News
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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.
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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.
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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.
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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.
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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.
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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.
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Egypt cuts spending on energy subsidies by a third in new budget
The Finance Minister said the allocation for fuel subsidies has been cut from around E£144bn ($20bn) last year to E£100bn in the new budget.
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Cost efficiency gives Egypt an edge in Chinese orange market
Egyptian oranges are known globally for their high quality, but even so, they are still offered at a reasonable price.
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Lantern prices increase 20%, Chinese products infiltrate market
Ramadan lantern prices increased this Ramadan over last year due to a price increase in raw materials and exchange rate.
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Egypt's government to raise electricity and petrol prices next month: Minister
State to raise prices of all petroleum products and electricity in order to reduce budget deficit to 10 percent of GDP by 2015.
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Sisi approves revised budget with deficit at 10 pct of GDP: statement
Spending is set to reach 789 billion Egyptian pounds and revenues at 549 billion Egyptian pounds, putting the budget deficit at 10%.
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Egypt's energy crisis forces increased interest in clean tech
Without the government or private sector investments, Egypt’s natural gas production has been declining steadily.
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Israel's Leviathan Gas Field Partners set for talks to supply BG in Egypt
The letter sets out terms of a final accord, including the sale of 7 billion cubic meters of gas a year for 15 years at a price to be determined.
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Egypt's EGAS expects delay in gas import terminal -source
Egypt can export LNG but cannot import it without installing the terminal.
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Souq.com facilitates launch of new e-commerce startups
The industry’s high potential for growth is clear, as the country is home to a large generation of young online purchasers.
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Shell, BAPETCo to pump new investments worth USD402m in Egypt
The new investments come within the framework of BAPETCo's 2014/15 budget, which has been endorsed by the Egyptian oil minister.
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Egypt's EFG-Hermes says fair price 30 pct more than Beltone-New Egypt bid
An independent adviser had set its fair share price 30 percent higher than a joint bid by Beltone Capital and New Egypt Investment Fund.
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Sisi inspects Arab Contractors' major housing project in Malabo
He toured a number of housing units in the project and was updated on projects of Arab Contractors in Equatorial Guinea and in Africa at large.
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Mobinil rules out low-price offers once TE gets mobile licence
The competition will mainly base on improving the quality of service and focus on the "user satisfaction".
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Fitch affirms Egypt at 'B-'; outlook stable
Fitch Ratings has affirmed Egypt's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B-'. The Outlooks are Stable.