Latest news with #MoustafaMadbouly
Zawya
2 hours ago
- Politics
- Zawya
President El-Sisi Performs Eid Prayer at Egypt's Islamic Cultural Center in New Administrative Capital (NAC)
This morning, President Abdel Fattah El-Sisi performed Eid prayer at Egypt's Islamic Cultural Center (Masjid Misr) in the New Administrative Capital. Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said the President was received at the mosque by Prime Minister, Dr. Moustafa Madbouly; Grand Imam of Al-Azhar, His Eminence Sheikh Ahmed Al-Tayeb; Commander-in-Chief of the Armed Forces, Minister of Defense and Military Production General Abdel Mageed Saqr; Minister of Endowments, Dr. Osama al- Azhary, as well as ministers. The Eid prayer was attended by a large number of state officials, with whom President El-Sisi exchanged greetings on this blessed occasion. Distributed by APO Group on behalf of Presidency of the Arab Republic of Egypt.
Zawya
21-05-2025
- Business
- Zawya
Madbouly inaugurates SE Wiring Systems Egypt's factory in 10th of Ramadan City
Arab Finance: Prime Minister Moustafa Madbouly has inaugurated SE Wiring Systems Egypt's factory, one of the largest wiring harness manufacturing plants globally, according to a statement. SE Wiring Systems Egypt is a subsidiary of Sumitomo Electric Wiring Systems Europe Ltd. Located on an area of 150,000 square meters in 10th of Ramadan City, the factory employs more than 12,000 Egyptian workers, with annual exports exceeding €300 million. Madbouly stated that the project received a gold license in September 2023, while the implementation process began in December. Actual production from the factory started by the end of 2024. He added that this factory includes a training center that qualifies Egyptian youth to work in the wiring harness production, which opens the door to significant job opportunities for young men and women. The prime minister noted that women currently represent over 40% of ithis factory's total workforce. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
19-05-2025
- Business
- Zawya
Egypt, IMF discuss latest development on 5th EFF review
Arab Finance: The Egyptian government and the International Monetary Fund (IMF) are currently undergoing the fifth review of Egypt's Extended Fund Facility (EFF), following the conclusion of four previous reviews under the IMF program, Prime Minister Moustafa Madbouly revealed. In a meeting with the IMF delegation to Egypt, headed by Deputy Managing Director Nigel Clarke, the two sides discussed Egypt's economic reform program carried out by the government and the Central Bank of Egypt (CBE), in cooperation with the IMF. The meeting was attended by the CBE's Governor Hassan Abdalla, Minister of Finance, Minister Ahmed Kouchouk, and Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat, along with other officials. Madbouly highlighted that the Egyptian economy managed to be resilient and absorb external shocks over the past period. He indicated that Egypt's real gross domestic product (GDP) growth rate hit 3.9% in the first half (H1) of FY 2024/2025. Private sector investments increased by 80% during the period from July to December 2024, Madbouly said, adding that the volume of foreign direct investment (FDI) rose by 17%. Non-oil exports hiked by 33% during the first nine months of the year, contributing to achieving strong growth rates in production sectors, such as industry, information technology, and transportation, he pointed out. Madbouly also noted that inflation rates declined significantly to 13.9% in April, compared to more than 37% in the same month a year earlier. The budget deficit declined to 6.5% from 6.7% over the past 10 months, he mentioned, noting that Egypt aims to reduce the public debt to 85% of GDP by the end of June 2025 from 96% in June 2023. On his part, Clarke stressed that Egypt has made tangible and clear progress regarding its macroeconomic reform program. He stated that the Egyptian program has resulted in a strong reduction in inflation and unemployment rates, while foreign exchange reserves have jumped along with the availability and foreign currencies. Moreover, he depicted the increase in funding provided to the private sector as a direct response to the improvement and stability of macroeconomy. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
See - Sada Elbalad
04-05-2025
- Business
- See - Sada Elbalad
Madbouly: Egypt-UAE Economic Relations Witness Remarkable Growth
Nada Mustafa Prime Minister (PM) Moustafa Madbouly stated that trade and economic relations between Egypt and the United Arab Emirates (UAE) have witnessed significant development in recent years. He emphasized that the UAE has become one of Egypt's most important investment partners, both locally and regionally, across various sectors. During his speech at the signing ceremony of an agreement between the General Authority for the Suez Canal Economic Zone and AD Ports Group to establish an industrial and logistics zone, Madbouly noted: 'The volume of trade exchange between the two countries reached approximately $6 billion last year.' 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 Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
See - Sada Elbalad
03-05-2025
- Entertainment
- See - Sada Elbalad
PM Attends Gabonese Presidential Inauguration on Behalf of Sisi
Nada Mustafa Prime Minister (PM) Moustafa Madbouly arrived at Libreville International Airport, the capital of Gabon, to attend inauguration ceremony of President Brice Oligui Nguema, on behalf of President Abdel Fattah El-Sisi. Egypt's participation in the inauguration reflects the strong fraternal relations between Egypt and Gabon and underscores Cairo's commitment to strengthening bilateral cooperation with the African nation across various priority sectors. 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 Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
