Egyptian PM reviews new Sphinx City development plans
Egyptian Prime Minister Mostafa Madbouly met on Sunday to discuss the progress of development plans for New Sphinx City. Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, and Ahmed Moussa, Deputy Head of the New Urban Communities Authority for
Egypt launches E-Voting, performance monitoring programmes to accelerate digital transformation
Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, participated in the launch of two pivotal initiatives aimed at boosting the country’s digital transformation: the e-voting project and a new performance and complaints measurement programme, both unveiled at
ETA Head advocates for automated audits, expedited tax refunds to safeguard taxpayers’ rights
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has highlighted the importance of field visits and continuous guidance from the Minister of Finance in overcoming operational challenges faced by both employees and taxpayers. She stressed that these visits
Misr Insurance, Al Ain Ahlia partner to drive digital transformation, knowledge sharing in sector
In a significant move towards digital transformation in the insurance industry, Misr Insurance and Al Ain Ahlia Insurance Company of the UAE have signed a cooperation protocol aimed at strengthening their collaboration in various key areas. The signing ceremony, witnessed
Non-banking financing reaches EGP 718bn in 10M 2024
Recent data from the Financial Regulatory Authority (FRA) reveals that non-banking financing activities in Egypt have reached EGP 718bn in the first 10 months of 2024. This figure encompasses financing provided through entities under FRA supervision, including capital market activities
MSMEDA injects EGP 6bn in 2024 financing, sets ambitious goal to double support in 2025
Basil Rahmi, CEO of the Micro, Small, and Medium Enterprise Development Authority (MSMEDA), revealed that the authority successfully injected EGP 6bn into Egypt’s medium, small, and microenterprise sector during 2024. This represents a 13% increase compared to the previous year.
El-Shimy reviews Continental Hotel tender process, updates on tourism, hotel projects
Mohamed El-Shimy, Minister of Public Enterprises Sector, has visited the Egyptian General Company for Tourism and Hotels (EGOTH), a subsidiary of the Holding Company for Tourism, Hotels and Cinema (HOTAC), to review ongoing operations and project updates. During his visit,
FEDCOC urges increased support for manufacturers, advocates for tax exemptions
Ahmed Zaki, Secretary-General of the Exporters’ Division at the Cairo Chamber of Commerce, Chairperson of the African Affairs Committee at the Federation of Chambers of Commerce (FEDCOC), and Chairperson of the Export Committee at the Council of Arab Economic Unity
FEI advocates for equal property tax treatment for healthcare facilities, factories
The Chamber of Healthcare at the Federation of Egyptian Industries (FEI) held a board meeting chaired by Alaa Abdel-Meguid, President of the Chamber, to discuss several key issues impacting the healthcare sector. Among the topics covered were medical tourism, training
Al-Sisi orders timely payment of dues to oil, gas contractors to boost economic growth
Egyptian President Abdel Fattah Al-Sisi has directed the government to ensure the regular payment of financial dues to companies contracting with the state in the oil and gas sector. The directive aims to support efficient operations and strengthen the sector’s