OPEN// PM reiterates Egypt's backing of reform measures in Tunisia
Madbouli made the comments during his meeting on Monday with Tunisian Prime Minister Sarra Zaafrani, on the sidelines of their participation in the 4th International Conference on Financing for Development (FfD4), which is held from June 30 to July 3 in Seville, Spain.
The premier expressed Egypt's appreciation of the distinguished relations with Tunisia, citing the identical views of the two countries' political leaderships with regard to the most prominent common challenges at the domestic, regional and international levels.
On her part, the Tunisian prime minister commended the great achievements witnessed by Egypt in the urban development field, which was exemplified in the construction of the New Administrative Capital and other mega projects.
Zaafrani underlined the importance of promoting Tunisian-Egyptian relations to higher prospects.
Madbouli said Egypt looks forward to strengthening ties with Tunisia, especially as the upcoming session of the Egyptian-Tunisian Joint High Committee is set to convene in Cairo in September under the leadership of both countries' prime ministers.
He also voiced Egypt's hope for holding a joint business forum on the sidelines of the Egyptian-Tunisian Joint High Committee meeting, with the participation of senior businessmen and representatives of business associations, industrial federations and chambers of commerce from both countries, with the aim of enhancing trade exchange and joint investments. (MENA)
M R E/R E E
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily News Egypt
an hour ago
- Daily News Egypt
Philip Morris Misr announces new price list effective 1 July
Philip Morris Misr has announced updated prices for its full range of tobacco products, including its heated tobacco lines HEETS and TEREA, as well as conventional cigarettes under the Merit, Marlboro, and L&M brands, effective from 1 July 2025. The company affirmed that the new pricing is transparently communicated to adult smokers and nicotine users through QR codes printed on cigarette and heated tobacco packaging—an initiative launched in 2022 to ensure price transparency. Ali Nevzat Karman, Managing Director of Philip Morris Egypt and Levant, stated: 'Philip Morris Misr continues to work diligently to meet the needs of adult smokers and nicotine users in the Egyptian market, while supporting the company's ambitious vision of a smoke-free future.' The updated retail prices (per pack) are as follows: Merit (all variants): EGP 105 Marlboro (all variants): EGP 97 Marlboro Crafted (all variants): EGP 79 L&M (all variants): EGP 76 TEREA (all variants): EGP 76 TEREA Capsules (all variants): EGP 80 HEETS (all variants): EGP 69 Philip Morris Misr has called on retailers and distributors across the country to adhere strictly to the newly declared prices. Philip Morris International (PMI), the parent company of Philip Morris Misr, is a leading global consumer goods firm focused on delivering a smoke-free future. The company is transforming its portfolio to include a growing range of smoke-free alternatives, as well as exploring products beyond the tobacco and nicotine sectors. As of 31 December 2024, PMI's smoke-free products were available in 95 markets and used by an estimated 38.6 million adult consumers worldwide. Smoke-free products accounted for 42% of the company's total net revenues in the first quarter of 2025.


Daily News Egypt
an hour ago
- Daily News Egypt
MSMEDA allocates EGP 400m to support micro enterprises via Tasaheel
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has signed a new microfinance contract worth EGP 400m with Tasaheel for Small, Medium and Micro Enterprise Finance, aiming to expand funding for micro-scale projects across Egypt. The agreement was signed by Nevine Badr El-Din, Head of the Central Microfinance Sector at MSMEDA, and Mounir Nakhla, Chairperson of Tasaheel, in the presence of MSMEDA CEO Bassel Rahmy and Deputy CEO Mohamed Medhat. Rahmy affirmed MSMEDA's ongoing efforts to broaden access to microfinance through partnerships with a wider network of microfinance institutions. This initiative, he said, supports self-employment and the establishment of productive, sustainable businesses that generate decent job opportunities. He explained that the contract is designed to finance both newly established and existing micro-enterprises, helping them to expand, upgrade operations, and purchase equipment. This, in turn, is expected to contribute to increased productivity and job creation—both permanent and temporary—across various sectors. According to Rahmy, the agreement is projected to finance around 8,000 micro-enterprises, with average funding estimated at EGP 266,000 per project, depending on the specific needs of each enterprise. Funds may be used for working capital or investment in fixed assets such as machinery. He noted that this initiative is part of MSMEDA's broader 2025 strategy to scale up micro-enterprise financing, a critical driver of employment generation in Egypt. It aligns with the directives of Prime Minister Mostafa Madbouly, who chairs the agency's board, to increase the sector's contribution to the national economy—particularly in local manufacturing and agriculture. Mounir Nakhla expressed pride in Tasaheel's continued partnership with MSMEDA, describing it as a successful model of public-private cooperation aimed at empowering micro-entrepreneurs. 'This agreement will help improve the quality of life for Egyptian families by creating sustainable jobs across governorates and driving inclusive economic development,' he said. Nevine Badr El-Din highlighted the success of previous contracts between the two parties. The first agreement, signed in 2017, financed 2,257 micro-enterprises with a total value of EGP 28m, with women representing 52% of beneficiaries. Under the second agreement in 2022, approximately 37,459 micro-enterprises received a combined total of EGP 307m, again with over 50% of the recipients being women.


Economic Key
3 hours ago
- Economic Key
Rock Developments launches Rock Green project in New Heliopolis
Rock Developments has announced the launch of its latest project, Rock Green, with total investments reaching EGP 7bn. Spanning over 17 feddans in a strategic location in New Heliopolis City, the project aligns with the company's expansion vision and strategic plans to diversify its portfolio. The announcement was made during a press conference held at Triumph Hotel in Fifth Settlement, attended by company officials, partners, and a select group of journalists and media representatives. Eng. Emad Doss, CEO of Rock Developments, stated that Rock Green marks a new milestone in the company's journey to develop fully integrated urban communities. The project reflects the company's vision to offer residential spaces focused on quality of life and luxury, with over 85% of the land dedicated to green areas, alongside a full suite of amenities tailored to meet diverse customer needs. Doss said that the project enjoys a prime strategic location—just one minute from Suez Road, three minutes from El Shorouk City, seven minutes from Madinaty, 15 minutes from Fifth Settlement, and 30 minutes from Cairo International Airport. It is also located near Belvedere School, the International Medical Center, and Royal Hospital, placing it at the heart of a wide range of essential services. He noted that Rock Developments is committed to perfecting every aspect of its projects before launch to ensure they meet the expectations of their target clients. He described the customer as a core partner in the company's success, adding that Rock Green has been thoughtfully designed to stand out as a signature development in New Heliopolis. Doss added that the project includes over 466 units ranging from 116 to 236 sqm, along with 40 private villas and will be launched in three phases. Engineer Parthena Doss, board member at Rock Developments, is overseeing the architectural design of the Rock Green project, leveraging her strong academic foundation and hands-on design experience. The company is targeting EGP 1.5bn in sales from the project's first phase, expecting robust demand driven by a growing appetite for premium real estate offerings in Egypt. She revealed that Rock Developments holds a land portfolio exceeding 5 million sqm, comprising over 20,000 units across 10 projects, with a total investment value surpassing EGP 20bn. The company is also the largest developer in Sheraton Heliopolis, with more than 70 residential and commercial buildings. It operates as a joint Egyptian-Canadian developer with over 45 years of experience in the local market. Rock Developments offers a diverse residential portfolio, including Rock Green and Rock White in New Heliopolis, Rock Yard in Sheraton, Rock Eden in 6th of October, Rock Ville in Obour, and Rock Vera in New Cairo. On the commercial and administrative side, its projects include Rock Capital 1 in New Administrative Capital, Rock Gold Mall in New Cairo, and multiple plazas across Obour, October, and Sheraton. Rock Developments is set to roll out five new projects in the second half of the year, targeting key areas across East and West Cairo as well as the New Administrative Capital. Leading this expansion is its flagship development, Rock Green, located in New Heliopolis. Parthena Doss stated that Rock Green is designed around a simple philosophy: true comfort begins at home. 'At the New Heliopolis, we aim to create a fully integrated lifestyle that blends modern living with the serenity of nature,' she said, highlighting the project's focus on peaceful, well-balanced residential spaces. The green spaces in the project extend over more than 85% of the total area. It features a central park covering 20,000 sqm, and 600 sqm of water features. The compound includes semi-finished apartments and villas, averaging around 150 sqm in size. Payment plans extend up to 8 years, The first phase is expected to be delivered in 2029. Rock Green was carefully designed in a prime location near New Heliopolis' main gate to offer a quiet, integrated lifestyle. All units overlook green areas, which make up 85% of the total land, and the absence of commercial units ensures privacy and serenity. The Rock Green compound boasts numerous distinguished services, including an Olympic walking and jogging track, a gym, social areas, electric vehicle charging station, dedicated bicycle parking, a luxurious entrance, a yoga space, an outdoor workspace, a quiet reading area, a large central park, a kids area, a closed dog park, and various community spaces. The company aims to achieve EGP 5bn in contracted sales this year as part of its expansion strategy, which includes launching five diverse residential, commercial, and administrative projects in key strategic locations. تم نسخ الرابط