Top 10 Must-Read Stories for This Weekend

Updated 7/25/2025 9:00:00 AM

Arab Finance: The fourth week of July concluded with key developments, including government plans to launch a second package of tax facilities by the end of the current fiscal year and to publish a comprehensive tax policy document by the end of 2025.

The top 10 viral news stories of the week, from July 20th to 23rd, are as follows:

1-Egypt to launch 2nd package of tax facilities by FY2025/26-end: Kouchouk

The government plans to launch a second package of tax facilities by the end of this current fiscal year and publish a comprehensive tax policy document by end-2025.

2-Egypt’s current account deficit records $13.2B in 9 months: CBE

he Egyptian economy witnessed remarkable developments during the first nine months of fiscal year (FY) 2024/2025, with current account deficit retreating by 22.6% to $13.2 billion from $17.1 billion in the same period of FY2023/2024.

3-Environment Minister Yasmine Fouad resigns

Prime Minister Mostafa Madbouly has accepted the resignation submitted by Minister of Environment Yasmine Fouad.

4-Egypt's private sector attracts €6B investments from 1,600 German companies: Al-Mashat

Around 1,600 German companies operating in Egypt have injected a total investment worth over €6 billion into the country's private sector, mainly the energy, green transition, and industrial development sectors.

5-Bonyan reports EGP 417M net profit in Q1 2025

Bonyan for Development and Trade (BONY.CA) recorded a net profit of EGP 417 million in the first quarter (Q1) of 2025, compared to EGP 568.2 million in the same period last year.

6-Eastern Company sets new prices for cigarette products

Eastern Company’s board has approved new prices for its cigarette products.

7-SCZone signs $52.6M deals with Chinese companies for textile projects

The General Authority of the Suez Canal Economic Zone (SCZone) signed three contracts for new projects with Chinese companies specializing in the textile and ready-made garment industry.

8-valU partners with RoboGarden Egypt to support digital skills training for youth

valU has partnered with RoboGarden Egypt to offer financial solutions for the “Learn to Earn” initiative, which aims to provide Egyptian youth, particularly women and people with disabilities, with digital skills for today’s job market.

9-FRA grants approvals for fintech expansion, 3 new startup establishments

The Financial Regulatory Authority (FRA) has issued approvals for five companies to expand their operations in the non-banking financial sector.

10-National Printing conducts public offering at EGP 21.25/share

National Printing Company S.A.E. announced that the final share price for the public offering tranche has been set at EGP 21.25 per share, with a total of 105.585 million shares offered.