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 disbursi ...

Egypt Secures EGP 7.5 mn Grant for Japanese Schools

Egypt and Japan inked on May 30 an EGP 7.5 mn agreement to back the Egypt-Japan School (EJS), bringing the size of cooperation between both countries in the field of education to USD 285 mn (nearly EGP 4.761 bn)

Sisi Approves EGP 11.415 mn Deal with China for Railway Project

Egyptian President Abdel Fattah El Sisi issued on May 9 a decree approving a framework agreement with China, under which Beijing will offer a soft loan not exceeding CNY 4.604 mn yuan (around EGP 11.415 mn) to Cai ...

Sisi Inaugurates 12 Major Infrastructure Projects in Ismailia

Egyptian President Abdel Fattah El Sisi on May 5 inaugurated 12 mega national projects, connecting Sinai to the Nile Delta, a step which comes under the country’s pursued Sinai Peninsula development project.

Sisi Signs USD 18.3 bn Agreements With Chinese Investors

President Abdel-Fattah El-Sisi has met a delegation of Chinese businessmen including owners of major companies on Sunday, September 3

Religious Developments to be Established in the Administrative Capital

The Armed Forces Engineering Authority have started implementing a mosque and a church, Saint Mark’s Cathedral, in the new Administrative Capital City at a total investment cost of EGP 400 mn, Al Borsa reported

State to Offer Land at 35% Discount

The Supreme Council for Investment has agreed to provide a 35% discount on land prices for a period of two months until the end of the year.

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