Schneider Electric has launched its new “Energy Efficiency Audits” initiative

The Ministry of Industry announced the launch of the first phase of a new initiative to provide EGP 30 billion in financing facilities at a diminished interest rate of 15% to support priority industrial sectors.

The Central Bank of Egypt (CBE) has issued regulations governing the tourism support initiative approved by the Cabinet and financed by the Ministry of Finance.

Egypt has officially launched the presidential initiative "A New Beginning to Build the Human Being," aimed at fostering self-development, health, education, culture, sports, and ethical behavior for citizens.

The Egyptian cabinet has approved a draft resolution to classify the Suez Warehouses Company project as one of the country’s strategic initiatives.

The Egyptian Drug Authority (EDA) and the Unified Procurement Authority (UPA) have officially launched an initiative aimed at localizing the production of inactive raw materials to ensure the stability of drug supplies and bolster national drug security.

The Egyptian cabinet has approved the final terms and implementation mechanisms for a new initiative to support the tourism sector, funded by the Ministry of Finance, as per a statement.

The Egyptian government has delivered over 28,000 new and eco-friendly cars so far to beneficiaries under the presidential initiative for the replacement of 20-year-old vehicles since its launch in March 2021, Minister of Finance Mohamed Maait stated.

The Ministry of Trade and Industry, represented by the Export Development Fund, has issued the first tranche of certificates under the seventh phase of the immediate cash payment initiative to 478 companies at a gross of EGP 7 billion and a net of EGP 6.3 billion.

Egypt is considering extending the duty-free gold import initiative beyond its deadline on May 10th this year.

The Egyptian ministries of tourism and finance have agreed to launch a financing initiative that would provide subsidized loans at a 12% interest rate to local and international investors seeking to establish more hotel rooms across the country.

Egyptian travelers have brought around 4.6 tons of gold into Egypt since last May.

The Egyptian cabinet has approved launching the seventh phase of the immediate cash payment initiative to support exporters with EGP 8 billion

Arabian Cement Company (ACC) has launched a new environmental initiative by replacing its electrostatic precipitators (Main ESPs) with the innovative bag filters to control dust emissions at its production lines.

Egypt will start implementing the second phase of Haya Karima initiative in the first half (H1) of 2024, Prime Minister Mostafa Madbouly revealed.

Mashreq has officially launched Climb2Change, a global initiative that integrates the bank’s ESG initiatives.

The National Bank of Egypt (NBE), in cooperation with the Central Bank of Egypt (CBE), has pumped around EGP 2.8 billion for 11,138 clients as of December 2022 under the Presidential initiative for the replacement of obsolete vehicles.

The Egyptian Export Development Fund has issued the second tranche of the sixth phase of Egypt’s immediate cash payment initiative with a total assistance of EGP 4.7 billion and a net amount of EGP 3.8 billion.

President Abdel Fattah El Sisi witnessed the launching ceremony of the Shoulder-to-Shoulder initiative to celebrate the efforts of thousands of volunteers helping to provide food to over 20 million people nationwide

The Minister of finance stated that the deadline for registering for the tax-free car import for expats' initiative and paying for its determined deposit is on March 14th , according to a statement issued by the Ministry of Finance. There is no intention to extend the deadline after March 14th, the minister said.