Latest news with #EgyptianState
Middle East
10-07-2025
- Business
- Middle East
OPEN// Cabinet denies PM's intervention in raising land price to UAE investor
CAIRO, July 10 (MENA) - Cabinet Spokesman Mohamed El Homsany has reaffirmed Egypt's deep welcome to Emirati nationals, both investors and visitors, highlighting that Emirati investors have pumped billions of dollars into the Egyptian economy, achieving remarkable success and unprecedented profits in their ventures. In a statement on Thursday, Homsany firmly denied reports alleging that Prime Minister Mostafa Madbouli intervened to raise the price of a plot of land that Emirati businessman Khalaf Al Habtoor intended to purchase in Egypt's North Coast from $10 million to $30 million. He clarified that inquiries were made with all government authorities holding jurisdiction over North Coast lands, and they all confirmed that they had not received any requests from Al Habtoor to acquire land. "This claim is entirely baseless and fabricated. Even if the businessman intended to purchase land from private citizens, why would the Prime Minister interfere to set a price?' El Homsany added. He stressed the rules governing land acquisition for investment, whether in the North Coast or elsewhere, are clearly defined by the relevant authorities and are not subject to any interference by officials. For his part, Khalaf Al Habtoor responded in a post on his X account, saying: "I followed with interest the statement issued by the Egyptian Cabinet regarding what was published about a plot of land in the North Coast offered to me for purchase. Unfortunately, what was relayed to me was exactly as I stated in my interview. We thank the Cabinet for this clarification," Habtoor said. "I am pleased to see the Egyptian State's keenness to transparently clarify facts, which reflects the strength of institutions and the clarity of laws and mechanisms in Egypt. I reaffirm my enduring affection and appreciation for Egypt and its people, and my belief in the positive prospects for cooperation and investment between us, built on mutual respect, transparency, and trust," he added. "Today's clarification sends a positive message that further strengthens my confidence that Egypt was a nation of institutions and committed to providing a fair, transparent, and open investment climate. I reiterate my thanks and wish Egypt continued success and progress under its wise leadership," the Emirati investor concluded. (MENA) M S H/M R E
Watani
16-03-2025
- General
- Watani
Happy Egyptian Woman's Day
In Egypt, the month of March marks an extended, joyous celebration of women. First comes 8 March, International Women's Day; close on its heels comes 16 March, Egyptian Woman's Day, followed by the day especially close to Egyptians' hearts: Mothers Day on 21 March. Egyptian woman's day comes on 16 March, a date that was set to commemorate the first female demonstration ever in Egypt, when women left their homes and took to the streets to support the 1919 nationalist Revolution. Led by the founders of the feminist movement in Egypt, Hoda Shaarawi; and Safiya Zaghloul, wife of Egypt's national leader Saad Zaghloul, some 300 Egyptian women took part in a national demonstration against the British occupation of Egypt; the young female demonstrator Hameida Khalil lost her life. Given that those were days when women were, and had for long centuries been confined to their homes, never allowed in public, the event was in itself revolutionary. It heralded in a new age for women when they could honourably be in the public eye, building their country hand in hand with their fellowmen, and maturing into citizens with full citizenship rights—and duties. Today, women are being actively empowered by the Egyptian State. Painting by Wagdy Habashy Comments comments
Egypt Today
05-03-2025
- Business
- Egypt Today
Egyptian amb. in Riyadh confirms Cairo's interest in attracting more Saudi investments
Egyptian Ministry of Foreign Affairs - file CAIRO - 5 March 2025: Egypt's ambassador in Riyadh Ehab Abu Srei asserted Cairo's interest in attracting more Saudi investments especially in the industrial and mining fields. The Egyptian ambassador underlined keenness of Egyptian government on removing obstacles facing Saudi investors in Egypt. During Abu Srei's meeting Wednesday with Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef, the Egyptian ambassador highlighted structural and comprehensive reforms and facilities taken by the Egyptian State to improve the investment atmosphere. For his part, the Saudi minister pointed out to the importance of relations between both countries, especially in light of crucial circumstances taking place in the region. Alkhorayef said cooperation between Egypt and Saudi Arabia in the industrial field is an example to follow. Both countries work on achieving full industrial integration especially in the sectors of mining, car industry, medicines and food industries, he added.
