Egypt, Germany sign €77.3m debt swap, grant agreements to boost development
Egypt and Germany have strengthened their economic partnership with the signing of agreements worth a total of €77.3m, aimed at supporting development across multiple sectors. The agreements include a debt swap and grant funding for projects focused on technical education,
Iranian economy grows 4% in first half of fiscal year
The Iranian economy experienced a 4 per cent growth in the first half of the current Iranian fiscal year, spanning March 21 to September 22, 2024, according to a recent report by the Iranian Statistical Centre. When excluding the oil
SCZONE signs $38m deals for food, textile plants
The Suez Canal Economic Zone (SCZONE) has secured $38m in investments for two new projects in the Qantara West Industrial Zone. Waleid Gamal El-Din, Chairperson of the SCZONE, signed the contracts on Sunday at the authority’s headquarters in the New
Finance Minister unveils comprehensive tax, export initiatives to boost business confidence
Ahmed Kouchouk, Minister of Finance, announced significant reforms aimed at improving tax services, with the first package of tax facilities set to be fully implemented by the end of the current fiscal year. These measures, he emphasized, will foster a
8th phase of automated tax system for salaries begins: ETA chief
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has announced that the 8th phase of the automated tax system for calculating wages and salaries tax for companies and individual establishments has been officially launched. This step is part
Egypt discusses cooperation with UN-Habitat
Egypt’s Minister of Local Development Manal Awad met with Rania Hedaya, Regional Director of the United Nations Human Settlements Programme (UN-Habitat), and Ahmed Rizk, Head of the UN-Habitat Cairo Office, to explore future areas of collaboration on Sunday. During
Egypt to complete utility installations in industrial zones within one fiscal year
Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, met with investors from Sharqeya on Sunday to discuss ongoing challenges and propose solutions related to industrial zone developments. The meeting reviewed the status of the
2024: Defining year for Egypt’s real estate market – key developments, emerging trends
Egypt’s real estate market experienced substantial developments in 2024, as economic challenges intensified with fluctuations in exchange rates and rising inflation. These factors significantly impacted the purchasing power of citizens and investors. Despite these hurdles, the sector demonstrated resilience, supported
Military Production Ministry’s companies achieve 144% revenue growth in FY 2024
Egypt’s Minister of State for Military Production, Mohamed Salah El-Din Mostafa, presided over a series of general assembly meetings for the ministry’s affiliated companies and units. Spanning three days, these meetings focused on reviewing financial statements for the fiscal year
Ateco Pharma Egypt explores cooperation with US embassy delegation
Ateco Pharma Egypt, a leading producer of intravenous solutions, hosted a high-level delegation from the US Embassy in Cairo to discuss potential collaboration, showcase its products, finalize export agreements, and bolster its reputation as a success story within the Suez