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Mashat Discusses Cooperation With EBRD to Lure Private Sector's Participation in NWFE Projects
Egypt >> 5/17/2023 - Minister of International Cooperation Rania Mashat had talks with President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso on the executive measures taken in tandem ...
Cabinet Approves Bill on Incentives of Projects of Green Hydrogen, Its Derivatives
Egypt >> 5/17/2023 - The Cabinet approved - during its meeting under Prime Minister Moustafa Madbouli - a bill on incentives for projects of green hydrogen and its derivatives.

The bill stipulated that the law ...
Communications Minister Opens Pwc ETIC With $10mn Investments
Egypt >> 5/17/2023 - Minister of Communications and Information Technology Amr Talaat has opened Egypt’s Technology and Innovation Center (ETIC) of PricewaterhouseCoopers International Ltd (PwC) in Cairo, with investments...
President Directs Officials to Enhance Private Sector’s Role in Universal Health Insurance System
Egypt >> 5/17/2023 - Finance Minister Mohamed Maait said that the president had directed officials to enhance the private sector’s role in implementing the Universal Health Insurance System in order to swiftly carry out t...
Africa's Business Heroes Competition Plays Significant Role in Supporting Entrepreneurship Landscape
Egypt >> 5/17/2023 - The Africa’s Business Heroes (ABH) Prize Competition, a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, launched its fifth annual edition in March this year, cal...
Egypt's Business Community Welcomes New Decisions to Improve Investment Climate
Egypt >> 5/18/2023 - Egypt's business community has welcomed the government's new decisions bolstering support for investors in Egypt, while some members have called for more legislative reforms followed by relevant bylaw...
Egypt Facilitates VAT Exemption for Imported Production Equipment
Egypt >> 5/18/2023 - Egypt has amended the Value Added Tax (VAT) Law to facilitate procedures for waiving VAT taxes on machines and equipment imported for production, according to a statement by the Ministry of Finance.
INTERVIEW: Investing in Egyptians Key to Success, Says Egyptian-American Enterprise Fund Chair
Egypt >> 5/18/2023 - The US government-funded private equity Egyptian-American Enterprise Fund (EAEF) released its 10-year impact report this week, shedding light on its role in supporting Egypt’s economy.

EAEF...
Providing Foreign Currency Is Temporary Problem Resulting From Global Geopolitical Circumstances
Egypt >> 5/18/2023 - Planning Minister Hala el Saeed asserted that providing foreign currency is a temporary problem resulting from the geopolitical circumstances taking place around the world.

The increasing d...
Minister: Communications, IT Sector Reached Growth Rate of 16.3%
Egypt >> 5/20/2023 - Communications and Information Technology Minister Amr Talaat asserted that Egypt’s strategy, implemented by the ministry, aims at reaching a number of goals including enhancing the communications and...
Minister: State offers all facilitations to encourage agricultural investment
Egypt >> 5/20/2023 - Minister of Agriculture and land Reclamation El Sayyed El Quseir asserted the state is offering all possible facilitations to encourage local and foreign agricultural investment.

Egypt has ...
CBE Gets ISO Accreditation in Business Continuity Management
Egypt >> 5/20/2023 - The Central Bank of Egypt (CBE) has been awarded "ISO" 22301:2019 Certification in Business Continuity Management (BCM) from MSECB, a leading provider of quality certification and branding in the Midd...
Trade Minister Probes EV Investment Opportunities With India's Auto Giants
Egypt >> 5/20/2023 - Minister of Trade and Industry Ahmed Samir reviewed investment opportunities in the national auto industry during separate meetings with delegations from India's Hinduja and Motherson groups.

...
Interior Ministry Grants Foreign Investors One-Year Residence
Egypt >> 5/20/2023 - The Interior Ministry announced a decision to grant foreign investors wishing to do business in Egypt a one-year residence (not for a tourism purpose), which can be renewed for six months or a year th...
CAPMAS: Trade Exchange Between Egypt, Oman Up By 64.6% In 2022
Egypt >> 5/20/2023 - The volume of trade exchange between Egypt and Oman hit 1.1 billion dollars in 2022, compared to 650.8 million dollars in 2021, with an increase of 64.6 percent, according to the Egyptian Central Age...
Egypt's Central Bank Keeps Interest Rates Unchanged
Egypt >> 5/20/2023 - In line with widespread expectations, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to keep the overnight deposit rate, overnight lending rate, and the rate of the mai...
Shurooq Announces Major Progress on Three Key Real Estate Ventures in Sharjah at ACRES 2023
United Arab Emirates >> 5/20/2023 -  As leading global consultancies predict the UAE’s real estate sector to remain resilient throughout 2023, the Sharjah Investment and Development Authority (Shurooq) is successfully delivering on comp...
Egypt’s PM Assured of Availability of Sufficient Stocks of Various Medical Supplies
Egypt >> 5/21/2023 - During his meeting with head of the Egyptian Authority for Unified Procurement Bahaa El Din Zidan, Prime Minister Mostafa Madbouly has been updated on the availability of sufficient stocks of various ...
PM Follows Up Status of Gov't Dues to Arab Contractors Company
Egypt >> 5/21/2023 - Prime Minister Mostafa Madbouli asserted that the State was keen on accelerating the payment of dues owed by a number of governmental bodies to "Arab Contractors" Company in order to pursue with its p...
Flynas Posts Operational Growth in 2023 Q1 With 26% Increase in Passengers Number And 13% in Flights
Saudi Arabia >> 5/21/2023 - flynas, the Saudi air carrier and the leading low-cost airline in the Middle East, reported a remarkable growth in its operational performance during the first quarter of 2023 compared to the same per...

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