Prime Minister Mostafa Madbouly said on Wednesday, reviving stalled privatisation plans as the country grapples with mounting economic difficulties.

Egypt’s government aims to announce a detailed plan next week to offer stakes in at least 20 state companies over the coming year, Prime Minister Moustafa Madbouly said after a cabinet meeting on Wednesday.

Egyptian Prime Minister Mostafa Madbouly announced Monday a series of measures to control public spending and the use of the US dollar amid Egypt’s economic crisis, including restrictions on non-essential travel for members of government.

Egypt’s Prime Minister Mostafa Madbouly ordered on 9 January 2023 the postponement of any unstarted projects that require foreign currency until the end of the fiscal year (FY) in June in order to cope with shortages in foreign currency and rising inflation.

Abdel Fattah Al-Sisi has fascinated us with his astonishing skill in lying and claiming the opposite of what the country has experienced since he seized power in the July 2013 coup. The man lectured us recently on his great achievements, which would not have happened without what he described as …

Egypt’s Prime Minister Mostafa Madbouly announced on Tuesday 9 August the government’s plan to rationalise energy consumption nationwide as a means of redirecting natural gas towards exports to net foreign currency.

Egyptian Prime Minister Mostafa Madbouly attended June 9 the inauguration ceremony of Somali President Hassan Sheikh Mohamud in the capital Mogadishu, in a rare visit by an Egyptian official of this caliber for several years.

Prime Minister Mostafa Madbouly asserted on Monday the importance of service and development projects, carried out by the Engineering Authority of the Armed Forces in all governorates.

The government has laid out a plan to withdraw its arm from select sectors of the economy, including large swaths of agricultural and livestock production, construction industries and hospitality.