Egyptian Prime Minister Mostafa Madbouly has reviewed a report from the Federation of Egyptian Chambers of Commerce on the progress of a recent initiative to lower prices on a wide range of goods and services across the country.
The report, reviewed (...)
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), affirmed that Law No. 6 of 2025—covering enterprises with annual revenues not exceeding EGP 20m—marks a key step in the state's drive to support small and micro-enterprises, encourage (...)
Egyptian Prime Minister Mostafa Madbouly on Wednesday defended the government's plan to offer unused state-owned lands for investment in partnership with the private sector, pushing back against criticism that the state was selling off its (...)
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), signed a partnership agreement this morning with Fan Yun, Chairperson of China's Changzhou Ramada, to establish a textile manufacturing facility at the Qantara West Industrial (...)
Uptown 6 October, one of Egypt's leading real estate developers, has announced a strategic partnership with Fawry, Egypt's premier fintech company, to implement a comprehensive electronic payment system for its real estate clients. This (...)
In the heart of Egypt's bustling capital, a fire that broke out late on Monday, July 7, at the iconic Ramses Central building quickly turned into a national emergency. The telecommunications hub—originally inaugurated in 1927 by King Fuad I—was (...)
The Egyptian Tax Authority (ETA) announced on Sunday a set of limited amendments to the Value-Added Tax (VAT) Law, designed to broaden the tax base, correct market distortions, and strengthen the state's capacity to finance increased investments in (...)
Ahmed Essam Seoudy, Managing Director and CEO of TRU Finance, a consumer finance company operating in Egypt, announced that the sector is experiencing robust growth in demand for financing services. Seoudy revealed that the number of customers (...)
Rasha Abdel-Aal, Chair of the Egyptian Tax Authority (ETA), affirmed the authority's commitment to enhancing economic cooperation with countries around the world in a manner that fosters new investments into Egypt's business climate. She underscored (...)
Philip Morris Misr has announced the launch of IQOS ILUMA i in Egypt, the latest and most advanced addition to its portfolio of smoke-free products. As the newest generation of IQOS devices, IQOS ILUMA i underscores PMI's continued commitment to (...)
Nawy, Africa's largest proptech platform, has secured $23m in debt financing from ten of Egypt's top financial institutions. The funding will be used to scale Nawy Now, the company's FRA-licensed mortgage product offering flexible payment plans and (...)
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), announced that the Authority is close to finalising a new regulatory framework to govern the operations of electronic platforms in the real estate sector.
Speaking at the Akhbar (...)
Ayman El-Sawy, Founder and CEO of Bokra Holding, hailed the recent decision to transfer ownership of a vast land plot in the Ras Shokeir area—spanning approximately 174.4 million square meters on the Red Sea coast—from the state to the Ministry of (...)
Egypt's Ministry of Agriculture and Land Reclamation confirmed that there is no shortage of imported or locally produced animal feed ingredients, adding that poultry, meat, and dairy markets are currently stable, as per its statement.
The state is (...)
Egypt's Minister of Supply and Internal Trade Sherif Farouk met with representatives of the Food suppliers and distributors in Giza governorate, the Ration Grocers' Syndicate, and Gamaeiti project to discuss proposed reforms to the country's ration (...)
The US Senate on Wednesday voted down two resolutions that sought to block more than $3 billion in arms sales to Qatar and the United Arab Emirates.
In separate 56–39 votes, senators rejected efforts to halt a $1.9 billion sale of armed drones to (...)
Egypt's Ministry of Industry said Tuesday that Cairo for Investment and Development (CID) is still accepting investor applications in the second phase of offerings at Robbiki Leather City for 36 ready-to-use units for leather goods (...)
Egypt's Minister of Supply and Internal Trade Sherif Farouk met with Secretary of India's Ministry of Consumer Affairs, Food and Public Distribution Nidhi Khare on the sidelines of the UNCTAD conference in Geneva, held from July 6 to 11, 2025.
The (...)
Egypt and China are advancing financial and digital ties as their central bank governors witnessed the signing of three agreements during a high-level meeting in Cairo on Thursday, the Central Bank of Egypt (CBE) said in a statement.
CBE Governor (...)
Egypt's Minister of Industry and Transport Kamel El-Wazir granted a one-month grace period to all cement factories nationwide to restart all idle production lines, the Cabinet said on Wednesday. The move aims to meet domestic demand and ensure (...)
Egypt is launching a new initiative offering expatriates the chance to own and develop fully serviced farmland as part of a flagship desert reclamation programme, the chairman of the Egyptian Countryside Development Company announced Tuesday.
The (...)
The average price of property coming to the UK market fell by a seasonal 1.3 per cent, or £4,969, in August to £368,740, property website Rightmove said on Monday.
The drop is in line with the ten-year average, following sharper-than-usual declines (...)
Hyundai Motor sold its entire stake in Indian carmaker Ola Electric, while fellow South Korean carmaker Kia reduced its holding, in a combined share sale totalling 6.89 billion Indian rupees ($80 million), according to stock exchange data.
Hyundai (...)
China said on Monday the United States is "seriously violating" a trade truce between the two countries, days after a similar accusation was levelled at Beijing by US President Donald Trump, signalling renewed tension between the economic powers, (...)
Egypt will offer 1,800 fully serviced industrial land plots across 20 governorates nationwide in early June as part of efforts to attract private investment, deepen local manufacturing and accelerate export-led growth, the Ministry of Industry said (...)
