News
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Egypt’s suite of green hydrogen tax incentives signed into law by president
Developers that meet local content and foreign financing requirements can access a credit of up to 55%.
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Egyptian AI-driven logistics startup Roboost gets $3 million to diversify its services
Its self-learning AI system improves client operations by reducing human intervention and automating home delivery fleets.
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UNIDO And Abu Dhabi Commercial Bank Egypt Unite For Sustainable Finance
The initiative aims to support small and medium enterprises (SMEs) in sectors transitioning towards a green economy.
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Egypt Gas records 46% profit decrease in 2023
Meanwhile, revenues slipped 2% to EGP 6.871 billion from EGP 7.025 billion.
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Egypt considers issuing UAE dirham-denominated bonds
Egypt is poised to issue bonds denominated in the UAE dirham, aiming to tap into Gulf markets for the first time.
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Global Energy Leaders to Come Together at Egypes in Cairo to Address Energies of the Future
Egypt Energy Show (EGYPES) will be held at the Egypt International Exhibition Center (EIEC) from Monday 19 to Wednesday 21 February.
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S&P predicts LE to adjust closer to black market rates
As of 11 am on January 29, Egypt Today confirmed that the Egyptian pound was trading at 69-73 against the USD in the black market.
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Tourism Minister, Qatari Ambassador Discuss Ways to Enhance Joint Co-op
Minister of Tourism Ahmed Issa received Qatari Ambassador to Egypt Tariq Ali Farj Al-Ansari, at the Ministry's headquarters in the NAC.
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Egypt’s leather exports rise 25% YoY in 2023
Chairman of the General Organization for Export and Import Control Essam Al-Naggar told Al Arabiya Business.
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Egypt zero-customs car import initiative to generate $2 billion
Egypt's zero-customs car import initiative is projected to generate $2 billion, based on the high demand witnessed in the first and second phases.
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Egypt eyes 65% private sector contribution to state investments
Madbouly noted that the country is keen on encouraging the private sector to promote its participation in different development and services projects.
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Housing Min. Visits Chinese Projects to Stand on Modern Management Systems
Gazzar, currently visiting China, said the visit is meant to stand on the up-to-date management, operation and maintenance systems.
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Visa launches second phase of Africa Fintech Accelerator programme
The first round, launched in June 2023, featured startups from over 18 African countries, including 3 from Morocco, 1 from Egypt, and 1 from Tunisia.
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Cairo retail sector rents rose by 9% in 2023 – JLL
The retail sector saw limited project launches and completions in Cairo in 2023.
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Shipping Lines Request Incentives for Crossing Suez Canal
Rabie stressed the importance of the meeting, which serves as an extended and continuous platform for dialogue with all of the canal’s partners.
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Egyptian-Indian joint venture to operate raw phosphate factory in Egypt
The factory aims to boost the concentration of raw phosphate to be included in new industries.
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Egypt approves third phase of zero-customs car import initiative
The Egyptian Cabinet has approved the extension of the zero-customs car import initiative for expats for an additional three-month period.
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Supply Minister: State working on plan for modern civilized markets nationwide
In addition to their compatibility with developmental and service-related advances, these new markets will also keep road encroachments in check.
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What is causing turmoil in Egypt's gold market? Official answers
Egypt's recent gold market crisis could be attributed to a significant disparity between supply and demand.
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EGP-denominated bonds to be listed on Hong Kong Exchange
One of the key outcomes of the agreement is the mutual intention to eliminate dual taxation between Egypt and Hong Kong later this year.