Al-Sisi orders timely payment of dues to oil, gas contractors to boost economic growth
Egyptian President Abdel Fattah Al-Sisi has directed the government to ensure the regular payment of financial dues to companies contracting with the state in the oil and gas sector. The…
FEI advocates for equal property tax treatment for healthcare facilities, factories
The Chamber of Healthcare at the Federation of Egyptian Industries (FEI) held a board meeting chaired by Alaa Abdel-Meguid, President of the Chamber, to discuss several key issues impacting the…
FEDCOC urges increased support for manufacturers, advocates for tax exemptions
Ahmed Zaki, Secretary-General of the Exporters' Division at the Cairo Chamber of Commerce, Chairperson of the African Affairs Committee at the Federation of Chambers of Commerce (FEDCOC), and Chairperson of…
El-Shimy reviews Continental Hotel tender process, updates on tourism, hotel projects
Mohamed El-Shimy, Minister of Public Enterprises Sector, has visited the Egyptian General Company for Tourism and Hotels (EGOTH), a subsidiary of the Holding Company for Tourism, Hotels and Cinema (HOTAC),…
MSMEDA injects EGP 6bn in 2024 financing, sets ambitious goal to double support in 2025
Basil Rahmi, CEO of the Micro, Small, and Medium Enterprise Development Authority (MSMEDA), revealed that the authority successfully injected EGP 6bn into Egypt’s medium, small, and microenterprise sector during 2024.…
ADIB opens 72nd branch at Mall of Egypt
Abu Dhabi Islamic Bank - Egypt (ADIB) has opened its 72nd branch inside Mall of Egypt, further expanding its network across Egypt. This new branch is part of the bank's…
Suez Canal Bank increases issued capital to EGP 6.5bn
Suez Canal Bank has announced an increase in its issued capital from EGP 5bn to EGP 6.5bn, marking a rise of EGP 1.5bn. The capital boost is funded by the…
Banque Misr reports EGP 93.3bn pre-tax profits in 9M 2024
Banque Misr has posted pre-tax profits of EGP 93.345bn for the first nine months of 2024, marking a significant increase from EGP 59.305bn in the same period last year. According…
Financial position of banks in Egypt surpasses EGP 21.187trn in September 2024: CBE
The Central Bank of Egypt (CBE) has announced that the total financial position of banks operating in Egypt increased to EGP 21.187trn in September 2024, from EGP 19.336trn in June…
Must-visit destinations in Egypt for 2025
As a new year begins, Egypt beckons travellers to uncover its treasures—where ancient history intertwines with vibrant culture. From iconic monuments to breathtaking landscapes, Egypt offers an array of experiences…
