Global protectionist policies offer Africa industrial investment opportunities, Egypt’s Al-Mashat says
Global protectionist policies are creating opportunities for African nations to attract industrial investment by encouraging companies to reshore activities to the continent, Egypt’s Minister of Planning, Economic Development and International Cooperation said on Wednesday. Speaking at the launch of the
Coca-Cola to open Alexandria factory and triple Cairo digital hub workforce
Coca-Cola plans to open a new factory in Alexandria and more than double the workforce at its Cairo digital hub by 2027, company executives told Egyptian ministers on Wednesday. The expansion was discussed during a meeting at the World Economic
Madbouly says Egypt has paid $5bn of arrears to foreign oil partners
Egypt has paid approximately $5bn of outstanding arrears to foreign partners in the petroleum sector and remains committed to settling regular monthly invoices, Prime Minister Mostafa Madbouly said on Wednesday. Speaking during a weekly cabinet meeting at the government headquarters
ETA launches mobile app for electronic payment of real estate transaction tax
The Egyptian Tax Authority (ETA) has launched a new mobile application that allows taxpayers to pay real estate transaction tax electronically and obtain tax clearance certificates in a fast and convenient manner, according to Rasha Abdel Aal, the ETA chairperson.
Egypt reviews progress on Capital Medical City project
Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, met with representatives of INCOME at the ministry’s headquarters in the New Administrative Capital to review the latest developments in the implementation of the Capital Medical City
Opinion | The Strategic Evolution of Egypt’s Personal-Care Manufacturing
After more than two decades leading manufacturing and consumer-goods operations across international markets, my outlook on Egypt’s personal-care sector remains resolutely optimistic. We are witnessing a fundamental shift where the industry is no longer defined by cost efficiency alone. Instead,
HDP launches Grand Lane residential project in New Cairo with EGP 50bn investments
Housing and Development Properties (HDP), the real estate development arm of the Housing and Development Bank, has announced the launch of its new residential project, Grand Lane, in New Cairo, with total investments estimated at approximately EGP 50 billion. The
Egypt targets 70% private sector investment by 2030 following 5.3% quarterly growth: Al-Mashat
Egypt is targeting a rise in the private sector’s share of total investment to over 70% by 2030, Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat said on Tuesday, following a 5.3% GDP growth rate in the first
Customs exemption for mobile phones brought from abroad ends Wednesday
The Egyptian Customs Authority and the National Telecom Regulatory Authority (NTRA) announced that the exceptional customs exemption granted to passengers bringing mobile phones from abroad will end on Wednesday. Exemptions for mobile phones belonging to Egyptians residing abroad and tourists
State adopts modern approach to asset management: El-Khatib
Minister of Investment and Foreign Trade Hassan El-Khatib said the state has adopted a modern approach to managing its assets, based on comprehensive re-planning and improving efficiency of use to maximise economic returns and generate sustainable added value. El-Khatib made