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Category: Business 9423

President Sisi Receives Call from Cyprus President to Discuss Gaza Ceasefire Agreement and Invitation to Sharm El-Sheikh Celebration
Business
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President Sisi Receives Call from Cyprus President to Discuss Gaza Ceasefire Agreement and Invitation to Sharm El-Sheikh Celebration

President Abdel Fattah El-Sisi received a phone call from Cyprus President Nikos Christodoulides to discuss the Gaza ceasefire agreement. The Cypriot president expressed full support for the agreement and praised Egypt's role in facilitating it. They also discussed enhancing bilateral cooperation and invited Cyprus to participate in the Sharm El-Sheikh celebration.

Economists' Syndicate Holds Its First Post-Liberation Conference to Discuss Internal Regulation Amendments
Business
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Economists' Syndicate Holds Its First Post-Liberation Conference to Discuss Internal Regulation Amendments

The Economists' Syndicate held its first post-liberation conference to discuss amending its internal regulations with representatives from ministries and professional bodies. A proposal was made to rename the syndicate to include new financial professions introduced by the Ministry of Finance, emphasizing the importance of cooperation among ministries and syndicates to develop economic work.

President Sisi Affirms Egypt's Intention to Host International Conference for Early Recovery and Reconstruction of Gaza
Business
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President Sisi Affirms Egypt's Intention to Host International Conference for Early Recovery and Reconstruction of Gaza

President Abdel Fattah El-Sisi held a phone call with Cyprus President Nikos Christodoulides to discuss the ceasefire agreement in Gaza. Egypt intends to host an international conference for the early recovery and reconstruction of the Gaza Strip, with Cyprus expressing full support for the agreement.

Europe to Launch New Digital Entry and Exit System Tomorrow Sunday
Business
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Europe to Launch New Digital Entry and Exit System Tomorrow Sunday

Starting October 12, 2025, Europe will implement the new digital Entry/Exit System (EES) that will transform how travelers from outside the EU enter and exit the Schengen Area, digitally registering non-European visitors in 25 European countries.

German Porsche Considers Tightening Austerity Policy
Business
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German Porsche Considers Tightening Austerity Policy

Porsche has held preliminary talks with the workers' council about tightening austerity measures, including cost reductions and possible layoffs, amid market challenges and a nearly 6% sales decline in 2025.

Iraq and Indonesia Battle to Catch Up with Saudi Arabia
Business
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Iraq and Indonesia Battle to Catch Up with Saudi Arabia

Iraq faces Indonesia in the second round of the Asian World Cup 2026 qualifiers playoff, aiming to join the leading Saudi team. The match takes place at King Abdullah Sports City Stadium in Jeddah, with a win crucial for both Iraq and Indonesia to remain competitive.

Implications of Egypt's Credit Rating Upgrade by S&P: Growth Rate Rises to 4.4% and Exchange Rate Flexibility Support the Rating; Economic Expert: Major Shift in Institutions' View of Cairo; Al-Shafie: Global Market Confidence Returns to Egypt
Business
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Implications of Egypt's Credit Rating Upgrade by S&P: Growth Rate Rises to 4.4% and Exchange Rate Flexibility Support the Rating; Economic Expert: Major Shift in Institutions' View of Cairo; Al-Shafie: Global Market Confidence Returns to Egypt

Standard & Poor's upgraded Egypt's credit rating from B- to B for the first time in 7 years, while Fitch maintained its rating with a stable outlook, reflecting increased confidence in economic reforms and expected growth rates reaching 4.4% in 2025.

Prime Minister Inspects "T&C" Ready-Made Garments Factory in Qalyubia
Business
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Prime Minister Inspects "T&C" Ready-Made Garments Factory in Qalyubia

Prime Minister Mostafa Madbouly inspected the "T&C" ready-made garments factory in Qalyubia, learning about the company's 7,200 jobs, export operations to over 50 countries, and plans for production expansion.

Planning Minister: $4.5 Billion in Concessional Financing for Private Sector under "Nofe" Program
Business
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Planning Minister: $4.5 Billion in Concessional Financing for Private Sector under "Nofe" Program

Egypt's Planning Minister announced $4.5 billion in concessional financing for private sector clean energy projects under the "Nofe" program, enabling development of renewable energy projects with a total capacity of 5.2 gigawatts. Discussions also covered cooperation with the European Bank for Reconstruction and Development and strengthening strategic partnerships.

Energy Minister Discusses Challenges in Progress of Aqaba LNG Port Development Project
Business
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Energy Minister Discusses Challenges in Progress of Aqaba LNG Port Development Project

Jordan's Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh, inspected the Aqaba LNG Port development project and discussed challenges affecting the progress of this strategic energy security project.

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