News

Somabay Group is set to participate in the 20th Nile Property Expo in London, where it will showcase its vision for luxury coastal living to international investors and members of the Egyptian community abroad. Through its presence at the exhibition, Somabay will highlight the unique lifestyle and investment opportunities offered…

Cairo – June 24, 2026: Amer Holding announced the appointment of Dalia El Kordy as the Group’s Chief Commercial Officer, reflecting its commitment to strengthening its leadership structure and supporting its strategic growth and expansion plans for the coming period. Bringing more than 30 years of professional experience, El Kordy…

  What’s easier: fighting through crowds to go shopping, or just ordering online? Convenience at the tap of a button is officially beating the traffic lights and gridlock. That’s why over the past decade, Egypt’s e-commerce sector has evolved from a minor trend into a cornerstone of the mainstream retail…

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…