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Egypt’s budget deficit narrows to 2.2% during 1Q of FY 2024-25
The first quarter of FY 2024-25 saw positive trends across Egypt’s budget deficit and revenues
Cabinet approves changes to debt management committee and setting up an energy planning committee + tax facilities
Gov’t debt management committee will be tasked with setting an annual cap for our external borrowing
Sidpec to set up a USD 159 mn sodium cyanide factory + DP World to look into setting up a freezone in the new capital
Sodium cyanide is the solution commonly used for gold extraction
Talk shows cover the razing of historical tombs
Antiquities Ministry confirms the razing of ten tombs amid broader urban renewal drive: Around ten historical tombs have been demolished…
Heba El Sayed appointed as the head of the Internal Trade Development Authority
Internal Trade Development Authority has a new boss at the helm: Supply Minister Sherif Farouk appointed Heba El Sayed (LinkedIn)…
TAG Oil is raising USD 7.2 mn to fund activities in Egypt. PLUS: News from Knauf, Oppo, Elsewedy
The company will use the funds to expand its work in the Badr field as well as a new 512k-acre…
A new investment zone, a new industrial zone and more approved by the cabinet
Cabinet approved the establishment of a new integrated investment zone in Abu Rawash
Redrafted Labor Act receives provisional approval from House committee. PLUS: News from Kazyon, Tez Tours, Huawei, B-Well
The redrafted bill will be sent to the cabinet for approval and then referred back to the House
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