ETA expands digital services to enhance taxpayer support

Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), reaffirmed the authority’s commitment to enhancing electronic tax services, aiming to streamline procedures and reduce the burden on taxpayers. These efforts align with the Ministry of Finance and ETA’s broader strategy to simplify tax processes and foster greater trust between…

Minister of Supply discusses retail sector development with Panda

Minister of Supply and Internal Trade Sherif Farouk held an extensive meeting with Panda Retail Company, a leading player in the retail sector, to explore avenues for foreign investment and bolster Egypt’s food distribution system. The discussions focused on enhancing cooperation to strengthen the Egyptian market, stabilize prices, and ensure…

Egypt’s Universal Health System boosts economy, access: Al-Mashat

Egypt’s Universal Health Insurance System (UHIS) aims to provide healthcare coverage for all citizens and improve service quality, according to Minister of Planning, Economic Development, and International Cooperation Rania A. Al-Mashat. Speaking at the Universal Health Insurance Authority’s Annual Forum, Al-Mashat emphasized that the state is encouraging private sector involvement…

FRA updates investment rules for insurance companies

The Financial Regulatory Authority (FRA), under the leadership of Mohamed Farid, has issued Decision No. 2 of 2025, introducing new investment rules and ratios for the funds of insurance and reinsurance companies. This initiative aligns with the authority’s ongoing efforts to establish flexible regulatory frameworks that allow companies to diversify…

Egypt’s annual urban inflation eases to 24% in January

Annual urban inflation in Egypt slowed slightly to 24% in January 2025, down from 24.1% in December 2024, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). However, monthly inflation saw a notable increase, rising to 1.5% in January from just 0.2% the previous month. In its latest…

Egypt prioritises summer energy needs, efficiency improvements

Egyptian Prime Minister Mostafa Madbouly is overseeing efforts to secure the country’s energy needs for the upcoming summer and improve the efficiency of electricity consumption. During a meeting held Monday, Madbouly reviewed progress with Minister of Electricity and Renewable Energy Mahmoud Essmat, Minister of Petroleum and Mineral Resources Karim Badawi,…

Morshedy Group acquires iconic Zamalek Tower in EGP 2.5bn deal

Morshedy Group, led by businessman Mohamed Morshedy, has acquired the landmark Fouda Tower in Zamalek from a major state-owned bank in a deal worth EGP 2.5bn ($50m). This strategic acquisition aligns with Morshedy Group’s expansion plans, furthering its commitment to high-end developments while supporting the state’s initiative to increase hotel…
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