Friday 04 Apr

Egypt

Fawry profits surge 114.3% to EGP1.7 billion in 2024
2025/03/02

Fawry profits surge 114.3% to EGP1.7 billion in 2024

The consolidated financial statements of Fawry for Banking Technology and Electronic Payments revealed that the company's profits increased by 114.35% year-on-year during the past year.

GB Corp profits exceed EGP3 billion in 2024
2025/03/02

GB Corp profits exceed EGP3 billion in 2024

The consolidated financial statements of GB Corporation for the past year revealed a 68.9% year-on-year increase in the company's net profit.

Tax Experts Association launch free startup compliance initiative
2025/03/01

Tax Experts Association launch free startup compliance initiative

The Egyptian Tax Experts Association is launching a significant initiative to support startups in Egypt. They will provide free tax compliance services to 1,000 startups,...

Abu Ismail: Al-Khatib leads initiative to end Moroccan goods seizure
2025/03/01

Abu Ismail: Al-Khatib leads initiative to end Moroccan goods seizure

Ambassador Nizar Abu Ismail, Chairman of the Egyptian-Moroccan Business Council, underscored the enduring relationship between Egypt and Morocco, emphasizing their historical, cultural, political, and economic...

Egyptian Tax Authority issues guide to new tax incentive initiative
2025/02/25

Egyptian Tax Authority issues guide to new tax incentive initiative

The Egyptian Tax Authority has released an explanatory guide detailing the Tax Incentives and Facilities Initiative (First Package), following the recent presidential law. Dr. John...

Juhayna borrows EGP1 billion from Emirates NBD
2025/02/25

Juhayna borrows EGP1 billion from Emirates NBD

Juhayna Food Industries has secured a financing agreement exceeding one billion Egyptian pounds with Emirates NBD - Egypt. The funds will support working capital, the...

51.3% growth in Egyptian overseas remittances
2025/02/25

51.3% growth in Egyptian overseas remittances

Following the March 2024 economic reforms, remittances from Egyptians working abroad surged. December 2024 saw a doubling to $3.2 billion (from $1.6 billion in December...

Egypt targets $500M from expat housing initiative
2025/02/24

Egypt targets $500M from expat housing initiative

Minister of Housing, Utilities, and New Urban Communities, Sherif El Sherbiny, announced the ministry's goal to generate $500 million through the 'Your Home in Egypt'...