The Central Bank of Egypt (CBE) announced Sunday that all banks will be closed on Thursday, 26 June, for the Hijri New Year and on 3 July for the 30 June Revolution anniversary.
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President Abdel-Fattah El-Sisi reviewed the outcomes of the first tax facilities initiative, which saw the submission of 110,000 voluntary tax dispute requests and over 450,000 new or amended tax returns, resulting in additional taxes totaling EGP 54.76 billion as of 19 June 2025.
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The Egyptian pound is expected to remain under pressure in the near term, but Fitch Solutions’ research arm, BMI, sees a slightly improved outlook for the currency by the end of 2025, despite ongoing global uncertainties.
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Egypt’s tax revenues have surged by 36 percent over the past year, Finance Minister Ahmed Kouchouk announced on Saturday.
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Wicked Acceleration Labs Launches Egypt’s First Industrial Wastewater Treatment Innovation Program
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Canada will "adjust" its 25 percent counter tariffs on US steel and aluminum in response to a doubling of US levies if a bilateral trade deal is not reached within 30 days, Prime Minister Mark Carney said Thursday.
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As the conflict flares between Iran and Israel, the shockwaves are being felt far beyond the battlefield, reaching deep into Egypt’s industrial heartland.
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The Central Bank of Egypt (CBE) has issued new rules for the licensing and registration of payment system operators (PSOs) and payment service providers (PSPs), in accordance with the provisions of Law No. 194 of 2020 regulating the CBE and the banking system, the bank announced in a statement on Thursday.
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The first day of the St. Petersburg Economic Forum featured a special session that discussed practical experiences and expertise on how Russian businesses can succeed in the Arab world and Africa.
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Egypt ranked ninth globally in foreign direct investment (FDI) attraction in 2024, receiving $47 billion in investments, a significant leap from 32nd place in 2023, when it received $10 billion, a joint statement by the Ministries of Planning and Investment said Thursday.
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Major stock markets mostly fell and oil prices rose Thursday as the Israel-Iran conflict added to fears over a renewed spike to inflation.
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The US Federal Reserve held interest rates steady for a fourth consecutive meeting Wednesday, forecasting higher inflation and cooler growth this year as President Donald Trump's tariffs begin to take hold and geopolitical uncertainty swirls.
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Egypt is approaching the final stages of talks with the International Monetary Fund (IMF) to complete the fifth review under its $8 billion Extended Fund Facility (EFF) agreement, according to sources.
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The European Parliament approved on Wednesday granting Egypt a 4 billion euro second tranche of the European Union's macro-financial assistance package, according to a statement by the Ministry of Foreign Affairs.
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DP World Egypt has reinforced Ain Sokhna Port’s role as a linchpin in Egypt’s economic, industrial, and tourism ambitions, with three landmark maritime operations underscoring the port’s growing strategic relevance across sectors, the company said in a statement on Wednesday.
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The Suez Canal Economic Zone (SCZone) has signed a $18m agreement with the Turkish company Ulusoy Tekstil San. Tic. A.Ş to build a yarn and spinning factory in the Qantara West Industrial Zone.
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Egypt’s parliament has approved the national budget for fiscal year 2025/26, which begins on 1 July. The budget sets a real GDP growth target of 4.5 percent, nearly double the 2.4 percent growth recorded in FY2023/24.
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Foreign direct investment (FDI) inflows to emerging markets and developing economies (EMDEs) have steadily weakened since the 2008 global financial crisis, both in nominal terms and as a share of GDP, the World Bank (WB) announced on Monday.
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Ahram Online has exclusively interviewed Makhtar Diop, managing director of the International Finance Corporation (IFC), during his visit to Egypt to explore how the corporation is partnering with Egypt to drive investment, enhance connectivity, and unlock the full potential of key sectors, from aviation and tourism to renewable energy and MSMEs.
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President Abdel-Fattah El-Sisi was briefed Monday on an exclusive partnership between the Arab Organization for Industrialization (AOI) and Stellantis Group to produce 240,000 cars of a model that will not be manufactured in any of the group's other global facilities.
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