News
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FRA increases financing caps for microfinance and micro-insurance
The changes are part of the FRA’s ongoing efforts to support financial sustainability and enhance access to funding.
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Orange Egypt, Huawei introduce SD-WAN services for better internet experience
This initiative aligns with Orange's strategy to expand its range of WAN services in Egypt, adhering to all regulations and standards.
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Unveil A New Standard of Curated Furnishings through ‘Dream Space’
It offers designer-curated home packages that take the guesswork out of furnishing, with flexible financing and transparent pricing.
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Egypt’s car market hit by overpricing
Car prices are subject to supply and demand, and in some cars the value of the added increase ranges between LE10,000-30,000.
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Egypt Enhances Agricultural Exports With New RORO Line
Egypt is set to expand its agricultural export capacity significantly, thanks to recent discussions between key governmental figures.
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Egypt trade deficit jumps by 13% in December to $4.1 bln
For the fourth consecutive month, Egypt's trade balance deficit jumped by 13 percent in December to $4.15 billion, up from $3.67 billion in December.
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Egypt to build EUR 1 bn tire factory
Rolling Plus Chemical Industries has signed a contract to establish a EUR 1 bn (c USD 1.1 bn) tire factory in the Ain Sokhna industrial zone.
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What Factors Are Contributing to Egypt’s Explosive Tourism Growth?
According to the latest data from Statista, Egypt welcomed 14.9 million international visitors in 2023.
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Federation of Egyptian Banks denies links to GRA platform
The Federation of Egyptian Banks (FDE) denied Thursday any connections or accounts between banks operating in Egypt and the GRA platform.
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Egypt Eyes New Tax on Local Firms Profiting Abroad
PwC’s Sherif Shawky announces Egypt is considering taxing local firms that generate revenues from abroad.
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Egypt and China Collaborate on Local Reforestation Projects
The company shared its ideas for planting more trees, restoring damaged land and wetlands, reducing carbon emissions, and managing forests.
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Egypt, EU seal €90m loan for enhancing food resilience
The project aims to increase and modernize grain storage and logistics infrastructure in the Arab Republic of Egypt.
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Egypt charts course for business growth with raft of tax initiatives
Taxpayers can submit overdue tax returns for previous periods since 2020 without incurring penalties.
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Egypt’s net foreign assets jump in January
Egypt completed the sale of $2 billion in international bonds on January 29 in its first dollar-denominated international bond issuance in four years.
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Saudi bourse extends losses on lacklustre earnings; Egypt gains
Egypt's blue-chip index (.EGX30), opens new tab gained 0.8%, snapping a four-day losing streak.
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Would Egypt reassess gov’t 3-year action plan amid uncertainty globally?
As outlined in its action plan, the government targets securing £130 billion in exports by FY2026/2027.
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Egypt launches major bidding in oil, gas sector
The Ministry of Petroleum and Mineral Resources announced Monday the launch of new investment opportunities to enhance crude oil and natural gas.
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Egypt expects $1.2 billion IMF loan payment next week
Egypt is expected to receive a $1.2 billion loan from the IMF next week, boosting fiscal stability and supporting long-term growth.
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Daikin expands presence in Egypt with new headquarters
Daikin is expanding its operations in Egypt by opening a new headquarters in New Cairo.
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SCZone Secures $28 Million in New Textile Investments for Qantara West
The SCZone has secured $28 million in textile investments for Qantara, strengthening Egypt's position as a key player in global manufacturing.