Electricity minister reviews progress on Dabaa nuclear power plant
Mahmoud Esmat, Minister of Electricity and Renewable Energy, met with Sherif Helmy, Chairperson of the Nuclear Power Plants Authority (NPPA), and Osama El Metbouly, Head of the Ministry’s Security Sector, to review implementation of the physical protection plan, developments related
Gold erases 2026 gains in Egypt amid global market pressure
Gold prices in Egypt fell sharply on Tuesday, pressured by a steep decline in global bullion markets and the continued stability of the Egyptian pound against the US dollar, pushing the precious metal to its lowest level since the start
Ministry of Justice partners with Sahl to expand e-payment services
The Ministry of Justice has signed a cooperation protocol with Sahl, Egypt’s premier mobile bill payment app, to enable e-payment and collection of ministry-related fees and services through the company’s nationwide payment network. The agreement seeks to simplify procedures for
Investment minister unveils new initiatives during talks with private equity leaders
Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, met with members of the Egyptian Private Equity and Venture Capital Association (EPEA) during the association’s Capital Call initiative to discuss the government’s investment reform agenda and private-sector priorities. The session
Supply minister, TMT discuss introducing French retail chain Monoprix to Egyptian market
The Minister of Supply and Internal Trade, Sherif Farouk, held a meeting with officials from TMT for Multi Trading & Distribution (TMT), a leader in the management and operation of modern retail chains and the operator of Circle K branches
FRA approves 13 companies to undertake non-bank financial activities
The Financial Regulatory Authority (FRA) has approved 13 companies to undertake a range of non-bank financial activities, as part of its continued efforts to enhance the quality and competitiveness of sectors under its supervision, strengthen their attractiveness to investment, and
Strong information infrastructure key to smart investment, accelerated digital transformation: Planning minister
Ahmed Rostom, Minister of Planning and Economic Development, inspected the Information Infrastructure Centre for the Egyptian Planning System, affiliated with the ministry, accompanied by Mohamed Hindi, Acting Executive Director of the centre, to review workflow and assess the progress of
Egypt’s parliament approves VAT law amendments, cuts medical device tax to 5%
Egypt’s House of Representatives granted final approval on Tuesday to a draft law amending the Value Added Tax (VAT) law, significantly reducing the tax on medical devices to 5% while subjecting natural gas to a new schedule tax. During a
Egypt is BII’s largest market in Africa, key strategic priority: CEO
As British International Investment (BII) prepares to deploy £15bn worldwide over the next five years, Egypt is emerging as one of the institution’s most strategic markets, according to BII CEO Leslie Maasdorp. With an investment portfolio approaching $850m across 64
Norway’s Scatec to invest $5bn in Egypt green energy over next two years
Norway’s Scatec plans to inject up to $5bn in new investments into Egypt over the next two years, company officials announced. The new investment plan will target strategic sectors, including water desalination powered by renewable energy, green data centres, solar