News

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…

The Central Bank of Egypt (CBE) received bids worth $1.141bn in its latest US dollar-denominated local Treasury bill auction, exceeding the offered amount of $950m, according to data published on the bank’s official website. The 364-day Treasury bills, offered on Monday and maturing on 2 February 2027, drew 26 bids.…

The General Authority for Investment and Free Zones (GAFI) has stepped up efforts to promote its Electronic Investment Licensing Platform, describing it as a cornerstone of Egypt’s drive to streamline licensing procedures and improve the investment climate. In a statement, GAFI said the platform represents a qualitative leap in the…

Serenity for Investment & Real Estate Management has officially launched its operations as Egypt’s first specialised developer focused on the development and management of memorial gardens, unveiling its inaugural project, Serene, in partnership with the Administrative Capital for Urban Development (ACUD). The Serene project will be developed over an initial…

Prime Minister Mostafa Madbouly on Monday ordered the immediate resolution of any financial or technical obstacles hindering the completion of Egypt’s coastal protection projects, citing the urgent need to address climate change risks. The directive followed a meeting to review the executive status of projects managed by the Egyptian General…

The Financial Regulatory Authority (FRA) has issued Decision No. 1 of 2026, raising the maximum financing limit for microenterprise funding provided by companies, associations, and civil society institutions from EGP 266,000 to EGP 292,000. In parallel, the Authority issued Decision No. 2 of 2026, increasing the maximum insurance coverage for…

Egypt’s engineering industries delivered a historic export performance in 2025, with overseas shipments reaching around $6.5bn—up 13% year on year and the highest level ever recorded by the sector—according to the Engineering Export Council of Egypt (EECE). The result marks a dramatic rise from $2.29bn in 2020, underscoring the impact…

A member of the Egyptian Businessmen’s Association and head of the Tax and Finance Committee of the Egyptian-Lebanese Businessmen’s Association, Rami Fathallah, anticipates that Turkey will invest over US$500 million in Egypt during 2026, in vital industrial and commercial sectors. Fathallah explained that these investments are expected to be concentrated…