Latest news with #IndustryandTransport
Daily News Egypt
7 hours ago
- Business
- Daily News Egypt
PM Madbouly reviews ongoing investment talks with Gulf states
Egypt's Prime Minister Mostafa Madbouly chaired a meeting on Wednesday to discuss major investment opportunities currently under negotiation with several Gulf countries. The meeting was attended by Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir; Minister of Finance Ahmed Kouchouk; Minister of Investment and Foreign Trade Hassan El-Khatib; Minister of Public Business Sector Mohamed Shimi; Minister of Petroleum and Mineral Resources Karim Badawi; along with senior officials from the relevant ministries. Madbouly stressed that, as part of the government's strategy to actively promote investment in promising sectors and strengthen Egypt's economic competitiveness, the state is focused on showcasing the most viable projects and advancing executive measures to attract more foreign direct investment (FDI). Cabinet Spokesperson Counselor Mohamed El-Homsany noted that the meeting covered several projects under negotiation with Gulf partners across a range of sectors. These discussions aim to expand foreign investment and increase foreign currency inflows to support economic stability. He added that the meeting reaffirmed the government's commitment, as outlined in its action plan, to fostering both domestic and international investment by improving the investment climate and providing a package of incentives and facilitations. Gulf investments in Egypt have surged in 2025, led by the UAE's landmark $35bn Ras El-Hekma agreement—the largest FDI deal in Egypt's history—followed by Qatar's pledge of $7.5bn in direct investments. Saudi Arabia, Kuwait, and Bahrain have also stepped up their engagement, bringing total Arab investments to $41.5bn. These funds primarily target strategic sectors such as real estate, infrastructure, logistics, and energy, underscoring growing Gulf confidence in Egypt's reform agenda and economic potential.
See - Sada Elbalad
2 days ago
- Politics
- See - Sada Elbalad
Special Train Departs from Cairo to Facilitate Voluntary Return of Sudanese Refugees
Ahmed Emam A special train carrying Sudanese nationals is set to depart from Cairo's main railway station today, heading to Aswan as part of a coordinated effort to support the voluntary return of Sudanese citizens and their families to their homeland. This initiative underscores the enduring historical ties and strong fraternal bonds between the peoples of Egypt and Sudan. The Egyptian National Railways Authority (ENR) announced the continued operation of this dedicated service to facilitate the return of Sudanese citizens who wish to go back voluntarily. Train No. 1940, a third-class air-conditioned service, will depart Cairo at 11:00 a.m. on Monday, July 28, and is scheduled to arrive at the High Dam Station in Aswan at 11:40 p.m. that evening. The return trip, Train No. 1945, will depart Aswan at 8:30 p.m. on Tuesday, July 29, and arrive back in Cairo at 9:25 a.m. the following morning. An additional luggage carriage has been attached to the train to accommodate the personal belongings of passengers, ensuring comfort and convenience during their journey. This initiative follows directives from Lieutenant General Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, who instructed Egyptian National Railways officials to provide all logistical support and services necessary to ensure a safe and dignified journey for Sudanese travelers. The effort reflects Egypt's longstanding humanitarian and national role in supporting neighboring nations, especially Sudan. ENR reaffirmed its full commitment to assisting Sudanese citizens residing in Egypt and extended its wishes for a safe journey and honorable return to their homeland, in the spirit of shared destiny and regional solidarity between the two Nile Valley nations. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Sports Get to Know 2025 WWE Evolution Results Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani
See - Sada Elbalad
3 days ago
- Business
- See - Sada Elbalad
Egypt Launches Train Service to Support Sudanese Voluntary Repatriation
H-Tayea Egypt has launched a dedicated train service to support the voluntary return of Sudanese citizens currently residing in the country. The train will depart from Ramses Station in Cairo, heading to Aswan, where further arrangements will be made to assist Sudanese nationals returning home. This humanitarian initiative is part of Egypt's ongoing support for the Sudanese people and the strong historical bond between the two nations of the Nile Valley. The Egyptian National Railways Authority has confirmed that a special, air-conditioned third-class train, Train No. 1940, will depart from Cairo on Monday, July 28, 2025, at 11:00 AM and arrive at the High Dam Station in Aswan by 11:40 PM. To ensure convenience and comfort, the train will include an additional luggage carriage specifically for passengers' personal belongings. The return journey for regular passengers will operate as Train No. 1945, departing Aswan on Tuesday, July 29, at 8:30 PM, and arriving in Cairo at 9:25 AM the following day. This effort was launched under the directives of Lieutenant General Kamel El-Wazir, Egypt's Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, who instructed railway authorities to provide all necessary logistical and service support. The goal is to guarantee a safe, organized, and dignified journey for Sudanese citizens returning home. The Egyptian government emphasized that this is more than a transportation effort—it reflects deep solidarity with the Sudanese people during a time of hardship, and a continuation of Egypt's role as a regional partner offering real, on-the-ground support to neighboring nations in crisis. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language
Daily News Egypt
4 days ago
- Automotive
- Daily News Egypt
Egypt's PM orders road maintenance review, tougher penalties to curb accidents
Egyptian Prime Minister Mostafa Madbouly has ordered a comprehensive review of all road maintenance nationwide and called for stiffer penalties for traffic violations in an effort to curb road accidents, particularly on the Regional Ring Road. Madbouly chaired a meeting on Sunday in the city of New Alamein to follow up on measures to address the accidents, his office said in a statement. The prime minister acknowledged that while the state has made significant progress in expanding and improving its road network, the focus must now shift to reducing accidents. 'There is a technical aspect that we, as a government, will deal with, but there is another aspect related to the behaviour and violations committed by some drivers,' Madbouly said. He stressed that all practices by drivers must be governed and that while there are problems on some roads, they will be addressed through quality operation and maintenance. Madbouly directed the Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel El-Wazir, to conduct a comprehensive review of all road maintenance, regardless of which authority has jurisdiction over them. At the same time, Madbouly said the government would begin to tighten penalties for driving violations and work on an awareness axis. 'There will be deterrent penalties for driving violations,' he said, adding that the awareness campaign would be approached from a religious perspective through the Ministry of Awqaf, and a general awareness perspective through several other ministries and relevant bodies. During the meeting, El-Wazir explained that the 400-km Regional Ring Road is a vital link between all major road arteries in the country and plays a crucial role in connecting various sea and dry ports. He outlined a two-phase plan to develop and upgrade the entire road. El-Wazir also reviewed measures already taken to address accidents on the ring road, noting that, following a presidential directive, sections of the road undergoing maintenance have been closed to protect citizens' lives. He said a committee of specialists had been formed to implement a plan for traffic flow on alternative routes, which will be equipped with various warning signs. The committee also recommended replacing small plastic barriers in traffic diversions with fixed concrete barriers, closing all openings in central and side barriers to reduce wrong-way driving, increasing warning signs and night lighting in development sections, and reducing the length of diversions. The committee also stressed the need for complete traffic control in diversions, monitored by cameras and radars, and the activation of security inspection areas to enforce speed limits and reduce violations, especially by heavy transport vehicles.
Fibre2Fashion
23-07-2025
- Business
- Fibre2Fashion
Egypt to set up private free zone units for textiles & RMG
Egypt's ministerial group for industrial development recently approved three new private free zone projects: a readymade garments (RMG) factory, a PVC panel and flooring plant and a textile unit. The RMG factory in the medium industries zone of New Beni Suef City will be set up with an investment of $30 million, and is expected to create 9,000 jobs. Egypt's ministerial group for industrial development recently approved three new private free zone projects. A $30-million RMG factory in New Beni Suef City is expected to create 9,000 jobs. A $78.5-million textile project in 10th of Ramadan City will create an estimated 4,000 jobs. A $108-million PVC panel and flooring manufacturing plant in New Alamein City is expected to create 2,150 jobs. The textile manufacturing project in 10th of Ramadan City in Sharqia governorate will come up with an investment of $78.5 million, and will create an estimated 4,000 jobs. The $108-million PVC panel and flooring manufacturing plant in the industrial zone of New Alamein City, is expected to create 2,150 jobs, according to domestic media reports. The country's Deputy Prime Minister for industrial development and Minister of Industry and Transport Kamel Al-Wazir noted that the PVC panel project represents a new industry for the Egyptian market and will help meet domestic demand from a strategic location in New Alamein. The minister also highlighted government efforts to encourage industrial investment in governorates like Beni Suef, Minya, and Fayoum, which are rich in skilled labour. Two integrated textile cities have already been launched in Wadi El-Saririya (Minya) and the North Fayoum Industrial Zone to support job creation, meet local market needs and boost exports. Fibre2Fashion News Desk (DS)
