News
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Egyptian Tax Authority, Industries Union unite for smooth tax-customs integration
He emphasised the significant technological advances made by both the Ministry of Finance and the Egyptian Tax Authority.
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Egypt’s non-oil exports fall 17% YoY in H1
This decrease is attributed to the lack of the raw materials and production components needed for production.
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Egypt's trade deficit increases by 4.3% in May amidst export challenges
The CAPMAS noted that exports decreased by 20.9 percent during May, recording $3.38 billion, compared to $4.28 billion for the same month in 2022.
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Egypt’s Al Amal wants resume Lada assembly in 2024
Al Amal Auto, the local agent of Lada and BYD vehicles, is looking to resume assembly of Lada cars in early 2024.
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Here are Wealthiest Arab Cities in 2023
Cairo ranked 5th in the Arab world, and the 2nd richest in Africa. With 7,400+ millionaires, 5 billionaires, and 27 people with wealth over $100mln.
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Now is a good time to buy gold, says Egyptian commerce official
Milad explained that gold is a long-term investment as it is a store of value, indicating that its price is currently suitable for purchase.
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Top 10 developers generate LE168B sales in H1 with 88% annual increase
The devaluation of the Egyptian pound against the US dollar, prompted individuals to secure their funds through more stable investment avenues.
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Egypt announces new single-approval system to facilitate investment
The Egyptian General Authority for Investment and Free Zones (GAFI) announced on Monday the creation of a new single-approval system for projects.
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Government explores ways to enhance Egypt’s eco-tourism
The Minister of Environment drew attention to the importance of marketing eco-tourism.
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Japanese Otsuka establishes LE1.2B new plant in Egypt
He added that the IDA is ready to provide all forms of support and assistance to enable the company to start its project as soon as possible.
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New Release of " Egypt in Figures" Booklet 2023
The report gives an accurate picture and statistical information that reflects the changes occurred in most sectors of the Republic.
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Egyptian-Greek trade up 5% YoY in 2022
Egyptian exports to Greece saw a 5.3% YoY increase last year, valuing at $1.7 billion, versus $1.6 billion.
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Egypt’s gold reserves at $7.9 billion by the end of July: CBE
The CBE added that the value of foreign currencies included in the cash reserve declined to $26.530 billion by the end of July.
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Egypt simplifies procedures to boost yacht tourism
The Maritime Transport Sector of the Egyptian Ministry of Transport said in a Sunday press statement.
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Egypt introduces new custom facilities to boost exports
Egypt’s Ministry of Finance announced in a statement on Monday new facilities for customs declarations and transits.
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Egypt increases orange exports to Brazil
Egypt signed the Free-Trade Agreement with MERCOSUR (a South American trade bloc) back in 2017.
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China-based Midea Group eyes acquiring Zanussi brand in Egypt
The Swedish group aims to sell its assets in Egypt due to the current global financial issues facing it.
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Trade exchange bet. Egypt, Jordan reaches $980.4M in 2022
The CAPMAS noted that Egypt’s exports to Jordan rose 24 percent during 2022, reaching $726.5 million during 2022, compared to $711.1 million in 2021.
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Egypt, Chinese AVIC INTL complete consultations on Cairo Light Rail Transit’s 3rd phase
During a meeting in Beijing, Rong said that the LRT project is being developed at an estimated cost of $1.2bn.
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Historical relations tie Transmashholding and the Egyptian National Railways
Railway trips each day carry millions of people, who remain unaware of the tireless 24-hour work that goes into managing its advanced technology.