News
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Avanz Capital Egypt Invests $3.5 Million in Egyptian Logistics
Avanz Capital Egypt, a private equity fund subsidiary of Squared Capital International, has announced a $3.5 million investment in Trella.
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Egyptian Chamber of Commerce in Alexandria receives global recognition as 'Best Chamber for 2023'
The announcement came at the conclusion of the 13th World Congress of Chambers, held in Geneva, Switzerland.
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Egypt´s Suez Canal posts record-high annual revenue of $9.4bln
25,887 ships carrying 1.5 billion tons of cargo passed the navigation course in the FY 2022-2023, the highest record in the SCA's history.
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CBE: Banks to Take Official Leave on Occasion of Eid Al-Adha
The Central Bank of Egypt (CBE) decided to suspend work in all banks, starting from Tuesday, June 27, until Monday, July 3.
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Egypt abolishes tax exemptions for state bodies in economic activities
The Egyptian Cabinet has abolished tax exemptions for state entities and affiliated companies in economic activities.
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Suez Canal Authority to sell 20 pct of subsidiary to boost private sector
The speculation came as Egypt has struggled with sharp financial pressure and an acute shortage of foreign currency.
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Top Indian manufacturers express interest in investing in Egypt
An SCZONE delegation met with executives from Sterlite Power Transmission, Jindal Steel, Platinum Industries, TCI Sanmar Chemicals and Sonalika.
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Will gold prices continue to drop or regain strength after Eid al-Adha?
Maghraby added that the period before Eid holidays was typically accompanied by a rise in gold prices.
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Egypt’s Agel raises pre-Seed round for its Sharia-complaint fintech platform
The newly raised funds will be deployed to allow Agel to become a licensed non-banking financial institution, fine-tune its product, and accelerate it
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Egypt president in Paris to attend Summit for Global Financing Pact
Egypt’s President Abdel-Fattah El-Sisi arrived in Paris, France, on Wednesday to attend the Summit for a New Global Financing Pact.
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Japanese amb.: $110,000 to support Egypt’s small enterprises
Japanese Ambassador to Egypt Oka Hiroshi said Tuesday his country will provide a grant worth 110,000 dollars to Egypt.
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Egypt’s TFK acquires Opio to create all-in-one ecosystem
Egypt-based fashion e-commerce marketplace The Fashion Kingdom (TFK) has acquired OPIO, a direct-to-consumer (D2C) fashion brand, for an unknown sum.
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Egypt supplied 94.9% of imported oranges to EU from third countries between January and May
The main supplier is Egypt (48.4% of the total), which increased its share by 12 points.
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Sisi ratifies law collecting money from travelers abroad
Stamp Tax Law to impose a tax on leaving the country, entering theaters and other places of entertainment.
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Egypt extends open invitation to Austrian investors for lucrative business ventures
Egypt's Minister of International Cooperation, Rania Al-Mashat, called upon Austrian companies to explore investment opportunities in Egypt.
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Egypt Avoids Double Taxation on Air Transport Profits with Brazil
The decision came with the aim of enhancing cooperation in the field of air transport, developing investments and trade exchange.
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Egypt raises minimum wage for private sector workers by 11%
The National Wages Council (NWC) has approved an EGP 300 increase in the monthly minimum wage for workers in the private sector to become EGP 3000.
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Nearly 4,600 Egyptian ChatGPT accounts hacked: Report
ChatGPT accounts of 4,588 Egyptians have been hacked and their data sold on the dark web between June 2022 and May 2023.
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Egypt to introduce LE20 polymer notes before Eid al-Adha
The Egyptian State Information Service announced the release of a new LE20 polymer banknote ahead of Eid al-Adha.
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Sanofi celebrates its 60th year of legacy in serving patients in Egypt
In Egypt, Sanofi was established in 1961 and today employs more than 1100 employees.