Egypt Rolls Out EGP 3 bn Initiative to Support Tourism: Minister

• Tuesday, 12th May 2020
• by Invest Gate

Egypt's Ministry of Finance has agreed to present EGP 3 bn in funding provided by the Central Bank of Egypt (CBE) to state banks for soft loans to tourist and hotel establishments at 5% annual interest, in a bid t ...

Gov’t Offers Industrial, Tourism Firms Real Estate Tax Relief

• Thursday, 19th March 2020
• by Invest Gate

Egypt's Cabinet, headed by Prime Minister Mostafa Madbouly, decided to grant real estate tax relief for all businesses operating in the industrial and tourism sectors for a time period of three months, Invest-Gate ...

Cabinet Approves Amendments to Property Tax Law

• Sunday, 26th January 2020
• by Invest Gate

Egypt's cabinet approved draft amendments to the Real Estate Tax Act, exempting idle land from property tax

Egypt Advances 6 Spots in WB’s Doing Business 2020

• Sunday, 27th October 2019
• by Invest Gate

Egypt's ranking advanced six spots in the World Bank (WB) Group’s Doing Business 2020 report, thanks to the notable reforms being implemented for economic growth.

Real Estate Tax Law to be Issued Within 1 M: Official

• Wednesday, 26th December 2018
• by Invest Gate

Head of Parliament's Housing Committee Alaa Waly officially stated to Invest-Gate that Egypt's real estate tax law has been approved and will be issued within a month.

Real Estate Tax Revenues Increase 70% in H1 of FY17/18

• Sunday, 28th January 2018
• by Invest Gate

Real estate tax revenues increased 70% year-on-year in the first half of FY2017/18

New Kuwaiti Taxes to Affect Real Estate Sector

• Sunday, 22nd January 2017
• by Farah Montasser

Kuwait’s government attempt to impose taxes and increase costs on expats will further affect the real estate sector specifically commercial segment, while the effect on the investment sector will also be great

Federation of Egyptian Banks Calls for Tax Exemption on Foreclosed Properties

• Saturday, 9th April 2016
• by Nadine Abou el Atta

The Federation of Egyptian Banks (FEB) is preparing to submit a memorandum to Tarek Amer, Governor of the Central Bank of Egypt (CBE), calling for tax exemptions for banks holding foreclosed real estate properties, a ...