French investments in Egypt surpass $7bn across 180 companies: GAFI chief
French investments in Egypt have exceeded $7bn, spread across more than 180 companies, according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI). Speaking at the opening of the Egypt–France Business Forum in Cairo on
Egypt to offer ‘Ministries Square’ to private sector investors
Egyptian Prime Minister Mostafa Madbouly chaired a meeting to review the steps and procedures for maximising the benefits of the “Ministries Square” area and offering it to the private sector, the cabinet said on Sunday. The meeting was attended by
US dollar surges EGP 0.53 at Sunday close
The official exchange rate of the US dollar at the Central Bank of Egypt (CBE) surged by EGP 0.53 on Sunday, closing at EGP 51.0564 for buying and EGP 51.1944 for selling, up from EGP 50.5296 and EGP 50.6669, respectively,
Egypt, Seychelles expand health cooperation with focus on training, medical support
Egypt’s Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar met with Sylvestre Radegonde, Minister of Foreign Affairs of Seychelles, along with Ambassador Conrad Mederic and an accompanying delegation, to explore avenues for strengthening bilateral cooperation in
9 tax exemptions introduced for businesses with annual revenues under EGP 20m: Finance Minister
Minister of Finance Ahmed Kouchouk announced that nine new tax exemptions will be granted to business activities with annual revenues below EGP 20m, as part of Egypt’s ongoing efforts to support small enterprises and broaden the tax base through trust
United Bank approves 2024 financial statements, reviews growth, expansion plans
United Bank held its General Assembly meeting under the chairmanship of Omar Mehana, Chairperson of the Board, alongside Ashraf El-Qadi, CEO and Managing Director, with the participation of board members and shareholders. The meeting reviewed and approved the bank’s financial
HOTAC hotels reach full occupancy during Eid Al-Fitr holiday
Hotels affiliated with the Holding Company for Tourism and Hotels (HOTAC), under the Ministry of Public Enterprises Sector, achieved near or full occupancy rates during the Eid Al-Fitr holiday, reflecting robust demand for Egyptian destinations from local, Arab, and international
Gold demand drops during Eid al-Fitr, defying holiday trends: FEI official
Ehab Wassef, Head of the Gold and Precious Metals Division at the Federation of Egyptian Industries (FEI), reported an unexpected decline in gold demand during the Eid al-Fitr holiday—contrasting with previous years, when demand typically spikes due to increased purchases
Egypt, Australia explore expanding healthcare cooperation, green transformation initiatives
Chairperson of the Egypt Healthcare Authority (EHA), Ahmed El-Sobky, met with Australian Ambassador to Egypt Axel Wabenhorst to discuss expanding bilateral cooperation across various healthcare fields, with a focus on knowledge exchange, medical training, and sustainable health practices. El-Sobky noted
Cairo Airport hits record high with 102,108 passengers in one day
Cairo International Airport has set a new record for daily passenger traffic, welcoming 102,108 travelers in a single day—its highest since the airport’s opening on 18 May 1963. The day also saw 682 flight movements, comprising 343 departures and 339