News
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Dutch Delegation Visits SCZone to Discuss Green Energy Projects
The Vice President of the Authority, Walid Youssef, explained, during his presentation, the potential of the Suez Canal Economic Zone.
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Transfer delays won't affect duty-free car import eligibility: Egypt’s finance minister
Minister of Finance assured Egyptian expatriates that the delay in their transfer of imported car fees will not make them ineligible for duty free.
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Egypt EFG Hermes Holding’s Q1 2023 profit up 157%
Bank said profits grew to $28.58mln despite inflationary pressures and currency devaluation.
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Egypt-Oman joint investment fund to be finalized in Q4 in 2023
During the meeting, they discussed joint investments between the Sovereign Fund of Egypt and the Omani Investment Authority.
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SCZone Chairman Meets with Delegation of Chinese Companies during Promotional Tour to China
At the beginning of his meetings, the head of the economic zone met with representatives of the Communist Party and China's Huandong and Hainan.
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Egypt: Copper for Commercial Investment’s losses widen 2.9% YoY in Q1
Established in 1985, the company undertakes all activities related to real estate such as contracting and technical and engineering supervision.
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Egypt, Guinea Consider Signing MoC to Prevent Double Taxation, Boost Customs Facilities
This came during a bilateral meeting between the minister and the Guinean Minister of Economy, Finance and Planning Moussa Cissé.
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HDB offers a triple savings certificate with 20% annual return, 18.5% monthly return
The minimum purchase price for the certificates is EGP 100,000, with multiples of EGP 1000.
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AfDB mobilizes $2.2 bln for Egypt's water projects
The AfDB announced that it has mobilized $2.2 billion to fund Egypt's water desalination and treatment projects for agriculture.
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13.8 % Increase in Number of Foreign Workers in Egypt, CAPMAS
Arrivals from Asian countries (non-Arab) represent the largest number of total number of foreign Employees in private and investment sectors in 2022.
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Africa needs unconventional ideas: El-Sisi
President El-Sisi said Africa needs unconventional ideas and financing solutions to address pressing issues such as climate change and sustainability.
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€4.4bn in trade exchange between Egypt and France during 2022
Egypt’s top exports to France were fertilizer products, electronic devices, and electrical equipment, while cereals, excluding rice, and legumes.
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UAE, Egypt bid to boost investment partnerships
Agreement aims to increase investment opportunities in the new economy, green projects, tech sector.
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Gender equality critical for economic growth in Middle East: Forbes Women’s Summit
Over three days, the Forbes Middle East Women’s Summit held in Saudi Arabia has been shedding light on the leadership role women in the Middle East.
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valU partners with digital real estate co-ownership platform Partment
The properties are fractionalized into up to eight parties, allowing each to own an equal share in the property value and spend 41 nights per year.
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Egypt and Oman Sign Deals to Foster Bilateral Cooperation
Egypt and Oman have signed an agreement that aims to prevent double taxation, which refers to income tax being levied twice on the same income.
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Egypt secures $66 mln from EU, AFD to expand wheat storage
The European Union and French Development Agency (AFD) are set to provide Egypt with a €60 million ($66 million) credit facility to build more silos.
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The best Islamic bank in Egypt 2023: Banque Misr
The bank’s Islamic branches provide insurance products in partnership with the Egyptian Tukaful Life Insurance Company.
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Egypt to import 170,000 cattle, sheep for Eid Al-Adha amid soaring meat prices
Al-Qusair added that the Egyptian government is working to release fodder for cattle and poultry in ports to lower their prices in the market.
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Egypt's SCZone offers direct, indirect investment incentives
The zone provides direct and indirect incentives for investors to operate in the country.