EU to disburse €1bn to Egypt on Thursday under Macro-Financial Assistance mechanism
Egypt is scheduled to receive a €1bn disbursement from the European Union this coming Thursday under the Macro-Financial Assistance (MFA) budget support mechanism, according to Minister of Planning, Economic Development…
VAT exemptions, extended payment suspension introduced in new tax facilitation package
Rasha Abdel Aal, Head of the Egyptian Tax Authority, announced that the second package of tax facilitation measures includes a series of significant legislative amendments aimed at supporting economic activity…
Egypt reviews staffing gaps, administrative overhaul at water ministry
Egypt’s Minister of Water Resources and Irrigation, Hany Sewilam, met with Hatem Nabil, head of the Central Agency for Organisation and Administration, to discuss institutional reform and ways to address…
Egypt reiterates call for Sudanese unity ahead of Cairo peace talks
Egyptian Foreign Minister Badr Abdelatty emphasised the priority of preserving Sudan’s unity and state institutions during a meeting with the United Nations Personal Envoy to Sudan on Tuesday. The talks…
Egypt’s trade deficit widens to $4.58bn in October 2025
The Central Agency for Public Mobilization and Statistics (CAPMAS) has released its monthly Foreign Trade Data bulletin for October 2025. Egypt’s trade deficit stood at $4.58bn in October 2025, compared…
Contact, Al Safy Group partner to launch integrated FinTech-powered financing platform
Contact, a leading provider of non-banking financial services in Egypt, has signed a memorandum of understanding with Al Safy Group to establish a strategic partnership aimed at enhancing the financing…
EIB Global offers $150m financing for Africa’s largest hybrid solar PV project in Egypt
The European Investment Bank (EIB), through its development arm EIB Global, announced on Tuesday a $150m financing package for Egypt’s Obelisk solar photovoltaic project, coinciding with the inauguration of the…
Egypt, Oman explore expanded cooperation, expertise exchange in mining sector
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, met with Mohsin Alhadhrami, Undersecretary of Oman’s Ministry of Energy and Minerals and Chairperson of Petroleum Development Oman, on the sidelines…
Egypt is Africa’s largest recipient of private foreign investment for fifth year: Finance Minister
Egypt has ranked as Africa’s largest recipient of private foreign investment for the fifth consecutive year, Finance Minister Ahmed Kouchouk said. Speaking at a conference organised by the Egyptian–African Businessmen’s…
Sky Ports invests $50m to build cement storage silos at East Port Said multi-purpose terminal
Port Said – Sky Ports Group for Shipping and Stevedoring has announced the commencement of construction for a bulk cement export terminal within its multi-purpose terminal at East Port Said…
