News

Egyptian retail chains will launch dedicated “Ahlan Ramadan” sections across all branches next week, following a government agreement with food producers to freeze or lower commodity prices, Minister of Supply and Internal Trade Sherif Farouk said on Tuesday. The move, aimed at ensuring market stability ahead of the holy month,…

Egypt’s ready-made garments exports to Europe have recorded a sharp increase of 180% over the past five years, reflecting the sector’s growing integration into global supply chains, according to the Apparel Export Council of Egypt (AECE). As part of its strategic efforts to strengthen Egypt’s position as a competitive sourcing…

The World Bank and Egypt have reviewed the progress of the $200m Greater Cairo Air Pollution Management Project alongside a broader green growth strategy, Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat said on Tuesday. The air pollution project, which is supplemented by a $9.3m grant from the…

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva Monday lauded Egypt’s advancements in expanding digitalization within its tax sector. Addressing at the 10th Annual Arab Fiscal Forum in Dubai, the UAE, Georgieva addressed a high-level assembly including finance ministers from Jordan, Libya, Lebanon, Somalia, and Syria, alongside central…

Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), said the second package of tax facilitation measures—comprising 26 provisions—places strong emphasis on supporting compliant taxpayers, notably by accelerating value-added tax (VAT) refunds, expanding the number of eligible cases, increasing refundable amounts, and simplifying related procedures. Speaking at a conference…