Latest news with #MostafaMadbouly
See - Sada Elbalad
2 hours ago
- Entertainment
- See - Sada Elbalad
Egypt's PM: June 30 Revolution a Defining Moment in Nation's History
H-Tayea Egyptian Prime Minister Mostafa Madbouly marked the anniversary of the June 30 Revolution with a message of national pride and reflection, calling the historic uprising 'the beginning of Egypt's course correction.' Speaking during a press conference at the opening of the new Bosch home appliance factory in the 10th of Ramadan City, Madbouly extended his congratulations to President Abdel Fattah El-Sisi and the Egyptian people, emphasizing the day's importance. 'This is a deeply cherished occasion for all of us. June 30 marked the beginning of a new path for the Egyptian state,' the Prime Minister said. He also praised the launch of the new industrial project, calling it a 'world-class landmark' for Egypt, and highlighting the government's commitment to economic development and foreign investment. The event was attended by several ministers, the Governor of Sharqia, and the Chairman of the General Authority for Investment. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Middle East
3 hours ago
- Business
- Middle East
OPEN// Egypt set to become regional industrial hub across ME, Africa
10TH OF RAMADAN CITY, Egypt, June 28 (MENA) - Prime Minister Mostafa Madbouly stressed on Saturday that Egypt is on track to becoming a true regional hub for industry in various sectors across the Middle East and Africa, thanks to its success in attracting leading global manufacturers. In a press conference following the inauguration of the Bosch home appliances factory in 10th of Ramadan City, Madbouly extended his greetings to President Abdel Fattah El Sisi and the Egyptian people on the upcoming anniversary of the June 30 Revolution, describing it as a cherished milestone that set Egypt back on the right course. The prime minister noted that the newly inaugurated Bosch facility represents the third major plant in Egypt's home appliances sector, following earlier inaugurations of the Chinese company Haier and Turkey's Beko. He underlined that these achievements were the result of the Egyptian state's proactive approach, personally reaching out to top executives and convincing them of Egypt's strong appeal as an investment destination. Madbouly explained that the government succeeded in granting these companies direct land allocation and the golden license, while removing all obstacles to expedite the establishment of their factories. "As a result, Egypt is not only becoming a center for local manufacturing, but also a strategic industrial hub serving the broader Middle East and Africa." He highlighted that the inauguration of these plants comes amid intensive efforts by the government and daily follow-up by President Sisi, who is deeply committed to advancing Egypt's industrial renaissance. Madbouly added that the Bosch plant was constructed under the highest international standards and currently employs around 1,000 Egyptians who have been trained to deliver products matching the quality of the company's factories worldwide. He pointed out that half of the plant's annual output of 350,000 cookers is earmarked for export, while local components now account for nearly 50% of the product, expected to rise to 70% within two years. (MENA) M S H/M N E
Egypt Independent
6 hours ago
- Politics
- Egypt Independent
When will the June 30 Revolution holiday in Egypt be this year?
Prime Minister Mostafa Madbouly has officially decided to postpone the June 30, 2025 Revolution holiday, announcing that Thursday, July 3, will be an official holiday on the occasion of the June 30 Revolution, replacing Monday, June 30, 2025. This holiday commemorates the day when millions of Egyptians took to the streets in defense of the nation's identity and stability. It is one of the national holidays on which government, public, and private sector employees receive a paid official holiday, in accordance with a decree issued by the Prime Minister. Edited translation from Al-Masry Al-Youm
Yahoo
19 hours ago
- Business
- Yahoo
Israel resumes natural gas exports from Karish and Leviathan gas fields
Israel's Leviathan and Karish natural gas fields have resumed operations after a near two-week shutdown due to regional conflict, reinstating vital energy exports to Egypt and Jordan. The Leviathan and Karish fields, managed by Chevron and Energean, respectively, recommenced operations after a ceasefire was reached between Israel and Iran. The reopening of these fields, which had been closed since 13 June, is set to restore natural gas supplies under existing sales agreements. The move is expected to increase gas exports, raise tax revenues, and provide greater operational flexibility for the electricity and industrial sectors. Earlier this month, Israel recommenced limited natural gas exports, prioritising domestic needs. The cessation of operations at Leviathan led to a loss of $12m (NIS40.62m) in revenue, according to a regulatory filing by Chevron's partners in Leviathan, NewMed and Ratio Energies, reported Reuters. The companies are considering seeking compensation from the state for the production halt. Leviathan, which currently produces 12 billion cubic metres (bcm) of gas annually for Israel, Egypt and Jordan, is projected to increase its output to approximately 14bcm by 2026. Israeli gas is a significant energy source for Egypt, accounting for 15–20% of its consumption, as per the Joint Organisations Data Initiative. The disruption forced Egyptian fertiliser producers to cease operations due to the gas supply shortfall. However, Egyptian Prime Minister Mostafa Madbouly has announced that gas supplies to factories will recommence from Friday, as stated in a cabinet release. According to Egyptian sources, imports from Israel are expected to ramp up gradually, with full operations likely by Saturday. Egypt also imports liquefied natural gas (LNG) for regasification. Currently, only one of the country's three floating storage and regasification units (FSRUs) is operational. The Energos Eskimo FSRU is set to become operational shortly, enhancing Egypt's capacity to regasify imported LNG and integrate it into the national gas grid. "Israel resumes natural gas exports from Karish and Leviathan gas fields" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TimesLIVE
2 days ago
- Business
- TimesLIVE
Egypt to resume gas supply to factories on Friday after halt
Egypt's Prime Minister Mostafa Madbouly said gas supplies will resume to factories on Friday after being halted in recent days because tensions in the Midddle East led to a shortage, a cabinet statement said on Wednesday. Meanwhile, local broadcaster Qnews reported on Wednesday the country has awarded six new oil abd gas blocks, securing $245m (R4.31bn) in exploration investments.
