Economy

Egyptian Prime Minister Mostafa Madbouly has announced a new initiative valued at EGP 30 billion aimed at supporting the country’s industrial sector over the next five years. This initiative, detailed …

  Egypt has officially received the first installment of a EUR 1 billion ($1.03 billion) financial aid package from the European Union (EU), as confirmed by Prime Minister Mostafa Madbouly. …

Egypt’s President, Abdel Fattah El-Sisi, issued Decree No. 110 for 2024, approving Egypt’s subscription to the capital increase of the International Finance Corporation (IFC), with a contribution of 28,940 shares. …

Egypt’s Ministry of Social Solidarity announced that 4.7 million families received a total of EGP 41 billion in cash transfers in 2024 through the Takaful & Karama and social insurance …

As part of its commitment to advancing digital transformation in line with Egypt’s Vision 2030, the Central Bank of Egypt (CBE) has announced the extension of a fee exemption for …

The Egyptian Information and Decision Support Center (IDSC) has shed light on Moody’s recently published “MENA Economic Outlook: Strategic Foresight in Uncertain Times” report by Moody’s Investors Service. The report …

Egypt’s Tax Authority Chairperson, Rasha Abdel Aal, has officially announced the opening of the 2024 tax filing season. The tax filing period for individuals (natural persons) will begin on January …

  Germany supports  Egypt’s transition to a green economy by offering concessional loans at just one-tenth of current market rates. In an interview with Daily News Egypt, German Ambassador to …

  Egytrans, a leader in Egypt’s transportation sector, has achieved remarkable growth in the first quarter of the 2024-2025 fiscal year. The company reported a stunning 9.5-fold increase in profits, …

  Mirna Aref, General Manager of Microsoft Egypt, recently praised the government’s significant efforts to enhance Egypt’s infrastructure and logistics sectors. She emphasized that the positive developments in these areas …