Latest news
-
Egypt to tax people and corporations on income earned abroad
Amendment is latest in a spate of reforms incl. capital gains tax on bourse ratified last week as part of drive to boost tax revenues in 2014/2015.
-
Egypt raises fuel prices by up to 78 percent from midnight -oil ministry source
Egypt will raise fuel prices in ranges that reach up to a 78 percent hike starting midnight, an Oil Ministry source told Reuters on Friday.
-
Rising gas prices influence consumers' spending?
There is positive relationship between the cost of gas and the percent of consumers who change their spending patterns because of gas prices.
-
Egypt to start implementing capital gains tax on Sunday
It is for sure now that the transactions on the Egyptian bourse on Sunday will be subject to the tax.
-
PM: Egypt has no intention to change free economy course
Mahlab denied reports circulated the past weeks about the elimination of the free market.
-
Egypt business activity expands in June, PMI hits 6-month high
The government is walking a fine line in trying to boost revenues and cut the deficit while attracting investors.
-
Egypt saves EGP41 billion after cuts in energy, electricity subsidies
Subsidy going to energy amounts to LE100.3 billion after the cuts, while the electricity sector gets LE27.2 billion in the new budget.
-
Egypt finalising unified telecoms licence after missing launch date
The licence would allow telecoms firms to operate fixed-line and mobile networks, and therefore open the way for Egypt's fixed-line monopoly.
-
Egypt's Elsewedy wins state tender for wind farms
The government has said it would cut its huge energy subsidies programme and support renewables in the fiscal year that started this week.
-
Tony Blair denies signing as economic adviser for Sisi
Blair denied the reports, stating that "the story is nonsense", and that he is seeking no business opportunities in Egypt.
-
Egypt's tourism development authority hits historical revenues
Investment in development projects is behind the unprecedentedly high revenues registered by the Tourism Development Authority in the FY 2013/14.
-
A startup honoring those who passed: ElWafeyat.com
ElWafeyat.com brings important traditions and customs surrounding death into the digital realm.
-
Egypt oil, gas possible once subsidies ease
Explorers in Egypt expect constraints on domestic energy prices to loosen, urging new investment in oil and natural gas fields.
-
Egypt eyes up to 5.8 pct growth, 10 pct budget gap in 3 years -finance minister
"It is expected that growth will rise gradually to between 4-5.8 percent within the next three years," he said in a text message to Reuters.
-
Amid fuel price rise, Vodafone Egypt will increase prices for services
An official Source in Vodafone Egypt revealed that in case of boosting fuel price Vodafone will increase prices for its services.
-
Egyptian cement producers face energy cuts
Output in the building materials industry has been impacted by the turbulence with public spending on construction and infrastructure declining.
-
Egypt imposes 10 pct tax on capital gains, dividends
The tax applies to dividends and capital gains made from trading stocks on the Egyptian stock market as well as unlisted companies.
-
Egypt's richest man sentenced to 3 years in jail on tax evasion: ETA
Sentenced in absentia, Nassef Sawiris is also fined LE50 million for refraining from paying due checks to Egypt's tax authority.
-
Repression, poor laws deter investment in Egypt -tycoon Sawiris
Sawiris said he was hopeful about Sisi but called for an end to the state's use of force and intimidation.
-
Egypt and Italy agree to swap $45 million in debt for food silos
The project aims to reduce the cost of transportation and waste in fruits and vegetables to ultimately provide them at lower prices to consumers.