Egypt, UK discuss strengthening industry, transport ties
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir met with UK Trade Envoy to Egypt Yasmin Qureshi to discuss enhancing cooperation in industry and transport. Al-Wazir emphasized the deep-rooted ties between Egypt and the
Egypt offers EGP 3bn boost for state-funded medical treatment from March to June 2025
Deputy Prime Minister for Human Development and Minister of Health and Population Khaled Abdel Ghaffar, along with Minister of Finance Ahmed Kouchouk, reviewed the progress of the presidential directive to enhance funding for state-sponsored medical treatment. This initiative, part of
Agriculture Minister invites business leaders to explore investment opportunities
Alaa Farouk, Minister of Agriculture and Land Reclamation, reaffirmed Egypt’s strong political commitment to strengthening ties with African nations, in line with President Abdel Fattah Al-Sisi’s directives. Speaking at the annual celebration of the Egyptian African Businessmen’s Association (EABA), Farouk
Tax filing deadline extended to first working day after Eid al-Fitr: ETA head
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced an extension of the tax filing deadline to the first working day following the official Eid al-Fitr holiday. The decision aligns with Article 18 of the Civil and Commercial
MSMEDA provides EGP 11.9bn in funding for 574,349 small, micro projects in northern Upper Egypt
Basil Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced that from July 2014 to December 2024, the agency has allocated EGP 11.9bn to support 574,349 small and micro enterprises, as well as infrastructure and community
Egyptian banks report record profits of EGP 534.8bn in 2024
Banks operating in the Egyptian market recorded net profits of EGP 534.8bn in 2024, compared to EGP 283.4bn at the end of 2023, the Central Bank of Egypt (CBE) revealed on Wednesday. The CBE’s report also indicated that the total
FRA approves fintech integration for 8 non-banking financial, brokerage firms
The Financial Regulatory Authority’s (FRA) fintech committee has approved the integration of financial technology into the operations of three brokerage firms, marking a significant milestone for Egypt’s non-banking financial sector. Telda Securities, Beltone Securities, and Thndr Securities have been granted
Egypt launches EGP 4bn initiative to support 10 million families on ration cards
Ahmed Kouchouk, Minister of Finance, and Sherif Farouk, Minister of Supply and Internal Trade, have reviewed the progress of implementing the presidential directive designed to provide additional financial support to 10 million vulnerable families registered on ration cards. With a
HDP Signs Contract with Consolidated Contractors Company (CCC) to Develop SQ1 in New Cairo with EGP 1.7bn Investment
Housing and Development Properties (HDP), the real estate arm of the Housing and Development Bank, has signed a construction contract with Consolidated Contractors Company (CCC) to carry out the construction work for the residential units of the Square One Exclusive
Food sector exports surpass $10bn in 2024, achieving record growth
At the 2024 General Assembly meeting of the Chamber of Food Industries, Chairperson Ashraf El Gazayerli announced that the food sector achieved a remarkable 21% increase in exports last year, surpassing $10bn. This milestone marks an unprecedented achievement for the