馃嚜馃嚞EgyptNorth Africa
Egypt positioned to attract increased American investment, says Minister Plenipotentiary
via Egypt Today2 min read
Egypt offers favorable opportunities to attract more American investments, particularly in sectors like renewable energy, information technology, agricultural manufacturing, mining, and financial and logistical services, according to Yahya Al-Wathiq Billah, the Minister Plenipotentiary for Economic and Commercial Affairs in Washington, D.C. He noted that the United States is a significant trading partner for Egypt, with trade exchange increasing by approximately 40 percent last year. Egypt is working to enhance its competitiveness to boost exports to international markets, especially the American market, while considering global developments affecting supply chains. The Egyptian market provides an opportunity for major companies to mitigate disruptions in international supply chains, with a focus on localizing industry and increasing local components in the automotive sector. The Minister of Investment and Foreign Trade, Dr. Mohamed Farid Saleh, recently reviewed incentives and structural reforms at a U.S. Chamber of Commerce roundtable. He also held discussions with the Secretary-General of the International Fund for Agricultural Development and the Director-General of the European Investment Bank to enhance cooperation and development financing, particularly for industrial development and investment zones. Egypt is committed to removing investor obstacles and encouraging the private sector.
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Egypt Today.
Egypt's Minister of Foreign Affairs Badr Abdelatty announced Egypt's readiness to host Mozambican President Daniel Chapo later this year to initiate a new phase of bilateral development partnership. Speaking at a joint press conference with Mozambican Foreign Minister Maria Manuela Lucas, Abdelatty highlighted plans to expedite the third session of the Joint High Commission and finalize pending memorandums of understanding. He emphasized Egypt's commitment to sharing expertise in infrastructure, housing, roads, agriculture, and water management with Mozambique. Abdelatty also announced an upcoming Egyptian medical mission and a strategic $300 million project to establish a pharmaceutical logistics and manufacturing hub in Mozambique to supply Southern Africa. On security, Egypt pledged support for Mozambique's counterterrorism efforts, including military and security coordination. Egyptian religious institutions will expand scholarships and training for Mozambican imams to counter extremist ideology. The ministers agreed on resolving conflicts through peaceful diplomacy. Abdelatty also informed Lucas about Cairo's preparations to host the African Union Mid-Year Coordination Meeting and an African Business Forum in New Alamein on October 4.
Must ReadEgypt has strongly condemned what it described as a "heinous Iranian attack" on a power generation and water desalination plant in Kuwait. In a statement issued on Sunday, July 19, 2026, by the Ministry of Foreign Affairs, International Cooperation and Egyptian Expatriates, Egypt characterized the incident as a direct attack on a vital civilian facility, a flagrant violation of Kuwait's sovereignty, and a dangerous escalation that threatens the security and stability of the Gulf region, further heightening regional tensions. Egypt affirmed its full solidarity with Kuwait and expressed support for all measures taken to preserve its security, stability, and vital facilities. The statement renewed Egypt's categorical rejection of attacks on civilian facilities and vital infrastructure, emphasizing that such actions pose a direct threat to civilian security and regional stability. Egypt called for the immediate cessation of all escalatory actions and for prioritizing diplomatic solutions to preserve regional security and stability and spare its peoples further tension and escalation.
The Supreme Council of Al-Azhar, Egypt's highest Sunni institution led by Grand Imam Ahmed Al-Tayeb, has approved the creation of Al-Azhar Institute for Arabic Calligraphy and Ornamentation. This institute will function under the specialized education system of the Al-Azhar Institutes Sector. The initiative is part of Al-Azhar's strategy to train specialists in Arabic calligraphy and Islamic ornamentation, combining academic study with practical training. It also aims to revive this Arab art, preserve cultural heritage, and instill aesthetic values in younger generations. The institute's academic program will be three years long, leading to an intermediate technical qualification in Arabic calligraphy and ornamentation. Exceptional students can pursue an additional two years of study to earn a specialized certificate equivalent to a post-secondary qualification. Admission requires an Al-Azhar preparatory certificate or equivalent, along with passing written and oral entrance exams and a personal interview.