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Egypt's Prime Minister invites Finnish firms to explore investment opportunities
via Egypt Today2 min read
Prime Minister Mostafa Madbouly participated in the Egypt–Finland Business Forum in Cairo, held under the patronage of Finnish President Alexander Stubb. Madbouly highlighted the strong ties and growing economic cooperation between the two nations, emphasizing shared ambitions for innovation, sustainability, and long-term growth. He noted Finland's leadership in digital transformation, education, and green technology, while presenting Egypt as a strategic entry point to the Middle East and Africa, supported by a young population and extensive infrastructure development. Madbouly detailed Egypt's structural reforms to improve the business environment, including strengthening investment protection, streamlining business setup, and expanding infrastructure, particularly through the Suez Canal Economic Zone. He also underscored Egypt’s commitment to green transformation, aligning with Finland’s strengths in renewable energy and circular economy solutions. The Prime Minister encouraged Finnish companies to explore opportunities in digital transformation, information and communications technology, clean energy, water, education, healthcare, and manufacturing, citing prospects in 5G, artificial intelligence, green hydrogen, desalination, waste-to-energy, and joint industrial projects. He mentioned Egypt’s trade agreements, including the African Continental Free Trade Area, providing access to a market of 1.3 billion consumers. Madbouly reiterated the government's commitment to partn
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Al Ahly has announced the departure of coach Jess Thorup by mutual consent, following a season that saw the Egyptian club finish below expectations. Thorup, 56, who was appointed in October on a two-and-a-half-year deal, signed a settlement agreement after receiving his full contractual dues. While he led Al Ahly to the Egyptian Super Cup title with a 2-0 victory over Zamalek, the team's performance declined in the latter part of the campaign. Al Ahly concluded the league in third place, missing out on qualification for next season’s African Champions League and instead securing a spot in the Confederation Cup. The club was also eliminated in the quarter-finals of the continent's premier club competition.
Maria Zakharova, spokesperson for the Russian Foreign Ministry, commended Egypt's diplomatic efforts and its significant regional role, particularly in securing a ceasefire in Gaza. Speaking at the St. Petersburg International Economic Forum SPIEF 2026, Zakharova highlighted Egypt's strength and influence in the Middle East. She affirmed Russia's openness to global cooperation, emphasizing the importance of the Arab region and the shared, long-standing special relationship between Moscow and Cairo. Zakharova noted that Egypt's policies align with the will of its people, fostering strong opportunities for international cooperation, an approach similar to Russia's.
Must ReadU.S. President Donald Trump stated that significant progress has been made in negotiations with Iran, with the primary goal being to prevent Tehran from acquiring nuclear weapons. A key provision of any future agreement would be the immediate reopening of the Strait of Hormuz to maritime traffic, which Trump described as crucial for regional stability. He expressed confidence that the U.S. will achieve its objectives with Iran, through negotiations or other methods. Trump also mentioned that he had previously rejected the option of deploying special forces to seize Iranian nuclear materials to avoid past U.S. administration scenarios. While not currently seeking a meeting with Iran’s Supreme Leader, Trump did not rule out such a meeting if a final agreement is reached.
Egypt's Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad, Badr Abdelatty, met with members of Japan’s House of Representatives and House of Councillors, including the Egypt-Japan Parliamentary Friendship Association, during his visit to Tokyo. Minister Abdelatty highlighted the rapid development of Egyptian-Japanese relations since their elevation to a strategic partnership in 2023, noting increased high-level visits and cooperation. He emphasized the importance of parliamentary cooperation and expressed hope for reciprocal parliamentary visits, inviting the association to visit Egypt. Abdelatty also acknowledged Japan’s support for major development projects in Egypt, such as the Grand Egyptian Museum, the Egyptian-Japanese partnership in education, and the Cairo Metro Line 4 project. He reviewed economic reforms in Egypt, stressing the enhanced competitiveness of the national economy and encouraging Japanese companies to invest in promising opportunities, particularly in the Suez Canal Economic Zone. The meeting also included discussions on regional developments in the Middle East, including the Gaza Strip, Iran, Syria, Yemen, Lebanon, and Egypt’s water security. Kuniko Inoguchi, a member of the Japan-Egypt Parliamentary Association, conveyed remarks on behalf of former Japanese Prime Minister Taro Aso, praising the historical ties and strategic partnership between the two nations and affirming the association's commitment to strengthening bilate