Minister of Finance, Mohamed Maait, announced that the deadline for the tax-free car import initiative for Egyptians abroad has arrived. There are no plans to extend the deadline further.
Maait clarified that the crucial factor was the date of (...)
Main Marks Developments has entered into a strategic cooperation agreement with Misr Company for Property Investment and Project Management. The agreement pertains to the commercial section of the MORAY project under the usufruct system. (...)
The Arab African International Bank (AAIB) and the National Bank of Egypt (NBE), as lead arrangers, have collaborated with other prominent financial institutions to increase the joint loan provided to Roya Developments. The loan amount has been (...)
The Central Bank of Egypt (CBE) has disclosed that Egypt's foreign trade volume during the first quarter of fiscal year 2023/24 reached $24.595bn. Of this total, approximately $16.269bn represents imports, while $8.325bn corresponds to exports.
In a (...)
Egypt's Minister of International Cooperation, Rania Al-Mashat, has arrived in Riyadh, Saudi Arabia, to attend a special meeting of the World Economic Forum (WEF) on April 28 and 29.
Themed "Global Collaboration, Growth and Energy for Development," (...)
Siemens Mobility, in collaboration with its consortium partner Hassan Allam Construction, proudly announces the award of the Abu Dhabi–Sohar Design and Build Railway Systems and Integration contract by Oman–Etihad Rail. This joint venture, co-owned (...)
SODIC, Egypt's leading real estate developer, and Nobu, the renowned luxury lifestyle brand known for its iconic 41 hotels, 77 restaurants, and 12 residences, have officially signed an agreement for the development of Nobu Hotel and Restaurant East (...)
Egypt's prominent real estate developer, The Land Developers (TLD), has officially unveiled Laguna, the latest expansion of the il Bayou project in Sahl Hasheesh, Red Sea. This ambitious venture represents a substantial investment of EGP 2bn. The (...)
Nasser Social Bank has introduced personal financing options for employees working in major private sector companies and other banks. The bank aims to attract new customer segments and simplify their financial lives.
Nevine El Kabbaj, Minister of (...)
The United States will withdraw most of its troops stationed in Chad and Niger, according to the Pentagon. This move comes amid growing tensions and a shift in allegiances within the Sahel region.
"We have to adjust sometimes based on the dynamics (...)
Young Africans have been urged to play a more active role in reforming the United Nations system to strengthen global cooperation and secure their own futures.
This call to action came from Felipe Paullier, the Assistant Secretary-General of Youth (...)
The African Union (AU) is expressing deep concern about the worsening humanitarian and security situation in El Fasher, North Darfur, Sudan.
AU Commission Chairperson Moussa Faki Mahamat warned on Friday that a significant buildup of fighters and (...)
A new report, "Grounded in Tradition, Looking to the Future: Understanding Next-Generation Philanthropy in the Middle East," reveals a significant shift in how younger philanthropists in the region are approaching giving. The research, conducted by (...)
Soha Gendi, the Minister of State for Emigration and Egyptian Expatriates' Affairs, has announced that the tax-free car import initiative for Egyptians abroad will conclude on Sunday, 28 April.
The decision to extend the initiative previously was in (...)
Egypt's Minister of Planning and Economic Development, Hala El-Said, participated virtually in a high-level session at the United Nations Economic and Social Council's Financing for Development Forum. The session's theme was "Enhancing Inclusive (...)
Minister of Housing, Utilities, and New Urban Communities, Assem El-Gazzar, announced that New Beni Suef city recently hosted a delegation of Chinese investors. The purpose of their visit was to discuss potential Chinese investments in the city, as (...)
The Tourism Development Authority has increased allocations for joint campaigns with professional partners, including tour operators and airlines. Additionally, aviation incentives provided by the Ministry of Aviation aim to maintain movement and (...)
Egyptian Prime Minister Mostafa Madbouly is set to depart for Riyadh, Saudi Arabia, on Saturday evening to represent President Abdel Fattah Al-Sisi at the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for (...)
Egypt's Minister of Water Resources and Irrigation, Hani Sweilam, actively participated in the opening session of the "Fourth Baghdad International Water Conference." The conference was held under the slogan "Towards a Better Water Future... Better (...)
EFG Hermes, a leading investment bank in the Middle East and North Africa (MENA), has announced that EFG Hermes ONE, its online trading platform, has achieved a significant milestone. It is now the first financial platform in Egypt to receive (...)
AstraZeneca Egypt has announced its collaboration with the Ministry of Health and Population to inaugurate a campaign focused on early detection and treatment of hepatocellular carcinoma (HCC), one of the most common types of primary liver cancer in (...)
The Housing and Development Bank (HDB) has forged a strategic partnership with the ElSewedy Foundation to establish and inaugurate the El Sewedy and HDB Technical Academy in Sadat Industrial City, Menoufeya. The inauguration of this academy aims to (...)
New research from the International Center for Biosaline Agriculture (ICBA) offers hope for sustainable date production in arid regions. The study, published in Frontiers in Sustainable Food Systems, found that certain common date palm varieties can (...)
Amr El-Samadouni, Secretary-General of the International Transportation and Logistics Services Division at the Cairo Chamber of Commerce, emphasizes the critical role of maritime transportation in Egypt's economic development. The state's commitment (...)
Egyptian Foreign Minister Sameh Shoukry and Josep Borrell, the European Union's High Representative for Foreign Affairs and Security Policy, convened on Sunday to address the pressing Gaza crisis.
This came on the sidelines of the World Economic (...)