Egypt studies global logistics hub in SCZONE to strengthen trade, supply chain position
Egypt’s Prime Minister Mostafa Madbouly chaired a high-level meeting to review proposals for establishing a global logistics distribution hub within the Suez Canal Economic Zone (SCZONE), as part of Egypt’s strategy to attract foreign direct investment and reinforce its position
Next fiscal year to see rollout of tax, customs, and property facilitation packages: Finance minister
Egypt’s Minister of Finance Ahmed Kouchouk announced that fiscal year 2026/2027 will witness the implementation of a series of tax, customs, and property facilitation packages aimed at easing obligations and reducing burdens on citizens and investors, while supporting economic activity
TMG offers 1.5% down payment, 15-year instalments for SouthMed project on Egypt’s North Coast
Talaat Moustafa Group (TMG) has launched a new payment plan for its SouthMed project on Egypt’s North Coast, offering a limited number of fully finished chalets with a 1.5% down payment and an instalment period of up to 15 years.
FRA cuts MCDR fees to boost digital real estate investment platforms
Egypt’s Financial Regulatory Authority (FRA) has issued a new decision reducing the fees charged by Misr for Central Clearing, Depository and Registry (MCDR) for all participants operating within digital platforms dedicated to investment in real estate investment fund certificates. The
Communications minister reviews Concentrix Egypt expansion plans, digital skills cooperation
Egypt’s Minister of Communications and Information Technology, Raafat Hindi, held talks with Amr Sobhy, Chairperson of Concentrix Egypt, to discuss the company’s expansion plans in the Egyptian market, efforts to create new employment opportunities, and prospects for strengthening cooperation in
Al-Sisi calls for enhancing global competitiveness of Egyptian universities
Egyptian President Abdel Fattah Al-Sisi has called for strengthening the global competitiveness of Egyptian universities and expanding international academic partnerships as part of broader efforts to position Egypt as a regional hub for higher education, scientific research, and innovation. The
Egypt allocates EGP 90bn in new budget to boost production, exports and entrepreneurship
Egypt’s Finance Minister Ahmed Kouchouk announced that EGP 90bn has been earmarked in the 2026/2027 fiscal year budget to expand programmes supporting production, exports, and entrepreneurship. Kouchouk said the allocations include EGP 48bn for export rebate payments and EGP 7bn
Egypt signs landmark deal for first airborne mineral survey in 42 years: Petroleum ministry
Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the signing of a contract between the Egyptian Mineral Resources and Mining Industries Authority (MRMIA) and Xcalibur to implement a nationwide airborne geophysical survey of mineral resources. The project will be
Madbouly, Elsewedy Electric discuss expansion plans, new investments
Prime Minister Mostafa Madbouly met with Ahmed El Sewedy, President and CEO of Elsewedy Electric, to review the company’s business strategy, expansion plans, and investment projects across multiple sectors. Senior company officials also attended the meeting. Madbouly reaffirmed the government’s
Al Shroouk Scan seeks $20m to expand diagnostics network in Egypt
Egypt-based Al Shroouk Scan and Lab announced plans to secure $20m in new financing to support its expansion strategy across Cairo and other governorates. Chairperson Abdallah Mostafa said the group is preparing to expand into Cairo’s Fifth Settlement, Alexandria,