Business

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27 January

Monday, 2025

Magazine

Magazine Egypttoday December 2023

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FRA amends non-banking financial institutions’ fiscal year to better align with new law

Sun, 26 Jan 2025 - 03:01 GMT

This replaces the previous fiscal year, which began on July 1. The new regulations are within the FRA's efforts to implement guidelines outlined in the Unified Insurance Law, which came into effect in July 2024.

Egypt welcomes Sudanese investments in Qena, Aswan

Sun, 26 Jan 2025 - 12:48 GMT

Incentive programmes are being prepared for young Sudanese business people.

Egypt, Japan partner to develop Egyptian Opera House with investments of $1.17M

Sun, 26 Jan 2025 - 12:29 GMT

The agreement valued at 180 million Japanese yen (approximately $1.17 million) aims to modernize the Opera House’s infrastructure, including upgrading equipment and services, enhancing the main theater hall, and providing 20 mobile stage platforms similar to those used in international cultural venues.

Egypt considers new debt swaps for 2025, investments to include clean energy: Kouchouk

Sun, 26 Jan 2025 - 12:28 GMT

Kouchouk highlighted that the discussions — which have not yet been disclosed — include swapping debt for investments in clean energy and human development.

Egypt, Oman Trade Exchange Hits $858 Million in 2024

Sun, 26 Jan 2025 - 11:28 GMT

Egyptian exports to Oman rose slightly to $194 million in 2024, compared to $190 million the previous year.

Garment Export Council: 18% increase in exports, recording $2.84 billion in 2024

Sat, 25 Jan 2025 - 01:08 GMT

Egypt's Ready-Made Garments Export Council revealed that the sector's exports increased by 18 percent to record $2.84 billion in 2024, compared to $2.41 billion in 2023.

Egypt, Cyprus discuss cooperation in developing natural gas fields

Sat, 25 Jan 2025 - 11:00 GMT

Petroleum and Mineral Resources Minister Karim Badawi discussed on Friday with Cypriot Energy Minister George Papanastasiou means of boosting bilateral cooperation in the development of natural gas fields.

Bourse trading ends with mixed performance amid Egyptian and Arab selling

Thu, 23 Jan 2025 - 02:43 GMT

Thursday trading saw 2.367 billion shares exchanged with a turnover of LE 7.037 billion.

$46.1B Egypt's foreign direct investments in 2024: Investment Minister

Thu, 23 Jan 2025 - 02:34 GMT

This extraordinary increase was largely attributed to the $35 billion Ras El Hekma deal, which played a pivotal role in boosting the country’s investment landscape.

Capital Economics expects Egypt’s GDP to climb 5% in current fiscal year as ceasefire goes into effect

Thu, 23 Jan 2025 - 01:34 GMT

These developments are expected to bolster activity through the Suez Canal, benefiting Egypt’s trade and logistics sectors

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