Egypt’s Prime Minister urges swift action on government IPOs
Egypt's Prime Minister Mostafa Madbouly chaired a meeting of the government offerings committee on Monday to review the progress of previously announced targeted company sales, with a focus on expediting…
Tax filing for 2024 to begin next Wednesday: ETA Chief
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced that the 2024 tax filing will begin next Wednesday, January 1, 2025. Individuals can file their tax returns until…
Housing Ministry activates New October Transformer Station to support urban growth
Minister of Housing, Utilities, and New Urban Communities, Sherif El-Sherbiny, has announced the activation of the New October Transformer Station, located in New October City. With a capacity of 220/22/22…
Al Ahly Capital boosts stake in Easy Lease to 97.55% in strategic acquisition
Al Ahly Capital Holding, the investment arm of the National Bank of Egypt (NBE), has acquired an additional 93.1 million shares—representing 46.55% of Easy Lease’s capital—from El Sewedy Capital Holding.…
Egyptian Intelligence Chief Meets Libyan Armed Forces Commander in Benghazi
Hassan Rashad, head of the Egyptian General Intelligence Service (GIS), met with Field Marshal Khalifa Haftar, General Commander of the Libyan Armed Forces, at the General Command headquarters in Benghazi…
CBE to offer $800m T-bill auction to settle previous issuance
The Central Bank of Egypt (CBE) will hold a Treasury bill (T-Bill) auction denominated in US dollars on Monday, offering $800m in new debt. The proceeds from this auction will…
Mansour Group, SAIC Motor announce $135m auto plant in Egypt
Prime Minister Mostafa Madbouly attended on Sunday the signing ceremony of a landmark agreement between Mansour Group and China's SAIC Motor to establish a $135m automotive manufacturing plant in Egypt.…
CBE increases transaction limits for financial inclusion accounts
The Central Bank of Egypt (CBE) has announced an increase in the maximum transaction limits for financial inclusion accounts, which apply to withdrawals, outgoing transfers, debit operations, and purchases. Under…
Fifth child dies from hypothermia in Gaza within one week
The Ministry of Health in Gaza announced on Sunday the death of 20-day-old Jumaa Al-Batran, who succumbed to severe cold and the lack of proper heating in the tents of…
Al-Sisi highlights digital transformation, ICT growth
Egypt’s President Abdel Fattah Al-Sisi held a meeting on Sunday with Prime Minister Mostafa Madbouly and Minister of Communications and Information Technology Amr Talaat to discuss key digital transformation initiatives…
