Egypt’s Prime Minister Mostafa Madbouly has defended his government’s decision to offer unused state-owned lands for investment in partnership with the private sector, insisting that the initiative is about unlocking …
Egypt
- EconomyEgyptGovernment PolicyINVESTMENTReal EstateUncategorizedUrban Development
Egypt and China have sealed a landmark $1 billion agreement to establish a major tire manufacturing facility in the Suez Canal Economic Zone (SCZONE), a move aimed at boosting Egypt’s …
- BusinessEconomyEgyptGovernment PolicySmall BusinessTaxation
Egypt Makes Simplified Tax System a Permanent Support for Small Businesses
Egypt has taken a big step to ease the tax burden on small and micro-enterprises by making its simplified tax system a permanent feature of the country’s business environment. The …
- Business and EconomyChina-Africa RelationsCorporate StrategyEconomyEgyptForeign AffairsIndustrial DevelopmentInfrastructureINVESTMENTManufacturing
Egypt, China’s Sailun Group Sign $1 Billion Deal for Tire Factory in Suez Canal Economic Zone
Egypt has entered into a major $1 billion agreement with China’s Sailun Group to build a large automotive tire manufacturing plant in the Suez Canal Economic Zone. The deal, announced …
- EgyptGovernment PolicyHousingLegal AffairsNewsReal EstateTenants and Landlords
Egypt Begins Implementation of New Old Rent Law Procedures
Egypt’s Ministry of Housing has announced the start of official steps to implement the new “old rent” law, with a focus on Article 8, which defines the rights and responsibilities …
- AfricaDevelopmentEconomyEgyptInfrastructureInternational RelationsINVESTMENT
Can Egypt’s New Capital Project Prove Critics Wrong?
Egypt is moving forward with its New Administrative Capital (NAC), a multi-billion-dollar mega city project meant to reduce pressure on Cairo and become the country’s new political and economic centre. …
- Eastern AfricaEgyptGOVERNMENTInnovationKenyaNigeriaPoliciesTechnology
Kenya’s Startup Ecosystem Hits Record Global Ranking, Beats Nigeria and Egypt in Growth
Kenya has achieved its highest-ever position in the global startup ecosystem rankings, bolstered by a rapid growth rate of over 30 percent — the fastest among countries ranked between 51st …
- Banking, Finance & InvestmentDevelopmentEconomyEgyptFinance & Services
Egyptian Banks Record EGP 152.76 Billion Profit in First Quarter of 2025
Banks in Egypt made a huge net profit of EGP 152.76 billion during the first quarter of 2025. This was made known in a report released by the Central Bank …
The General Petroleum Company (GPC) in Egypt has announced a new oil discovery in Abu Sannan area of the country’s Western Desert. The announcement was made in line with the …
- EgyptELECTRICITYEnergySecurity
Egypt Boosts Gas Supply to Keep Electricity Flow Amid Regional Tensions
The Prime Minister of Egypt, Mostafa Madbouly, has announced that the Egyptian government is making strong efforts to make sure there is enough energy, especially natural gas, to keep power …