Saturday, June 22, 2024

Egypt

‘Egyptians abroad car import’ initiative surpasses expectations, nearing $2 billion in revenue

Mohamed Maait, Egyptian Minister of Finance, confirms that the applications registered by Egyptian citizens residing abroad to benefit from the “Facilitation of Car Import for Egyptians Abroad” initiative are pushing our expectations towards $2 billion in revenues.He explained...

CAPMAS reports 36.5% increase in Egypt’s cotton exports during 2023

The annual report of the Central Agency for Public Mobilization and Statistics (CAPMAS) on cotton for the 2022/2023 agricultural season revealed an increase in Egypt’s cotton exports by 36.5 percent.The report indicated that the total quantity exported amounted...

Abu Dhabi Ports Group pumps $4.7 million into Egyptian cruise terminals for luxury tourism boom

Egypt and Abu Dhabi Ports have finalized an agreement to build cruise ship terminals in several Egyptian ports.These ports include Safaga, Hurghada, and Sharm El-Sheikh. The official signatories are the General Authority of Red Sea Ports on behalf...

Petroleum min., Japanese amb. discuss arrangements for Arab-Japan Economic Forum

CAIRO, June 11 (MENA) – Minister of Petroleum and Mineral Resources, Tarek el-Molla discussed with Japanese ambassador in Cairo Oka Hiroshi ongoing arrangements for Arab-Japan Economic Forum, set for the Japanese capital, Tokyo, on July 10.In statements Tuesday,...

IMF, Egypt reaches staff level agreement worth US$820 million

The International Monetary Fund (IMF) announced on Thursday that it reached a staff level agreement with Egyptian authorities on a set of comprehensive policies and reforms needed to complete the third review under the Extended Fund Facility (EFF)...

InstaPay gets smarter: Cardless ATM and mobile payments coming soon

Enhancements are underway for Egypt’s instant payment network, “InstaPay,” to introduce a range of convenient new services, according to a statement issued by the Central Bank of Egypt on Thursday.These include: Cardless ATM withdrawals: Users will be able...

CBE’s foreign exchange reserves rises to record level by end of May

The Central Bank of Egypt (CBE) revealed an increase in the balances of gold listed in the foreign exchange reserve to reach US$9.557 billion at the end of May, compared to $9.384 billion at the end of April...

GAFI CEO says diversity of economy, investment systems protect Egypt against future risks

CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba said Monday that the diversity of Egyptian economy and investment systems have succeeded in protecting the national economy against global risks.Speaking on the sidelines of...

Is Egypt preparing to impose new taxes?

Egyptian Finance Minister Mohamed Maait said that the “2024/2030 tax policy document” is still under study and the government has not yet presented it for community dialogue.The version of the tax policy document circulating on social media was...

InstaPay introduces new feature for easier money transfer

The InstaPay application on Sunday has launched a new update for several of its services, allowing for instant money transfers between users through QR codes and a payment link.The new feature enables the beneficiary to share the QR...
- Advertisement -spot_img

Latest News

- Advertisement -spot_img