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Egypt, Algeria sign MoUs in finance, energy, housing, consumer protection

Businessmen Team news 26 November 2025 09:57 PM
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Egypt, Algeria sign MoUs in finance, energy, housing, consumer protection

Prime Minister Moustafa Madbouly witnessed today the signing of several cooperation documents with Seifi Gharib, Prime Minister of the People’s Democratic Republic of Algeria. The ceremony supported joint efforts to enhance bilateral cooperation after the two leaders chaired in Cairo the ninth session of the Egypt Algeria High Joint Committee.

Madbouly attended the ceremony at the government headquarters in the New Administrative Capital, where a Memorandum of Understanding was signed between the National Accreditation Council of the Arab Republic of Egypt and the Algerian Accreditation Authority of the People’s Democratic Republic of Algeria. The document was signed by Kamel Al Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, and by Yahia Bechir, Minister of Industry of Algeria.

He also followed the signing of a Memorandum of Understanding between the two governments in housing, urban development and city development. The document was signed by Rania Al Mashat, Minister of Planning, Economic Development and International Cooperation, and by Mohamed Tarek Belaribi, Minister of Housing, Urban Development, the City and Urban Planning of Algeria.

Madbouly witnessed the signing of another Memorandum of Understanding between the Agricultural Research Center in Egypt and the National Higher School of Agricultural Engineering in Algeria. The document was signed by Rania Al Mashat on behalf of Egypt and by Yacine El Mahdi Oualid, Minister of Agriculture, Rural Development and Fisheries of Algeria.

Prime Minister attended the signing of a Memorandum of Understanding on participation in international exhibitions and markets. The agreement was signed between the Egyptian General Authority for Exhibitions and Conferences and the Algerian Company for Exhibitions and Export. It was signed by Hassan El Khatib, Minister of Investment and Foreign Trade, and by Yahia Bechir, Minister of Industry of Algeria.

Madbouly oversaw the signing of a Memorandum of Understanding on financial dialogue between the Ministry of Finance of Egypt and the Ministry of Finance of Algeria. The document was signed by Ahmed Kouchouk, Minister of Finance, and by Abdelkarim Bouzred, Minister of Finance of Algeria.

He also witnessed the signing of a cooperation agreement between the two governments in energy transition and new and renewable energy. The agreement was signed by Mahmoud Esmat, Minister of Electricity and Renewable Energy, and by Mourad Adjal, Minister of Energy and Renewable Energies of Algeria.

Madbouly concluded the ceremony by witnessing the signing of a Memorandum of Understanding in consumer protection. It was signed by Ibrahim El Seginy, Head of the Consumer Protection Agency, and by Mohamed Mezghache, Director General of Economic Control and Fraud Suppression at the Ministry of Domestic Trade and National Market Regulation of Algeria.