The Annual Forum for CSR in Egypt Honors Hana Tahawith " Athar Award " for Her Contributions toSustainability and Women's Empowerment
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Daily News Egypt
4 days ago
- Daily News Egypt
Egypt, Jordan to activate MOUs in health, industrial zones, SMEs
Egypt and Jordan have agreed to activate a number of previously signed memoranda of understanding (MoUs) in fields including health, industrial zones, and small and medium-sized enterprises (SMEs), Egypt's planning minister said on Tuesday. The announcement came as the Egyptian Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, reviewed the report of expert meetings held in Amman ahead of the 33rd session of the Egyptian-Jordanian Higher Joint Committee. The committee is co-chaired by the prime ministers of both countries, Mostafa Madbouly of Egypt and Jafar Hassan of Jordan. In her remarks, Al-Mashat said that since the last session of the committee, bilateral trade volume had increased by 33% in 2024 to exceed $1bn, reflecting the continuous understanding and commitment between the two countries. She added that both governments were keen to overcome any challenges to further strengthen economic, trade, and investment relations. The minister also highlighted achievements in the fields of electricity, gas, and oil, noting the continuation of the electrical grid connection between the two countries and ongoing studies to increase its capacity. In civil aviation, an air transport agreement and an MoU were signed to increase capacity. During the current session's preparatory meetings, the delegations reached numerous understandings on documents scheduled to be signed by the prime ministers, covering fields such as planning, investment, government procurement, and tourism. Al-Mashat also confirmed the agreement to activate a number of previously signed MoUs. These include agreements on the establishment and management of industrial zones, cooperation between financial regulatory authorities, and cooperation in free zones and development zones, as well as agreements between the countries' SME development agencies and health ministries. An agreement was also reached to hold technical committees and meetings in areas including specifications and standards, consumer protection, and land and maritime transport. The joint committee mechanism is one of the main tools through which Egypt seeks to strengthen economic, trade, and investment relations with other countries. The planning ministry oversees approximately 55 such committees.
Al-Ahram Weekly
29-07-2025
- Al-Ahram Weekly
Egypt secures $1.8 bln trade finance from ITFC to support energy, food needs - Economy
Egypt has secured $1.8 billion in trade financing from the International Islamic Trade Finance Corporation (ITFC) so far this year, the Ministry of Planning, Economic Development and International Cooperation said on Tuesday. The funds include $1 billion allocated to the Egyptian General Petroleum Corporation (EGPC) and $814.2 million to the General Authority for Supply Commodities (GASC), reflecting Egypt's reliance on the ITFC to meet its energy and essential goods requirements. The announcement followed a meeting in Cairo between Egypt's Minister of Planning, Rania Al-Mashat, and the ITFC's CEO, Hani Salem Sonbol, where both sides pledged to deepen cooperation across key sectors, including energy, trade, food security, and digital development. 'The ITFC continues to be a vital partner in supporting Egypt's trade and economic resilience,' said Al-Mashat. 'This year's financing reflects the strength of our relationship and the alignment between national development goals and regional trade integration.' Since its establishment, the ITFC has extended a total of $22.2 billion to Egypt—$20.5 billion since the body's formation and $1.7 billion beforehand, making Egypt one of its largest and most consistent beneficiaries. The Cairo talks also touched on Egypt's upcoming National Narrative for Economic Development, a reform roadmap aimed at boosting exports, industrial growth, job creation, and foreign direct investment. Al-Mashat said economic reforms introduced since March 2024 had helped stabilize Egypt's macroeconomic environment and improve conditions for investment. Sonbol praised Egypt's progress, describing the partnership as 'strategic' and pledging continued support. 'We look forward to scaling our joint efforts to create more inclusive and resilient trade ecosystems,' he said. The two sides also reviewed ongoing initiatives, including the second phase of the STEP 2 export training programme, the Women in Trade initiative under the regional AFTIAS 2.0 programme, and funding for research centres and training institutes designed to enhance Egypt's export capacity and innovation potential. The meeting concluded with a commitment to increase coordination between ITFC and ministry technical teams to co-design development projects and maximise impact. 'This partnership is no longer just about financing—it's about creating a development platform that supports Egypt's long-term transformation and competitiveness,' Al-Mashat said. Follow us on: Facebook Instagram Whatsapp Short link:
Egypt Independent
29-07-2025
- Egypt Independent
Egypt welcomes coordination with South Africa under its G20 presidency to advance GFS reform
Minister of Planning, Economic Development and International Cooperation Rania al-Mashat said Egypt welcomes coordination with South Africa within the framework of its presidency of the G20 to push forward restructuring the Global Financial System (GFS) and achieve tangible progress in development financing, highlighting the joint role that Egypt and South Africa play as 'cornerstones' of the African continent in shaping and guiding the sustainable development agenda both regionally and internationally. During a bilateral meeting held on Sunday, July 27, 2025, between the minister of planning and South Africa's Minister in Presidency Responsible for Planning, Monitoring and Evaluation Maropene Lydia Ramokgopa to enhance bilateral cooperation and align visions on regional and international development issues – held on the sidelines of Egypt's participation in the G20 Development Ministers' Meetings hosted and chaired by South Africa in July – Mashat voiced sincere appreciation to the government and people of South Africa for inviting Egypt to participate in the G20 meetings, noting that Egypt has actively participated in G20 discussions over the past five years, reflecting its influential role in global development efforts.
