Day: September 11, 2024

Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, and Minister of Finance, Ahmed Kouchouk, met at the Ministry of Finance headquarters in the New Administrative Capital to discuss the progress of measures aimed at resolving financial entanglements between the National Investment Bank (NIB) and the National Post…

Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, met with Citibank Global representatives to discuss strengthening cooperation in policies aimed at supporting macroeconomic stability and empowering the private sector. The meeting comes as part of the minister’s ongoing efforts to engage with development partners and international institutions,…

Banks and mortgage companies participating in the Affordable Housing Initiative have provided financing worth EGP 73.09bn to more than 583,700 clients until August 2024. According to a report from the Social Housing and Mortgage Finance Support Fund, 22 participating banks have injected around EGP 70.626bn, benefiting approximately 564,102 clients, accounting…

Egypt’s Minister of Finance, Ahmed Kouchouk, announced a new package of tax incentives on Wednesday aimed at streamlining tax processes and boosting economic productivity. The announcement, made in a press conference, focuses on bolstering economic activity through simplified processes and incentives for businesses. Under the new measures, small and micro…

Alaa Farouk, Egypt’s Minister of Agriculture and Land Reclamation, received Ajit Gupta, the Indian Ambassador to Cairo, to discuss ways to enhance agricultural cooperation and related activities between the two nations. The meeting focused on advancing the agricultural partnership between Egypt and India. Minister Farouk emphasised Egypt’s leadership’s commitment to…

Naia Developments has announced a significant acceleration in construction progress at its flagship project, Naia Bay, located in Ras El Hekma on the North Coast. During a recent media tour, the company showcased its commitment to delivering the first phase of the project by the summer of the following year.…

Khaled Abbas, Chairperson of Administrative Capital for Urban Development (ACUD), met on Wednesday with board members of the New Cairo and New Administrative Capital Developers Association.   The meeting discussed several proposals aimed at advancing the work of the real estate development companies that are members of the association in…

Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), announced Wednesday that the authority collaborated with the Ministry of Communications and Information Technology to upgrade its service platform. The aim is to equip the authority with AI technologies to analyze the data of economic entities operating…

The Central Agency for Public Mobilization and Statistics (CAPMAS) announced Wednesday a 4.2% increase in the trade exchange between Egypt and Germany, reaching $2.5bn during the first half of 2024, compared to $2.4bn in the same period of 2023. In conjunction with German President Frank-Walter Steinmeier’s visit to Cairo, CAPMAS…

“IRSC” Innovative Renewable Solutions Company is proud to announce the signing of a strategic agreement with “Oriental Weavers”, the world’s leading manufacturer of woven carpets, to design and install a cutting-edge photovoltaic (PV) power plant with a capacity of 2.5 MWP. This project not only aligns with Egypt’s Vision 2030…