Day: June 23, 2026

Egypt’s House of Representatives granted final approval on Tuesday to a draft law amending the Value Added Tax (VAT) law, significantly reducing the tax on medical devices to 5% while subjecting natural gas to a new schedule tax. During a plenary session chaired by Speaker Hesham Badawy, the parliament passed…

The Financial Regulatory Authority (FRA) has approved 13 companies to undertake a range of non-bank financial activities, as part of its continued efforts to enhance the quality and competitiveness of sectors under its supervision, strengthen their attractiveness to investment, and expand citizens’ access to financial services. The approvals included the…

The Minister of Supply and Internal Trade, Sherif Farouk, held a meeting with officials from TMT for Multi Trading & Distribution (TMT), a leader in the management and operation of modern retail chains and the operator of Circle K branches in Egypt, to explore potential cooperation within the ministry’s “CARRY…

Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, met with members of the Egyptian Private Equity and Venture Capital Association (EPEA) during the association’s Capital Call initiative to discuss the government’s investment reform agenda and private-sector priorities. The session brought together representatives from more than 50 investment, financial, and…

The Ministry of Justice has signed a cooperation protocol with Sahl, Egypt’s premier mobile bill payment app, to enable e-payment and collection of ministry-related fees and services through the company’s nationwide payment network. The agreement seeks to simplify procedures for citizens and litigants while enhancing the efficiency and accessibility of…

Gold prices in Egypt fell sharply on Tuesday, pressured by a steep decline in global bullion markets and the continued stability of the Egyptian pound against the US dollar, pushing the precious metal to its lowest level since the start of 2026. According to an analysis by Gold Bullion, local…

Mahmoud Esmat, Minister of Electricity and Renewable Energy, met with Sherif Helmy, Chairperson of the Nuclear Power Plants Authority (NPPA), and Osama El Metbouly, Head of the Ministry’s Security Sector, to review implementation of the physical protection plan, developments related to the security city at the project site, preparations for…

Egypt’s Ministry of Water Resources and Irrigation and Coca-Cola have discussed a potential project to treat and desalinate agricultural drainage water using renewable energy, as part of efforts to enhance water sustainability and expand non-conventional water resources. The ministry said Water Resources Minister Hani Sewilam met with representatives of Coca-Cola…

Egypt’s Health Minister Khaled Abdel Ghaffar reviewed ongoing development projects at state-run teaching hospitals and institutes, stressing the need to accelerate construction and modernisation efforts to expand specialised healthcare services and improve quality of care. The Health Ministry said Abdel Ghaffar chaired a meeting of the board of the General…