Business Egypt

Egypt inks agreement with GlaxoSmithKline to enhance health in the country

Egypt’s Health ministry and GlaxoSmithKline plc (GSK), a British multinational pharmaceutical and biotechnology company, have signed an agreement to improve health in the Arab country. The agreement encompasses several key areas, including increased public awareness campaigns and specialized training for professionals in the field of child and elderly immunizations, the ministry’s official spokesman Hossam Abdel-Ghaffar […]

Business Egypt

Air Serbia resumes flight to Cairo after three-year hiatus

Air Serbia, Serbia’s national carrier, resumed last Monday direct flights between Belgrade and Cairo following three years of suspension owing to the COVID-19 pandemic. Egypt’s Ministry of Tourism and Antiquities made the announcement Tuesday, Ahram Online reports. “Egypt’s rich culture and history attract tourists from all over the world, and its climate makes it an […]

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Six African leaders launch peace mission to Moscow and Kyiv to end ‘devastating’ war

Six African leaders plan to spearhead and facilitate what they hope could be the beginning of peace talks between Moscow and Kyiv more than one year after Russia’s invasion of Ukraine. South African President Cyril Ramaphosa announced on Tuesday (16 May) that Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy had agreed to meet […]

Business Egypt

Egypt launches gold investment Fund

Egypt’s Financial Regulatory Authority’s (FRA) has launched the country’s first gold investment and first ever minerals investment Fund. The fund is part of the FRA’s plans to support the government’s efforts to boost financial and investment inclusion and develop an inclusive non-banking financial sector with a catalytic role in enhancing the economy, Arab Finance reports. […]

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Egypt, Portugal ink agreement to upgrade health and pharmaceutical sectors

Egypt’s Health Minister Khaled Abdel Ghaffar and his Portuguese counterpart Manuel Pizarro signed Thursday a cooperation protocol to upgrade health and pharmaceutical sectors, Egypt Independent reports. There are no details about the agreement but Ghaffar reportedly indicated that the visit of his Portuguese counterpart and his delegation aims at deepening the partnership and cooperation in […]

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Egypt approves for six month draft decree exempting travelers from gold tax

The Egyptian government Wednesday approved temporarily a draft decree exempting travelers who bring gold from customs duties and other fees except value-added tax (VAT), reports say. The draft is applicable to semi-manufactured gold, gold prepared for currency-trade, and jewelry parts made or coated with a layer of precious metals. It is however unclear how much […]

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Egypt: Sovereign fund unveils B2B pharma venture to spur pharmaceutical sector

The healthcare sub-fund of The Sovereign Fund of Egypt (TSFE) and B Investments company have entered into a partnership with El-Ezaby pharmacy chain to launch a new venture tasked to provide business-to-business (B2B) services in the Egyptian pharmaceutical sector, Ahram Online reports. The company, named EZ International, will provide pharmaceutical companies in Egypt with a […]

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Egypt takes over from Morocco co-presidency of Global Counterterrorism Forum, triggers criticism

Egypt took over from Morocco the co-presidency of the Global Counterterrorism Forum (GCTF). The Arab country will co-chair the forum with the European Union, GCTF said Thursday during a ceremony held in the Egyptian capital, Cairo. “We are honored to be hosting the first GCTF Coordinating Committee meeting, co-chaired with the European Union, in which […]

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Egypt seeks partnership with Japan on localization of automotive industry

Egypt’s General Authority for Investment and Free Zones has indicated that the North African country is seeking cooperation with Japan to localize the automobile industry. Hossam Heiba, Chairman of the authority, discussed with President of Toyota Tsusho a sustainable partnership between the two countries to conquer the African market, leveraging on Japan’s technological, investment and […]

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US pledges to support Egypt to host Sudanese refugees

The United States is ready to provide the necessary support for Egypt, U.S top diplomat Antony Blinken said Tuesday as the North African country continues to welcome Sudanese refugees fleeing the infighting between the army and paramilitary group, Rapid Support Forces (RSF). Blinken made the pledge during a telephone conversation with his Egyptian counterpart Sameh […]