News
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Egypt Eyes New Tax on Local Firms Profiting Abroad
PwC’s Sherif Shawky announces Egypt is considering taxing local firms that generate revenues from abroad.
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Egypt and China Collaborate on Local Reforestation Projects
The company shared its ideas for planting more trees, restoring damaged land and wetlands, reducing carbon emissions, and managing forests.
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Egypt, EU seal €90m loan for enhancing food resilience
The project aims to increase and modernize grain storage and logistics infrastructure in the Arab Republic of Egypt.
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Egypt charts course for business growth with raft of tax initiatives
Taxpayers can submit overdue tax returns for previous periods since 2020 without incurring penalties.
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Egypt’s net foreign assets jump in January
Egypt completed the sale of $2 billion in international bonds on January 29 in its first dollar-denominated international bond issuance in four years.
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Saudi bourse extends losses on lacklustre earnings; Egypt gains
Egypt's blue-chip index (.EGX30), opens new tab gained 0.8%, snapping a four-day losing streak.
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Would Egypt reassess gov’t 3-year action plan amid uncertainty globally?
As outlined in its action plan, the government targets securing £130 billion in exports by FY2026/2027.
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Egypt launches major bidding in oil, gas sector
The Ministry of Petroleum and Mineral Resources announced Monday the launch of new investment opportunities to enhance crude oil and natural gas.
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Egypt expects $1.2 billion IMF loan payment next week
Egypt is expected to receive a $1.2 billion loan from the IMF next week, boosting fiscal stability and supporting long-term growth.
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Daikin expands presence in Egypt with new headquarters
Daikin is expanding its operations in Egypt by opening a new headquarters in New Cairo.
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SCZone Secures $28 Million in New Textile Investments for Qantara West
The SCZone has secured $28 million in textile investments for Qantara, strengthening Egypt's position as a key player in global manufacturing.
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Japanese investments in Egypt surge 140% to $60mln in 2024
Japanese investments in Egypt surged by 140%, reaching $60 million in 2024, demonstrating increased confidence in Egypt's economy.
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Allianz Life Assurance Egypt won the "Best Life Insurance Company – Egypt 2024" award
Allianz Life Assurance Egypt won the “Best Life Insurance Company Egypt 2024” award, celebrating its exceptional service and financial strength.
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Morocco and Egypt Boost Trade Relations with ‘Fast Track’ Agreement
Morocco and Egypt have signed a fast-track trade agreement to enhance economic cooperation, promote growth, and strengthen bilateral relations.
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Ezz Elsewedy Automotive Factories launches $50mln Proton car assembly plant in Egypt
Ezz-Elsewedy Automotive has launched a $50 million Proton car assembly plant in Egypt, advancing local manufacturing.
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Finance Ministry to issue EGP 730bn in T-bills, bonds in March
The Egyptian Finance Ministry plans to issue EGP 730 billion in Treasury bills and bonds in March, aiming to raise capital for fiscal projects.
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Doing Business in the Arab World': A workshop exploring bilateral trade opportunities in Athens
The roundtable, moderated by Rashad Mabger, the chamber’s secretary-general, welcomed 88 business leaders from 67 Greek companies.
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Net foreign assets in Egypt’s banking sector surge to $8.7bn in January 2025
The Central Bank of Egypt has reported a significant rise in net foreign assets within the banking sector, reaching approximately $8.7bn in Jan 2025.
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Maersk explores ship recycling in Egypt
Maersk examines the potential of ship recycling in Egypt, marking a new chapter for the nation's growing maritime industry and sustainability efforts.
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Egypt's Ezdehar private equity to deploy up to $100mln in 2025
EZDEHAR Private Equity plans to inject up to $100 million in Egypt's dynamic investment landscape for 2025.