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Egypt may exempt state-affiliated, strategic factories from property tax
EXCLUSIVE- Gov’t mulling whether to give property tax exemptions to state-affiliated factories and private-sector companies in a handful of “strategic”…
Shaker unmoved by calls to cut electricity prices for Egyptian industry
Shaker unmoved by calls to cut electricity prices for industry: Electricity Minister Mohamed Shaker rejected several proposals at a meeting…
Bombardier wants to set up a monorail component factory in Egypt’s SCZone
Canada’s Bombardier is interested in building a monorail components plant in the Suez Canal Economic Zone, Transport Minister Kamel El…
Egypt settles export subsidies with 32 companies in exchange for new investment
Gov’t settles export subsidies with 32 companies in exchange for new investment: Agreements signed by the trade and finance ministers…
Egypt’s Mwasalat Misr deploys electric buses on Abdel Moneim Riad route
Mwasalat Misr has started using electric buses on a route it operates between Abdel Moneim Riad square and New Cairo,…
Manufacturers to directly remit VAT to FinMin for their purchases of scrap metal
Steel and iron, aluminum, and copper manufacturers will be remitting value-added tax for their purchases of scrap as raw materials…
Egyptian Investors Federation propose debt transfer scheme for faltering factories
The Egyptian Federation of Investors Associations proposed transfering faltering factories’ outstanding debts that fall between EGP 10 mn to EGP…
Three agreements signed at Egyptian Swiss Investment Forum, El Sewedy receives Swiss delegation to cooperate in vocational education
Egypt, Switzerland sign agreements at investment forum: The General Authority for Freezones and Investment (GAFI) signed a cooperation MoU with…
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