Egypt unveils EGP 200bn social safety net ahead of Ramadan
The Egyptian government has launched a social support package valued at EGP 200bn to assist citizens facing rising prices. Prime Minister Mostafa Madbouly announced the measures on Wednesday, stating that the package will be implemented during Ramadan and the upcoming
Egypt closes bidding on 13 oil, gas exploration areas, attracting $700m in investments
As part of its ongoing efforts to attract and expand investments in exploration, production, and development, the Ministry of Petroleum and Mineral Resources closed bidding for 13 exploration and production areas, with offers totaling more than $700m in expected investments.
Egypt, Kazakhstan discuss expanding flights, air cargo cooperation
Egypt’s Minister of Civil Aviation, Samah Hefni, met with Kazakhstan’s Ambassador to Cairo, Askar Zhenis, to discuss strengthening bilateral cooperation in aviation. The meeting focused on increasing direct flights between the two countries to boost tourism and exploring the launch
ETA launches introductory guide to Tax Facilitation initiative
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has announced the release of an introductory guide for the Tax Facilitation Initiative. This guide provides a comprehensive explanation of the initiative’s provisions, eligibility criteria, and step-by-step procedures, ensuring that
CBE hosts Bank of Tanzania delegation to strengthen African financial cooperation
As part of Egypt’s commitment to deepening ties with African nations, the Central Bank of Egypt (CBE) has welcomed a high-level delegation from the Bank of Tanzania (BOT), led by its Deputy Governor. The visit aligns with the joint cooperation
Egypt rejects any ideas involving Egyptian administration of Gaza
Egypt has rejected any proposals that would see it administer the Gaza Strip for any period of time, according to Foreign Ministry Spokesperson Ambassador Tamim Khallaf. Khallaf’s statement on Wednesday was in response to questions from journalists regarding a proposal
Egypt’s financial inclusion rate hits 74.8%, with 52 million using transaction accounts
Financial inclusion rates in Egypt continue to rise, with approximately 52 million citizens now using transaction accounts. The Central Bank of Egypt (CBE) announced on Tuesday that financial inclusion rates had reached 74.8% by the end of 2024, marking a
ETA, Commercial Professions Syndicate sign protocol to regulate relations
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), and Mahmoud El-Naghi, Head of the Accounting and Auditing Division at the Syndicate of Commercial Professions, have signed a cooperation protocol to regulate accountants’ interactions with the authority. The signing
PFI Asset Management appointed for Mawared Fund
PFI Asset Management has been officially appointed as the fund manager for the Mawared Fund, effective February 18, 2025. Established in November 2009 by Housing and Development Bank, Mawared is a prominent money market fund designed to offer stable returns
Health Ministry, AstraZeneca partner to enhance Egyptian doctors’ skills
Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, witnessed the signing of a cooperation agreement between the Ministry of Health and Population and AstraZeneca Egypt to launch the “A Doctor’s Beginning” programme. Developed in collaboration with