Month: June 2025

A new dialysis filter factory in Egypt is set to begin operations this July, marking a significant step toward self-sufficiency in medical supplies. The plant, built at a cost of EGP 160m, is expected to cover 65% of the country’s local demand and generate annual savings of up to EGP…

The Egyptian House of Representatives, in a general session on Sunday chaired by Speaker Hanafy Gebaly, approved a government-submitted draft law amending select provisions of the Value Added Tax Law (Law No. 67 of 2016). The amendment aims to strengthen state revenues and promote tax and social equity. Under the…

The Egyptian Tax Authority (ETA) announced on Sunday a set of limited amendments to the Value-Added Tax (VAT) Law, designed to broaden the tax base, correct market distortions, and strengthen the state’s capacity to finance increased investments in human development. The Authority noted that these changes were introduced in response…

Mahmoud Esmat, Egypt’s Minister of Electricity and Renewable Energy, continued high-level discussions and convened meetings with leading Chinese companies specializing in electrical equipment and technology during his participation in the Shanghai Conference on Renewable Energies, Clean Energy Solutions, and the Energy Transition in China. Esmat conducted on Sunday a field…

Ahmed Essam Seoudy, Managing Director and CEO of TRU Finance, a consumer finance company operating in Egypt, announced that the sector is experiencing robust growth in demand for financing services. Seoudy revealed that the number of customers benefiting from consumer finance solutions nearly doubled in the first four months of…

Sakan Developments has announced the launch of its latest project, Park-U, located in El Shorouk City, with total investments exceeding EGP 4.8bn. This ambitious development marks a significant milestone in the company’s growth strategy. Sakan Developments has already delivered more than 56 projects and handed over over 250 residential units,…

Brevan Developments has officially launched a new phase of its Lake House residential project in New Obour City, responding to increasing demand for integrated, modern living communities. Saeed Sakr, a board member at Brevan Developments, announced that the upcoming phase will introduce competitively priced residential units, accompanied by flexible payment…