Month: June 2025

Prime Minister Mostafa Madbouly affirmed that the inauguration of Jumia’s logistics warehouse in Egypt reflects the confidence of major global companies in the country’s investment climate. Madbouly said such a step also highlights the trust in the government’s efforts to provide an investment-attracting climate for various projects and businesses across…

Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the agency has disbursed a total of EGP 57.5bn in funding for micro, small, and medium enterprises from July 2014 to May 2025. This figure marks a substantial increase compared to pre-2014 levels and reflects…

Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced that Monday, 30 June 2025, is the final deadline for submitting requests to settle outstanding tax disputes currently under review by appeal committees and courts. She stressed that no applications will be accepted beyond this date, in strict adherence…

During his visit to Türkiye to participate in the Global Transport Connectivity Forum 2025, Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, spearheaded a comprehensive diplomatic and investment outreach aimed at reinforcing Egypt’s global role in transport and industrial integration. Al-Wazir’s mission included…

The Housing and Development Bank (HDB) has been recognised as one of the top 100 best-performing companies on the Egyptian Exchange (EGX) for 2024, during the tenth edition of the Egypt for the Better Summit 2025. The event was held under the patronage of Prime Minister Mostafa Madbouly and attended…

The Central Bank of Egypt (CBE) has published the latest financial soundness indicators for the banking sector during the first quarter (Q1) of 2025. According to the report, the aggregate financial position of banks operating in Egypt, excluding the CBE itself, reached EGP 22.673trn in March 2025, compared to EGP…

The Organisation for Economic Co-operation and Development (OECD) and the Egyptian government have launched a report on small and medium-sized enterprise (SME) policy, which Cairo will use to update its national strategy for the vital sector, the government said on Saturday. The report, part of a cooperation programme between Egypt…