Saint-Gobain launches €160m flat glass factory in Sokhna
Prime Minister Mostafa Madbouly observed the signing of a pivotal agreement between the SCZONE and Saint-Gobain Egypt Glass Alliance. This agreement, signed by SCZONE’s Vice President Mohamed Abdel Gawad and…
Egypt targets 4.2% growth, prioritizes green investments in FY 2024/25 development plan
The Egyptian Cabinet has approved an economic and social development plan for the fiscal year (FY) 2024/25, aiming for a 4.2% growth rate and a significant boost in private and…
Recent CBE decisions poised to reshape local real estate market: Savills Egypt
Savills Egypt, the local office of the leading global real estate advisor, revealed its preliminary insights on the potential effects of the Central Bank of Egypt's (CBE) recent decisions on…
ValU to issue EGP 800m in treasury bonds next month
ValU, a leader in Buy Now Pay Later solutions, is set to issue treasury bonds valued at EGP 800m next month, insiders told Daily News Egypt. This follows a recent…
EGX proposes Islamic index methodology for Shariah compliance review
Anticipated launch of index before mid-year, say sources
Egypt, UK emphasise importance of enforcing UN Security Council ceasefire resolution in Gaza
Foreign Minister Sameh Shoukry of Egypt and his UK counterpart, David Cameron, underscored the importance of enforcing the UN Security Council’s ceasefire resolution in the Gaza Strip during Ramadan. This…
Al-Sisi discusses regional, bilateral affairs with US congressional delegation
Egypt’s President Abdel Fattah Al-Sisi welcomed a US congressional delegation on Wednesday. The delegation was led by the Chairman of the Counterterrorism, Law Enforcement, and Intelligence Subcommittee, Republican Congressman August…
Egyptian Tax Authority outlines value-added tax refund criteria
The Egyptian Tax Authority (ETA) has streamlined procedures to enhance the investment environment and support investor-driven development. Rasha Abdel Aal, the head of ETA, announced Wednesday that value-added tax (VAT)…
Innovation is the pulse of business: CEO of Fine Hygienic Holding
Daily News Egypt sat down with James Michael Lafferty, the CEO of Fine Hygienic Holding, to discuss the company’s investment strategies, particularly in Egypt. With the current global economic challenges,…
Egypt approves EGP 6.4trn budget, aims to cut deficit, boost social spending
Egypt's cabinet greenlighted a record EGP 6.4 trillion ($135.45bn) budget for fiscal year (FY) 2024/25, prioritizing deficit reduction and increased social spending. This marks the first time the government has…