TMG overhauls Egypt’s industrial blueprint to break import dependency
High above the manicured streets of Madinaty’s B8 district, the silent hum of a new elevator marks more than just a mechanical ascent for Talaat Moustafa Group (TMG), the country’s largest listed developer. It represents the first physical output of
Entrepreneurs’ uptake of simplified tax regime surpasses expectations: ETA head
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced that the number of entrepreneurs and small and micro enterprise owners joining the simplified tax system since its launch in February 2025 has exceeded expectations, particularly during the final
Egypt plans $4bn investment in six refinery projects, minister says
Egypt is implementing six petroleum refinery development projects with total investments exceeding $4bn, Minister of Petroleum and Mineral Resources Karim Badawi said. The projects are designed to increase domestic production, boost added value, and reduce the country’s fuel import bill,
Government sets 2:00am closing time for shops during Ramadan, Eid Al-Fitr
Manal Awad, Minister of Local Development and Environment and Chair of the Supreme Committee for Public Establishments Licensing, announced revised closing hours for shops, restaurants and cafés during the holy month of Ramadan and the Eid Al-Fitr holiday, as an
Egypt secures $3.38m Japan-WHO agreement to boost emergency medical services
Egypt has signed a trilateral cooperation agreement worth $3.38m with the Government of Japan and the World Health Organization (WHO) to strengthen emergency medical services and enhance hospital preparedness amid mounting pressure on the healthcare system due to regional humanitarian
Al-Sisi reviews summer electricity plan, orders accelerated solar expansion
Egyptian President Abdel Fattah Al-Sisi reviewed the government’s preparations to secure electricity supplies during the upcoming summer season, as peak demand on the national grid is forecast to rise by 6-7%. The review took place during a meeting with Prime
Egypt mandates non-banking financial firms to offset 20% of carbon emissions
Egypt has mandated that non-banking financial institutions with capital exceeding EGP 100m must measure their carbon footprints and offset 20% of their annual emissions through the purchase of carbon credits, Minister of Investment and Foreign Trade Mohamed Farid said on Sunday. Speaking
Banque du Caire signs $16.7m financing deal with Kandil Glass to fund Suez expansion
Banque du Caire has signed a new financing agreement with the Kandil Glass Group to support the company’s capital expansion, including the establishment of a new glass production facility in the Ataqa Free Zone in Suez governorate. The financing package
Egypt to upgrade 800 km of International Coastal Road from Port Said to Salloum
Minister of Transport Kamel Al-Wazir conducted an inspection tour of ongoing works to upgrade the International Coastal Road between Damietta (Furniture City) and Baltim, passing through Gamasa and New Mansoura, over a total length of 64 kilometres. The visit comes
HSBC Egypt, Hong Kong TDC boost garment, textiles trade corridor
HSBC Egypt, in collaboration with the Hong Kong Trade Development Council (HKTDC), hosted the Hong Kong Garment and Textiles Business Mission at its Cairo headquarters, bringing together 12 leading Hong Kong apparel and textile companies to explore investment prospects in