Other Briefings
Egypt and the US Sign US$235 Million Locomotive Deal, Amid Tariff Uncertainty
Amid global tariff uncertainty, Egypt and US trade ties reinforced with a US$235 million railway modernization deal.
Egypt Approves Budget for FY2025-26 Amidst IMF Pressure
Egypt’s FY2025-26 budget, totaling EGP 4.6 trillion (US$90.97 billion), focuses on fiscal discipline, social protection, and economic growth, aligning with IMF-backed reforms. Key measures include increased subsidies, higher public sector wages, and targeted investments in productivity and infrastructure.
Egypt-India Economic Ties Eyeing US$12 Billion Trade Target & Investment
Egypt and India are strengthening trade and investment ties, aiming to increase bilateral trade from US$4.2 billion in 2024 to US$12 billion in five years, with key sectors including renewable energy, pharmaceuticals, and infrastructure.
Egypt Unlocks EU Funds to Boost Foreign and Domestic Investment Opportunities
Relations between Egypt and the EU are strengthened through the EU’s Investment Guarantees for Development.
Egypt-UAE: PM Madbouly Meets Emirati Ministers to Review Strategic Projects
A focal point of the UAE-Egypt discussions was the Ras El-Hekma project, a high-profile strategic development zone located on Egypt’s northwestern coast.
SAIC Motor’s US$135 Million Deal in Egypt: A Strategic Move Amid Global Trends
Chinese state-owned SAIC Motor Corp. Ltd. has partnered with Egypt’s Mansour Group in a US$135 million deal to set up an automotive plant in New October City, Egypt.
Egypt’s Tax Reforms: Boosting Business Confidence and Export Growth
Egypt’s tax reforms and export incentives aim to boost business confidence, encourage the private sector, attract investments, achieve higher localization in industries, and drive overall economic growth.
Egypt’s Push for Industrial Growth: Central Bank and Government Support for Producers
By fostering local industrial production, attracting investments, and supporting green energy initiatives, Egypt is laying the groundwork for sustainable economic growth and global competitiveness.
Egypt Introduces Business-Friendly Tax Relief Measures to Boost Economic Growth
A key reform is the introduction of a simplified tax regime for businesses with an annual turnover of up to EGP 15 million. For international companies, the government has raised the threshold for the preparation and submission of transfer pricing studies to EGP 30 million.
Saudi Arabia’s US$5-Billion-Investment Pledge in Egypt: Strengthening Economic Ties and Industrial Cooperation
Saudi Arabia has strengthened its economic ties with Egypt, as Crown Prince Mohammed bin Salman announced a US$5 billion investment by the Public Investment Fund (PIF) during a meeting with Egyptian Prime Minister Mostafa Madbouly in Riyadh.
