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
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HighlightsTravel & Tourism
FCDO Issues Updated Travel Advice for British Nationals Visiting Egypt’s Red Sea Resorts
The UK’s Foreign, Commonwealth & Development Office (FCDO) has issued updated travel guidance for British nationals planning to visit Egypt’s Red Sea resorts. The updated advice focuses on key safety …
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Egypt’s President Abdel Fattah El-Sisi issued Presidential Decree No. 111 of 2024, approving the agreement for the “Preparatory Technical Assistance for Sludge Management in Egypt” project. The initiative , funded …
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EconomyHighlightsNews
Egypt Receives Initial EUR 1 Billion from EU as Part of Macro-Financial Assistance Package
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. …
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EconomyHighlights
President Sisi Approves Egypt’s Subscription to Capital Increase in IFC; Government Plans to Borrow $39B in Q1 2025
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. …
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HighlightsNews
NASA Discovers New Delta in Egypt’s Desert: Transforming Deserts into Farmland with the New Delta Project
NASA’s Earth Observatory captured two striking images of Egypt’s rapidly transforming landscape. The images, taken by the Operational Land Imager (OLI) and OLI-2 on Landsat 8 and 9 satellites, show …
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EconomyHighlights
IDSC Shares Insights about Moody’s 2025 MENA Economic Outlook and Egypt’s Economic Future
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 …
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EconomyHighlights
Egypt Launches 2024 Tax Filing Season: Key Dates, Online Submissions, and Support Services
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 …
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HighlightsNews
Egypt’s Environment Minister Leads National Climate Change Council Meeting to Discuss Egypt’s First Transparency Report (1BTR)
Egypt’s Minister of EnvironmentDr. Yasmine Fouad, , chaired a meeting of the Executive Office of the National Climate Change Council. The meeting focused on the outcomes of Egypt’s first Transparency …
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In a recent statement, the Central Bank of Egypt has announced a nationwide bank holiday in observance of the end of the financial year for banks operating in the …
