Dear Esteemed Members,

Welcome to this edition of our newsletter. It has been some time since I last provided an update on the exciting developments within our organization.

Regarding our economic situation, we are continually seeking to expand our trade opportunities, open new markets, and enhance bilateral relations between Egypt and the global community.

In line with this objective, I am pleased to announce the upcoming CEBC trade mission to Canada in April 2025. We are coordinating this initiative in collaboration with the Ministry of Foreign Affairs to visit Toronto, Ottawa, and Montreal.

I would like to take this opportunity to reaffirm our commitment to our mission and express our appreciation to all our members for their ongoing support of our organization. Together, we anticipate achieving significant progress in our endeavors.

Sincerely,

The health file in Egypt has received great attention from the political leadership over the past years, which was evident in the significant increase in health allocations, and the launch of a package of initiatives and projects to improve the health system and improve the quality of services provided to citizens, in addition to expanding the comprehensive health insurance system, and expanding the participation of the private sector. . However, despite the great successes witnessed by the health system in the recent period, there are many challenges that still face the continuation of development plans, most notably financing, weak infrastructure, and a shortage of medical personnel in light of the population increase.

The Egyptian state is making great strides and efforts to achieve sustainable development goals and boost growth rates, as it has taken many plans and initiatives to develop the economy and stimulate and attract foreign investments. The government is cooperating with many international development partners to achieve these goals, according to an ambitious national strategy that covers various sectors and fields in order to support development and enhance the role of the private sector.

Within this frame of reference, Canada Egypt Business Council and the Egyptian Council for International Cooperation held a committee meeting addressing "The Strategic Role of International Partners in Supporting Development and Enhancing the Role of the Private Sector in Egypt". 

In his opening remarks, Mr. Motaz Raslan chairman of CEBC and ECIC welcomed the forum guests: Mr. Saad Sabrah;Country Head – Egypt International Finance Corporation, Ms. Mayada Magdy Ragheb;Country Senior Representative Japan International Cooperation Agency, Ms. Wala El Husseiny; Country Director UN Global Compact Egypt and Dr. Hanaa El Helaly; Executive Director “Al Kheir Microfinance” Chair – CEBC International Cooperation Committee. He explained that the discussion would revolve around the role of international development partners in supporting development and enhancing the role of the private sector in Egypt. 

The Egyptian Stock Exchange adopted an ambitious strategy, which included the development of registration rules, trading and encouraging new proposals, as well as strengthening international relations, with the aim of attracting local and foreign investments and helping companies to provide the necessary funding for expansion and growth in a way that reflects positively on increasing employment rates and developing the national economy.

The Egyptian Stock Exchange has become an important platform for financing and investment, especially in light of the great rise in all its indicators during the past months.

In this context, Canada Egypt Business Council and the Egyptian Business Council for International Cooperation held a forum entitled: “The Egyptian Stock Exchange: Renewed Investment Horizons” featuring; Mr. Ahmed El Sheikh; Chairman, The Egyptian Exchange. 

The world is experiencing many crises and rapid changes as a result of geopolitical tensions, slow growth rates, and the risks of climate change, which impose major challenges on various economies around the world, especially in light of rising global inflation and energy challenges. The Egyptian government has adopted a package of strategies and plans over the past years to reduce the effects of these repercussions on the economy, but despite these efforts, the Egyptian economy still faces some challenges that require searching for new and innovative solutions, so that it can withstand these crises.

In this context, Canada Egypt Business Council and the Egyptian Business Council for International Cooperation held a forum entitled: “Managing the Economy in a Changing World” featuring; Dr. Mahmoud Mohieldin; UN Special Envoy for Financing Sustainable Development.