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
Madinet Masr posts record EGP 52.1bn in new sales as deliveries surge 201% in 2025
Egyptian real estate developer Madinet Masr reported a strong performance in 2025, achieving record new sales of approximately EGP 52.1bn. During the year, the company sold 4,462 units, while the number of delivered units rose sharply to 1,941 units, compared
Egypt to commence construction of 4,000-bed medical city
Egypt’s Prime Minister Mostafa Madbouly has ordered the immediate implementation of the “Medical Capital City for Hospitals and Educational Research and Training Institutes” following directives from President Abdel Fattah Al-Sisi. During a meeting on Monday to track the project’s progress,