Egypt denies claim it lost $600 million daily in tourism due to global crisis
The Cabinet Media Center has denied social media claims that Prime Minister Mostafa Madbouly said Egypt’s tourism sector is losing $600 million a day due to the global crisis. In a statement on its official platforms, the center described the circulating statements as “false, misleading, and inaccurate.” It clarified that the original remarks made by […]
Egypt extends Sunday remote work measure through May to curb energy use
Egypt’s Cabinet approved on Wednesday a draft decree extending remote work on Sundays throughout May as part of national efforts to reduce energy consumption. The measure comes amid pressure on global energy supplies linked to the ongoing war in Iran, which started on February 28, disrupting markets and driving up energy prices worldwide. The decision […]
Egypt pushing ahead with plans to localise industry and attract investment: PM
Prime Minister Mostafa Madbouly said the state is continuing its plans to provide all necessary components to localise various industries in Egypt during a Cabinet meeting on Wednesday. Madbouly said the state is committed to its plans aimed at increasing investments, particularly in the Suez Canal Economic Zone (SCZONE), which offers a range of incentives […]