Public Organisations News
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Egypt's poverty rate surges to 27.8% in 2015
"extreme poverty" reached 5.3 percent, which it attributes to a spike in prices of essential foodstuffs.
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G20 leaders meet in China to tackle economy, environment
Among the hopes for this year's summit: New China-US joint commitments to fight climate change could be on the menu.
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Corporate Development and Governance
Corporate Development
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The Economist article is void of objective analysis of Egypt’s economy
It is obvious that The Economist has chosen to take sides with those bent on undermining Egypt, says Abu Zeid.
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New Date for Med Business Expo 2016
Event moved from 11-12 June to new date 21-22 October in Nicosia, Cyprus.
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Egypt to slash total subsidy bill in 2016/17
The government plans to trim the petroleum subsidy bill by 43.5 percent and the electricity subsidy bill by 6.4 percent.
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Army’s control on market does not affect businessmen
Naguib Sawiris has supported the economic role played by the army, yet expressed concerns that this could affect its main role in defense.
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Banking Veteran Appointed Finance Minister to Steer Ailing Economy
Amr el-Garhy and Dalia Khorshid are expected to pilot the country’s economy which grew by a mere 4.2 percent in the fiscal year 2014 / 2015.
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Revenues of Public Business Sector Hit Egp 2.1 Bln in 7 Months
About 260 million pounds were channeled to the public treasury in 2015 from only three holding companies, compared to 50 million in 2014.
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Egypt cabinet submits resignation, president accepts
Egypt's cabinet has resigned but will stay on in a caretaker role until a new government is formed.
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Middle East Fire Safety Systems Market Poised for Stellar Growth
Government Regulations and Innovations in Fire Safety Systems: The Driving Force in the Middle East
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Donation to Egyptian charity Banati
As part of the Embassy's charitable work a donation of 10.000 EGP was given to the Egyptian organisation BANATI.