Egyptian Senate discusses amendments to real estate tax law

The Egyptian Senate discussed during its plenary session on Sunday a report on a government-proposed bill to amend certain provisions of Law #196 of 2008 concerning the tax on built properties. The Chairman of the Senate’s Committee on Financial, Economic, and Investment Affairs, Representative Ahmed Abu-Hashima, presented the committee’s report.…

Algeria’s Condor enters Egyptian market, plans local manufacturing

Algeria’s Condor Group has officially launched its brand in the Egyptian market, marking a new phase in its regional expansion strategy focused on investment, partnerships, and local manufacturing, rather than exports alone. The announcement was made during a high-level event attended by Algerian parliamentary and diplomatic officials, alongside industry stakeholders,…

Al Ahly Pharos advises on EGP 3.52bn Tasaheel securitization deal

Al Ahly Pharos, the investment banking arm of the National Bank of Egypt, successfully acted as financial advisor, transaction lead arranger, underwriter, and book-runner for Capital Securitization Company’s fourth securitization issuance of the 12th program, valued at EGP 3.52bn. The issuance is secured by a portfolio worth EGP 4.27bn assigned…

Egypt, Qatar sign MoU to expand cooperation in energy

Egypt and Qatar have signed a memorandum of understanding (MoU) in Doha to strengthen cooperation in the energy sector, particularly in the sale and import of liquefied natural gas (LNG), as well as other areas of energy collaboration. The MoU was signed by Egypt’s Minister of Petroleum and Mineral Resources,…

Transport Minister inspects progress on Cairo Metro Line 4 phase one

Kamel Al-Wazir, Minister of Transport and Minister of Industry and Deputy Prime Minister for Industrial Development, conducted an inspection tour of phase one of Cairo Metro Line 4, as part of the government’s ongoing monitoring of national transport projects in line with directives from President Abdel Fattah Al-Sisi. The minister…