The Industrial Development Authority (IDA) decided yesterday to give factories in industrial zones a penalty-free extension until 31 December to get their permits and industrial registration paperwork in order. The extension applies to both idle and working factories and grants the latter an exemption from having to submit proof of intent when applying for permits.
More from Enterprise
AI in Egyptian banking is “in its infancy,” and the pause is deliberate
Bankers say the rules aren’t written yet. Data center builders…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…