News
-
Public finances remain key challenge after Egypt vote
Fitch Ratings’ expect that the authorities will be cautious in addressing the large fiscal deficit.
-
ILO lifts Egypt's name from short-term blacklist
The organization blacklisted other 25 countries for violating the rights of laborers.
-
Egypt opens tender to import fuel in July-Sept 2014 -official
Egypt's government wants to avoid major power blackouts during the months of increased consumption in the summer.
-
Egypt "urged" for duties on Turkish steel
Cuts to energy subsidies, which account for 13 percent of the state budget, are seen as necessary by leading business figures.
-
CIB Egypt approves EGP550 million loan for Madinet Nasr Housing
CIB Egypt and MNHD are expected to sign the definitive loan agreement within days, the sources said.
-
Egypt needs anti-dumping duties if energy subsidies cut -steel firm
Energy subsidies are one of the most explosive issues facing Egypt's former army chief and almost-President Abdel Fattah al-Sisi.
-
Companies to provide microcredit for the first time in Egypt
New law approved by Egypt's government will give informal businesses greater access to loans, with a maximum of LE100,000 available in microcredit.
-
Egypt approves new 10% capital gains tax on stock market profits
The tax is part of the first phase of income tax reforms in the country expected to bring in 10 billion Egyptian pounds.
-
Egypt targets mining sector with new consulting company
Egypt's Ministry of Petroleum has signed a memorandum of understanding with SRK Consulting to set up a consultation and technical services company.
-
Agriculture Minister designates CRI to solve cotton problem
Ministry of Agriculture aims to achieve interest for Egyptian farmers, solve the cotton marketing problems, and to encourage local textile sector.
-
Egypt's average weekly salaries rise 18% in 2013: CAPMAS
Rise in public sector salaries were 3 percent higher than private sector, but with more hours worked per week, says government statistics body.
-
Al-Sisi wins election by landslide
The campaign of retired field marshal Abdul Fattah al-Sisi said he won 23.38 million votes, with left-wing politician Hamdeen Sabahi taking 735,285.
-
Egypt's financial indicators improving, says IMF
Financial indicators greatly improved in recent months after progress was made on the political roadmap and the process of political transition.
-
Egypt's elections and its faltering economy
Last year, there were five million fewer tourists to Egypt than in 2010, falling from 14.7 million to 9.5 million.
-
Egypt hopes el-Sisi can reignite economy
El-Sisi is expected to win the election easily and his first task will be to rebuild infrastructure and business confidence.
-
Exports to drive Egyptian FMCG sector
Following the civil unrest and political turnover of 2013, FMCG manufacturers reported a drop in sales and disruptions in production.
-
Business continues as normal despite polling in Egypt
For all the smiles and celebrations, these people know the stakes for Egypt are high.
-
Fuel subsidies to be reduced
The finance ministry predicted economic growth of 3.2 percent – up from an estimated 2 percent to 2.5 percent this year.
-
Egypt stock exchange closed for holiday marking election
Banks will also be closed on Tuesday, according to the announcement on Monday night.
-
UAE, Egypt award deals to build two wheat silos
Along with money to build clinics, schools and housing, the Gulf Arab state has offered to fund a project in Egypt's strategic wheat sector.