News / Egypt

Al Ahly Sabbour Contributes to Tahya Masr Fund to Combat COVID-19

Al Ahly Sabbour, the leading real estate developer, joined forces with the Tahya Masr Fund to supply COVID-19 patients with ventilators and a total of 75,000 test kits to help identify cases, Invest-Gate reports.

Finance Minister Announces New Exemption for Exporters

Egypt’s Minister of Finance and Coordinator of the Cabinet’s Economic Cluster Mohamed Moeit announced that export enterprises will be exempted from introducing the fiscal position certificate required for disbursing arrears, Ahram Online reports.

TMG Unit Releases 1st Corporate Sukuk Worth EGP 2 bn

Talaat Mostafa Group's (TMG), the Arab Company for Projects and Urban Development, succeeded in getting the approval of issuing Sukuk, or Islamic bonds, worth EGP 2 bn

Utilities to be Installed in New Obour City: El Gazzar

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said that the most distinguished, social housing, and Bayt El Watan projects in New Obour City will see utilities installed

Sisi Issues Incentives to Minimize Impact of COVID-19

Egypt’s President Abdel-Fattah El-Sisi announced several measures to cushion the negative implications of the pandemic outbreak on the economy

Sadat City Sees 1,470 Units Completed by 80%: Official

The New Urban Communities Authority’s (NUCA) Vice President Kamal Bahgat said that Fardous Compound has seen 80% of its 1,470 social housing units finalized in Sadat City

«المجتمعات العمرانية»: 80% نسبة الإنجاز بحي الفردوس للإسكان الاجتماعي في مدينة السادات

أكدت هيئة المجتمعات العمرانية الجديدة أن نسبة الإنجاز بمشروع الإسكان الاجتماعي بحي الفردوس في مدينة السادات بلغت ما يقرب من 80%، حيث يجرى تنفيذ 1470 وحدة سكنية داخل 87 عمارة،

Sisi Sees No Need for Work Suspension Over COVID-19

Egypt's President Abdel-Fattah El-Sisi said he is not in favor of suspending all businesses in the country due to the coronavirus (COVDID-19)

CBE Suspends I-Score Lists Amid COVID-19 Outbreak

The Central Bank of Egypt (CBE) announced on April 7 suspending blacklists (I-Score) for 8,000 enterprises and negative lists for 100,000 individuals

Tourism Businesses Get New Tax Incentives

Hotels and other businesses in the tourism industry will be getting a three-month extension of their tax deadline, also without any penalties or late fees

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