PM: Thursday, July 24, Paid off Holiday
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Daily News Egypt
7 hours ago
- Daily News Egypt
Al-Sisi urges accelerated oil, gas discoveries, lower import bill
Egyptian President Abdel Fattah Al-Sisi met on Tuesday with Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi to review recent developments in the petroleum and mining sectors, the presidency announced in a statement. Presidential spokesperson Mohamed El-Shennawy said the minister presented the ministry's current strategy, which focuses on boosting exploration and production, maximising value through refining and petrochemical industries, and launching a new phase in mining to deepen its economic contribution. The meeting reviewed government efforts to secure domestic energy needs, particularly for the electricity sector, alongside updates on exploration activities and newly added reserves. The minister reported significant achievements between July 2024 and June 2025, including a rise in domestic oil and gas output and successful measures to curb the natural decline in gas production. Discussions also addressed steps to reduce outstanding payments to foreign partners and the ministry's ongoing commitment to settle monthly dues, aimed at fostering greater investment and accelerating project timelines. Participants reviewed key infrastructure developments, notably the expansion of floating regasification unit capacity from 1,000 to 2,250 million cubic feet per day—strengthening supply security and emergency preparedness. The meeting also discussed cooperation with Cyprus to diversify gas imports and advance Egypt's vision to become a regional gas trading hub. On the mining front, officials outlined plans to transform the Mineral Resources Authority into a commercially active entity, sign agreements with leading international companies, and establish value-added industries driven by national investment. President Al-Sisi underscored the importance of sustaining an attractive investment environment, bolstering domestic oil and gas production to support national development, reduce the import bill, and ease pressures on citizens. He called for accelerating the connection of new discoveries to production, expanding exploration programmes, and offering additional incentives to spur growth in the petroleum and mineral resources sectors.
Al-Ahram Weekly
12 hours ago
- Al-Ahram Weekly
Egypt launches ‘Maaki' initiative to train 1 million women in tech, entrepreneurship - Society
The initiative aims to economically and socially empower women, enhancing their ability to launch projects and pursue entrepreneurship, according to a statement issued by MSMEDA. Basel Rahmy, CEO of MSMEDA, affirmed the agency's commitment to expanding financial and technical services for women, especially in underserved rural areas, Upper Egypt, and border governorates. He noted that the initiative aligns with Prime Minister Mostafa Madbouly's directives to advance digital transformation and women's empowerment. According to MSMEDA, Maaki will enhance women's access to education and technology training, enabling them to benefit from the agency's services and start small enterprises, thereby contributing to economic development and community participation. Since July 2014, MSMEDA has invested EGP 17.9 billion in women-led projects, financing more than 918,000 small and micro-enterprises and creating over 1.2 million jobs nationwide, Rahmy added. Mohamed Abdallah, CEO of Vodafone Egypt and Regional CEO at Vodacom Group, described Maaki as a public-private partnership aimed at bridging the digital divide and empowering rural women—an essential step toward modernizing Egypt's countryside and integrating women into the digital economy. CARE Egypt, a key partner in the initiative, is part of a global movement to end poverty. Known for its focus on placing women and girls at the centre of its development work, the organization promotes equality, economic opportunity, and social justice. The launch of Maaki forms part of Egypt's broader national strategy to expand digital inclusion, foster innovation, and build a tech-skilled society. According to the Central Agency for Public Mobilization and Statistics (CAPMAS), women account for 52.2 million of Egypt's 107.3 million citizens, representing 48.6 percent of the total population.
Egypt Independent
16 hours ago
- Egypt Independent
Armed Forces greet president al-Sisi on July 23 Revolution anniversary
Commander-in-Chief of the Armed Forces and Minister of Defense and Military Production Abdelmaguid Sakr sent on Monday, July 21, 2025, a cable to greet President Abdel Fattah al-Sisi, the Supreme Commander of the Armed Forces, on the anniversary of the July 23 Revolution. In his cable, Sakr hailed the sacrifices of the great Egyptian people who built a strong state enjoying freedom and independence. 'The personnel of the Armed Forces reaffirm their unwavering loyalty and steadfastness under your wise leadership, respect their oath and committed to the principles of the revolution. They stand united with the Egyptian people and institutions in building a strong and modern state protected by a vigilant army that safeguards its security and stability, defends its strategic and national interests, and deters any threats to its sovereignty and the resources of its great people,' the Defense Minister said in his cable to the president. A similar cable was sent by Chief of Staff of the Armed Forces Ahmed Khalifa to the president on July 23 Revolution anniversary. Meanwhile, the Defense Minister issued directives to extend greetings to all commanders, officers, non-commissioned officers, soldiers, civilian personnel of the Armed Forces, and members participating in peacekeeping missions.
