The Deputy Prime Minister for Economic Affairs, Hossam Issa, confirmed on Monday, July 6, 2026, the government's commitment to strengthening cooperation with leading global companies and attracting investments to support sustainable economic growth.
The Deputy Prime Minister for Economic Affairs, Hossam Issa, confirmed on Monday, July 6, 2026, the government's commitment to strengthening cooperation with leading global companies and attracting investments to support sustainable economic growth.
During the meeting in the New Capital with a delegation from Ernst & Young (EY) in the Middle East and North Africa (MENA), Issa stated that the government is working to improve the business environment, stimulate both local and foreign investment, and expand the role of the private sector in the economy.
The meeting covered EY's intentions to expand its operations in Egypt by providing a broader range of consulting services in the areas of business, finance, technology, and digital solutions from the country. Furthermore, Issa was briefed on the government's economic reform program, which includes efforts to enhance the efficiency of economic bodies and state-owned enterprises, strengthen governance, and implement performance-based budgeting to increase the effectiveness of public spending.
For his part, Omar Edda, Head of Consulting at EY MENA, characterized Egypt as a strategic market for the company, noting the presence of a skilled workforce, developed digital infrastructure, and favorable geographical location.
The Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates, Badr Abdelaty, held a phone conversation with the Saudi Arabian Foreign Minister, Prince Faisal bin Farhan Al Saud, on Sunday, June 28, 2026.
Both ministers affirmed the depth of strategic ties between Egypt and Saudi Arabia. They emphasized their commitment to further strengthening bilateral cooperation in various fields, which will serve the interests of both countries and their peoples.
Furthermore, they exchanged views on regional events, stressing the importance of utilizing the momentum created by the signing of the memorandum of understanding between the US and Iran to consolidate efforts to reduce tensions and conflicts.
The ministers particularly noted the necessity of ensuring the security of Gulf states as an integral part of Arab national security. They also insisted on ensuring freedom of navigation in accordance with international law and refraining from any unilateral measures that could disrupt international maritime transport or global trade.
The discussions also covered the development of the situation in Lebanon, the Palestinian issue, and the Red Sea situation, consistent with the two countries' general position on these issues. In conclusion, the ministers agreed to maintain close consultation and coordination in the coming period to support the foundations of regional stability and security, as well as to strengthen joint Arab actions in addressing current challenges.
