News
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Egypt issues regulations for zero-customs car import initiative for expats
Egypt’s Ministry of Finance has issued regulations for the zero-customs car import initiative relaunched on Monday in order to expedite approvals.
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Egypt, Austria mull fostering trade, industrial cooperation
Esmat noted that Egypt is keen on cooperating with Austrian firms seeking to invest or expand in the country.
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Expectations of an increase in global demand for metals by 2040: IDSC
The report indicated that renewable energy has grown at a rapid pace over the past two decades, reaching its highest values in 2022.
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Egypt plans to create 800,000 jobs in FY2023/2024
The Egyptian government is planning to create around 800,000 new jobs during the fiscal year 2023/2024.
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AAIB Introduces New Savings Certificate With Market-Leading Return
The Arab African International Bank (AAIB) introduces a new savings certificate offering the highest investment return in Egypt's banking market, allowing customers a profitable saving opportunity for three years.
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Parliament passes bill on new export, investment guarantee agency
The Egyptian Parliament has passed a bill on the establishment of a new entity, the Egyptian Export and Investment Guarantee Agency (EEIGA), in an effort to amplify the export sector.
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Sixth Cairo Water Week opens with focus on sustainability, innovation
The sixth edition of Cairo Water Week kicked off on Sunday under the theme "Action on Adaptation in the Water Sector for Sustainability,".
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Bahraini GFH Group plans to infuse $500M into Egypt in 2024
The Bahraini GFH Group plans a significant investment in Egypt's health, education, and logistics sectors by early 2024, infusing approximately $500M into the country's market.
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Egypt’s cigarette prices to increase once more following new VAT tax
The draft law included an increase in the fixed table tax on cigarette products in the local market by 50 piasters for the three segments.
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Egypt relaunches zero-customs car import initiative for expats
Egypt relaunched the zero-customs car import initiative for expats for three months, according to a Cabinet statement on Monday.
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Bupa Egypt Expands Its Healthcare Services to Meet Local Individual Needs
Expansion underscores Bupa Egypt’s commitment to delivering access to exceptional healthcare services to the Egyptian market.
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Real estate exchange a potential game changer for Egyptian property market: Experts
The Egyptian Exchange (EGX) is preparing to launch a real estate exchange within four months, which will boost the local market.
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Egypt's approval of property ownership by foreigners boosts real estate sector: Report
Egypt's efforts to open up residential property ownership to foreign individuals have yielded success in the third quarter of 2023 (3Q 2023).
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Cruise lines scrap Egypt and Jordan ports of call amid rising tensions in Middle East
Exclusive: One cruise from Barcelona to Dubai has removed seven ports of call, and will sail nonstop from Crete to the UAE.
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European gas prices rise on fears of pause in Egypt LNG exports
European gas prices have spiked steeply due to a complex of factors, including reports that Israel had stopped exporting natural gas to Egypt.
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Egypt wins first place in Arab FinTech Challenge in Dubai
The Egyptian American University team won first place in the Arab FinTech Challenge for universities at GITEX Dubai 2023.
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Egyptian network providers share willingness to expand services to Gaza
Telecom providers Vodafone Egypt, Etisalat Misr, and Orange Egypt express readiness to extend services to Gaza following a mass blackout. Restoration efforts underway.
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French multinational Schneider Electric eyes investment expansion in Egypt
French Schneider Electric company plans to expand in the Egyptian market, having injected a total investment amounting to 300 million euros $317.38m.
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GAFI assigns 4 Golden Licenses for projects with collective investments of $487M
Licenses were given to Samsung Electronics Egypt, the Egyptian Natural Gas Company (GASCO), Fayoum Stores and Warehouses, and EgyptSat 2.
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Central Bank of Egypt’s gold holdings decline 2.8% in September
The gold holdings of the Central Bank of Egypt (CBE) declined by 2.8 percent to EGP 235.64 billion ($7.64 billion) in September from EGP 242.42 bn.