Egyptian Prime Minister attends African Union Summit, reaffirms support for APRM
Prime Minister Mostafa Medbouly represented Egypt at the opening session of the 38th Ordinary Session of the African Union (AU) Summit, held in Addis Ababa, Ethiopia on February 15th and 16th. The Prime Minister attended on behalf of President Abdel
Egyptian Foreign Minister Meets with EU Commissioner for Environment, Water, Circular Economy
Badr Abdelatty, Minister of Foreign Affairs, met with Jessika Roswall, European Commissioner for Environment, Water, and Competitive Circular Economy, on Friday, 14 February, during the Munich Security Conference. Abdelatty expressed his welcome for the enhanced relations between Egypt and
PwC experts highlight key tax policy changes, compliance trends in Egypt
PwC Middle East successfully concluded its annual Tax and Legal Roadshow in Egypt on 13 February 2025, bringing together senior Tax Authority officials, industry experts, and business leaders to discuss the country’s evolving tax landscape. The seminar provided a platform
Türkiye prioritizes Egypt as key hub for textile manufacturing, investment: Ambassador
Turkish Ambassador to Cairo, Salih Mutlu Şen, highlighted Türkiye’s continued interest in Egypt’s textile sector, emphasizing the vital role of spinning, weaving, and garment manufacturing in bolstering trade and economic cooperation between the two nations. The ambassador’s remarks came at
Arkan Palm, CIB partner to develop 16,000 sqm headquarters in Sheikh Zayed’s Financial District
Arkan Palm for Real Estate Development, a subsidiary of Badr El Din Group, has signed an agreement with Commercial International Bank (CIB) to allocate 16,000 square meters in the Financial District of Project 205 in Sheikh Zayed for the bank’s
Egypt’s Finance Minister calls for fairer global policies to support emerging economies
Ahmed Kouchouk, Egypt’s Minister of Finance, has urged international financial institutions to adopt more balanced and supportive policies for emerging economies. He emphasized the need for expanded multilateral financing tools to drive sustainable development and enhance resilience against global economic
Gold declines as high interest rates dampen appeal
Global gold prices fell for the second consecutive day after reaching a record high, pressured by rising US Treasury yields and Federal Reserve Chairperson Jerome Powell’s hawkish stance on interest rates. Investors now await key US inflation data for further
CIB signs EGP 1.8bn financing agreement with CRC for Solana project in New Zayed
Commercial International Bank (CIB), Egypt’s leading private-sector bank, has signed a financing agreement with Construction and Reconstruction Engineering Co. (CRC), a Class A certified general contractor affiliated with Dorra Group, to fund the construction of the upcoming Solana project in
New guide to help investors understand rights, tax obligations: ETA
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), reaffirmed the Ministry of Finance and ETA’s commitment to strengthening communication with tax professionals, economic associations, and the business community. She emphasized that these entities are key partners in developing
Al Ahly Sabbour to invest EGP 10bn in 2025
Al Ahly Sabbour Developments has reported a strong performance in 2024, surpassing its annual sales target by achieving EGP 32.5bn compared to the projected EGP 30bn. The company also delivered 2,500 residential units this year and plans to hand over