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Financials and Investment News in Egypt

Egypt to Apply Capital Gains Tax Starting 2025
5/1/2024 - Egypt has decided to apply the capital gains tax on shares and stakes listed in the Egyptian Stock Exchange (EGX) starting from the tax season of March/April 2025, through the Egyptian Clearing Compan...
US Federal Reserve Keeps Interest Rates at 23-Year High
5/2/2024 - The US Federal Reserve held interest rates steady for a sixth straight meeting, keeping the level at a 23-year high to fight stubborn price increases.

After a two-day gathering, the centra...
Egypt, UK Strengthen Investment And Trade Relations Through Mou Signing
5/2/2024 - The General Authority for Investment and Free Zones of Egypt (GAFI) and the British Foreign Ministry have signed a memorandum of understanding (MoU) to strengthen investment and trade relations betwee...
Egypt Launches First Integrated Waste Management City in The Middle East
5/2/2024 - Egypt is setting a benchmark in the region with the development of its first integrated waste management city in the Middle East, located in the 10th of Ramadan City.

This pioneering projec...
Is EGX Poised to Rebound in May After April’s Losses?
5/6/2024 - Some hope that Egypt’s Stock Exchange (EGX) will regain in May the heavy losses incurred in April in response to the geopolitical tensions in the region along with other local developments.

...
Egypt Hosts Nearly 9 Million Foreigners Despite Economic Challenges: Asst. FM
5/7/2024 - Despite economic challenges, Egypt is exerting strenuous efforts for hosting nearly nine million foreigners and over 570,000 asylum seekers from 133 countries, Wael Badawi, Deputy Assistant Minister o...
Dollar Exchange Rate Stable at Start of Tuesday's Transactions
5/7/2024 - The dollar exchange rate was stable at the start of transactions at Egypt's major banks.

At the National Bank of Egypt (NBE), Banque Misr and the Commercial International Bank (CIB), the do...
Egypt’s Tourism, Suez Canal Revenues Could Shrink By $13.7 Bln
5/7/2024 - Revenues from Egypt’s tourism sector and Suez Canal in the current FY2023/2024, which ends on 30 June, and the upcoming FY2024/2025 could shrink by up to $13.7 billion the United Nations Development P...
32nd Session of Egyptian-Jordanian Joint Higher Committee Kicks Off in Cairo
5/7/2024 - The 32nd session of the Egyptian-Jordanian Joint Higher Committee kicked off in Cairo, the Ministry of International Cooperation announced.

The committee, which runs through, is a the key m...
Minister Mashat, Dutch Amb Talk Join Work Files, Follow Up on Mutual Projects
5/8/2024 - Egyptian Minister of International Cooperation, Dr. Rania Al-Mashat, held a bilateral discussion session with Ambassador Peter Mollema, the Dutch Ambassador to Cairo, to discuss joint work files and f...
Egypt Ready to Share Its Extensive Urban Development Experience With Oman: Housing Min
5/8/2024 - Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said Egypt is ready to share its extensive urban development experience with the Sultanate of Oman, and promote joint fruitful coo...
Egyptair Announces 50% Discount on Int'l Flights
5/8/2024 - On the occasion of EgyptAir's 92nd anniversary, the national carrier of Egypt has announced that it will offer its valued customers a 50 per cent discount on all international flights.

The ...
PM Says Egypt Successfully Handles Consequences of Reforms
5/12/2024 - Prime Minister Mostafa Madbouli has underscored efforts exerted by Egypt to radically solve problems and overcome consequences of reform measures.

Addressing the International Finance Corpo...
Egypt Is Among Largest Countries of Operations for IFC
5/12/2024 - Minister of International Cooperation Rania Al-Mashat affirmed that the relationship with the International Finance Corporation (IFC) has facilitated approximately $9 billion in financing and investme...
PM Discusses Ways of Boosting Inbound Tourism With Public, Private Sectors
5/12/2024 - Prime Minister Mostafa Madbouli convened a meeting that brought together several investors from the tourism sector, to deliberate on crafting a national vision aimed at enhancing inbound tourism to Eg...
Egypt, IFC Ink Two Agreements to Support Msmes, Healthcare
5/12/2024 - Banque du Caire and the International Finance Corporation (IFC), a member of the World Bank Group, signed a financing agreement worth $100 million.

The agreement includes $50 million to sup...
PM Affirms Desire to Accelerate Boosting Share of Private Sector in Economy
5/12/2024 - Prime Minister Mostafa Madbouli said that the Egyptian government has a real desire to accelerate extending the participation of the private sector in the economy.

The premier made the rema...
Planning Minister Participates in IFC Day
5/13/2024 - Today, the private sector is no longer just an engine of growth, but a critical partner in achieving SDGs. Forward-thinking economies are recognizing the power of innovation to tackle challenges, and ...
Egypt to Host Joint Annual Meetings of Arab Financial Entities in New Administrative Capital
5/13/2024 - Egypt will host the Joint Annual Meetings of Arab Financial Institutions set to take place in the New Administrative Capital on May 22.

The decision reflects Egypt's commitment to supporti...
Green Growth Summit to Drive Sustainable Transition in Egypt, MENA
5/13/2024 - Hivos, an international cooperation organization, is set to host the highly-anticipated Green Growth Summit in Cairo on 14 May following the success of its recent summit in Tunisia.

The sum...

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