No plans to increase taxes for investors: Deputy Finance Minister
Sherif El-Kilani, Deputy Minister of Finance for Tax Policies, said that the tax facilities announced by the Minister of Finance are the first package, and will be followed by many other packages. He noted that implementing the first package of
Military Production, Environment Ministers inaugurate banana fiber recycling plant
Egypt’s Minister of Environment, Yasmine Fouad, and the Minister of State for Military Production, Mohamed Salah El-Din Mustafa, inaugurated a factory for the production of environmentally friendly cardboard packaging from banana fiber waste at the Armored Vehicles Production and Repair
ACUD hosts Japan’s Titan Capital to discuss investment opportunities in Egypt’s NAC
Chairperson and Managing Director of Administrative Capital for Urban Development (ACUD), Khaled Abbas, met with Japanese Titan Capital’s owner Kanazawa Yukio and Chairperson Niwa Koshiro, along with members of their investment alliance, which includes 15 of Japan’s top companies. The
Investment Minister lays foundation for Japan’s Otsuka plant in 10th of Ramadan City to produce medical solutions
Minister of Investment and Foreign Trade Hassan El-Khatib laid the foundation stone for the Japanese company Otsuka to manufacture nutritional supplements in 10th of Ramadan City. He acted on behalf of Mostafa Madbouly, Prime Minister, in the presence of
GCF approves financial aid of $2.687bn to Egypt, other countries
The Green Climate Fund (GCF) approved the financing proposals for the multi-country programmes: Greening Financial Systems, the Smart Resilient Agriculture Investment Fund, and the Resilient Water Infrastructure Expansion Facility, to finance these projects in a number of countries, including Egypt,
Debt-for-investment swaps enhance development pathways in Africa: Finance Minister
Ahmed Kouchouk, Egypt’s Finance Minister, stated that debt levels across Africa are rising due to escalating economic shocks and risks linked to geopolitical tensions. He emphasized that the “Debt Alliance for Sustainable Development” could be part of the solution to
EGX mandates United Bank to complete offering within six months of listing
The Securities Listing Committee of the Egyptian Exchange (EGX) has mandated that United Bank must adhere to clauses 1, 2, and 3 of Article 7 of the listing rules. The bank is required to complete the registration procedures with the
Maait assumes role as representative of Arabs, Maldives at IMF
Egypt’s former finance minister Mohamed Maait has officially taken on his new role as Executive Director and member of the Executive Board, representing the Arab Group and Maldives at the International Monetary Fund (IMF). Maait expressed gratitude to President Abdel
ETA enhances role of investor support unit at Tax Authority: Abdel Aal
Rasha Abdel Aal, Head of the Egyptian Tax Authority, emphasized that one of the top priorities of the Ministry of Finance and the Tax Authority is to provide comprehensive support to investors, recognizing the vital role they play. She highlighted
Madbouly tours manufacturing facilities in Suez
Prime Minister Mostafa Madbouly inspected the Suez Medical Complex affiliated with Egypt Healthcare Authority, during his visit to Suez on Saturday. The Prime Minister emphasized that healthcare is a top priority in building human capacity and achieving sustainable health