The Latest Breaking News from Mostafa Madbouly

The Egyptian government established the spiritual and political status of its New Administrative Capital (NAC) and is gradually transferring the ministries, legislative, and security institutions there. On Thursday, President Abdel Fattah al-Sisi met with Prime Minister Mostafa Madbouly and cabinet members at the Strategic Leadership Center in the New Administrative…

Egypt and Qatar agreed to boost relations and increase investments to establish trade alliances and partnerships. Egyptian Prime Minister Mostafa Madbouly announced that the exchange rate issue would soon be solved after the black market rate approached the official rate. Madbouly called on the business sector in Qatar to invest…

Emir of Qatar Sheikh Tamim bin Hamad Al-Thani held talks in Doha on Monday with Egyptian Prime Minister Mostafa Madbouly. It was the first visit by an Egyptian premier to Qatar in nearly a decade. Sheikh Tamim and Madbouly reviewed cooperation relations between their countries and ways to develop them.…

The Egyptian Cabinet approved on Wednesday 13 draft agreements between the Egyptian General Petroleum Corporation, the Egyptian Natural Gas Holding Company, and a number of international companies. Under the deals, the Egyptian General Petroleum Corporation will be responsible for oil exploration in areas west of Wadi Natrun, east of Siwa,…

Egypt’s President Abdel Fattah El-Sisi has repeatedly made statements about his country succeeding in eliminating terrorism to a large extent.

Egypt is currently developing several proposals to improve its investment climate, including a stable tax system and clear investment incentives, announced the CEO of the General Authority for Investment and Free Zones, Hossam Haiba. Egyptian Prime Minister Mostafa Madbouly met with Haiba and the accompanying delegation and reviewed some procedures…

Egyptian Prime Minister Mostafa Madbouly said Wednesday initial figures show that Egyptian exports reached $53.8 billion in 2022, an increase of 20 percent from last year. For his part, Egyptian Minister of Trade and Industry Ahmed Samir stated that despite the challenging global circumstances, the non-petroleum exports of Egypt registered…

Egyptian Prime Minister Mostafa Madbouly stressed the importance his government attaches to solving problems that local and foreign investors face, as well as creating a more attractive climate for investments in the country. In remarks during a meeting with a group of Saudi investors in Egypt on Tuesday, Madbouly said…

The Egyptian government pledged to “control the market,” stressing that the US dollar crisis is on its way to being resolved. It has also sought to crack down on currency dealers in the “black market.” The value of the Egyptian pound declined against the US dollar following the Central Bank’s…

Egypt and Qatar have boosted their rapprochement through ministerial consultations, proceeding with the reconciliation achieved earlier this year in AlUla in Saudi Arabia. On Thursday, Egyptian Prime Minister Mostafa Madbouly attended a celebration marking the 50th anniversary of the diplomatic relations between Egypt and Qatar. Qatar's Ambassador to Egypt Salem…

Egypt's annual urban consumer inflation rate rose from 16.2 percent in October to 18.7 percent in November, the country's Central Agency for Public Mobilization and Statistics (CAPMAS) said Thursday. The inflation hike in November marks the highest increase since December 2017, when it reached 21.9 percent. Egypt's annual headline inflation…