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Cabinet approves USD 88 mn auto cables plants, ATIDI membership, fresh foreign assistance
The factory will earmark a sizable portion of its output — made using 60% locally-sourced materials — to exports
Cabinet greenlights freezone, tourist port for Ras El Hekma
Ras El Hekma for Urban Development will set up the free zone and tourist port
Fresh capital requirements for mortgage finance firms + more approved by the cabinet
The cabinet approved amendments hiking the capital requirements for mortgage finance firms to EGP 100 mn
Cabinet greenlights regs for Building Reconciliation Act + much more
Justice Minister Omar Marwan had said that the regulations will be out no later than 22 February
Gov’t unveils new economic and social development targets for the next fiscal year
The Madbouly government now sees the economy growing at a 4.2% clip in fiscal year 2024-2025
Cabinet extends deadline for foreigners to sort out residency permits
Foreigners now have until August to legitimize their residency
Cabinet approves EU + EIB financing, new golden license, green hydrogen consultant
The funds will help finance the Sustainable Green Industry project, which seeks to combat industrial pollution
Cabinet greenlights Unified Budget Act amendments
Cabinet also approved public-sector wage, pension hikes
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