From stability to scale.. El-Sisi tells Davos Egypt is open for growth
“Egypt’s policy is based on supporting and maintaining stability, not just domestically but also regionally and internationally,” President Abdel Fattah El-Sisi told participants during a dedicated Egypt session at the World Economic Forum (WEF) in Davos, highlighting the country’s economic reforms, investment opportunities, and active role in promoting regional stability. Upon arrival at the conference […]
Egypt repays nearly $5 B in arrears to foreign energy companies
Prime Minister Mostafa Madbouly reaffirmed the Egyptian government’s commitment to settling all outstanding dues owed to foreign petroleum companies in accordance with the agreed repayment schedule. During the Cabinet meeting on Wednesday, Madbouly stated that outstanding arrears stood at 6.1 billion dollars as of 30 June 2024, and are expected to decline to 1.2 billion […]
El-Sisi says stability, infrastructure key to attracting investment in Egypt
President Abdel Fattah El-Sisi said Egypt continues to prioritize stability, infrastructure development, and international cooperation as key pillars for supporting economic growth, during his address at the World Economic Forum (WEF) in Davos. Speaking at the forum, El-Sisi noted that the world is facing significant challenges to development amid deep global economic and political transformations, […]