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ECESR files appeal against decision forcing taxi drivers to provide bank statements

  /  October 22, 2014  /  Business  /  No Comments

According to traffic law, taxi owners are not obliged to submit bank statements in order to renew their licenses, ECESR says

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Business community rejects independent trade unions

  /  October 21, 2014  /  Business  /  No Comments

Egyptian Federation for Independent Trade Unions member says business community should not decide for the workers on representation

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Egypt-Israel gas deal won’t happen without state’s approval: Petroleum ministry

  /  October 20, 2014  /  Egypt, Politics  /  No Comments

Israeli energy company Delek says purchased gas will be supplied to industrial consumers in Egypt

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Exporting rice “harder” under new ministry guidelines: Vice Head of Rice Division

  /  October 19, 2014  /  Business  /  No Comments

Head of Citizens Against Price Rises Association expected that rice prices in the local market will significantly increase

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Egypt’s exports fall 14% in September, under target

  /  October 15, 2014  /  Business  /  No Comments

The figure for first nine months of 2014 is under ministry expectations of $18.6bn target

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Conflicting reactions to new fees on imported steel

  /  October 14, 2014  /  Business  /  No Comments

Egyptian steel importers to pay EGP 290 fees per tonne, analysts expect increase in steel prices

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Russia, EU conflict will not pressure Egypt’s economic policies: Analysts

  /  October 13, 2014  /  Business  /  No Comments

Egypt striving for balanced policy with both parties, says researcher at Ahram Centre for Political and Strategic Studies

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Kuwaiti fund to grant Egypt $100m loan for power station

  /  October 12, 2014  /  Business  /  No Comments

Director General of Kuwait Fund Abdul Wahab Al-Bader scheduled to visit Egypt in coming weeks to sign loan agreement

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Income and capital gains tax revenues register EGP 7.8m in July, August

  /  October 12, 2014  /  Business  /  No Comments

Budget revenues increase by 0.7% to reach EGP 34.4bn

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Appeal against new Investment Law begins on Sunday

  /  October 11, 2014  /  Business  /  No Comments

New law protects “corrupt government contracts” says ECESR

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Egypt to witness huge growth in electronic payments in next 5 years: EMP chairman, Actis partner

  /  October 1, 2014  /  interviews  /  No Comments

The 5th Emerging Markets Payments Conference (EMPC) kicked off on 26 September in Sharm El-Sheikh, gathering key decision makers from banks and electronic payment companies across the Middle East and Africa to discuss opportunities and read the rest…

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Edita Food Industries to go for new IPO: Actis partner

  /  September 29, 2014  /  Business  /  No Comments

Mark Richards could not provide details on the value and the timing of the IPO

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CBE regulates 20m electronic payment cards: Head of CBE payment systems

  /  September 27, 2014  /  Business  /  1 Comment

Electronic payments market in Egypt growing says Ahmed Faragallah

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10% of Egyptians use prepaid Visa cards: MENA director of prepaid products

  /  September 27, 2014  /  Business  /  No Comments

MENA top region for total volume of prepaid card usage with 82.6% growth in the last year, says Sumit Tyagi

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400% increase in mobile payments in 2014: EMP Chairman

  /  September 27, 2014  /  Business  /  No Comments

Around 25% of global economy involves mobile payments, says Paul Edwards

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World Bank to offer Egypt $1.5bn for housing, sanitation projects

  /  September 23, 2014  /  Business  /  No Comments

Minister of Housing announces the agreement after his return from US visit to meet World Bank officials

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Informal sector volume records around EGP 1.5tn: ECES

  /  September 23, 2014  /  Business  /  No Comments

Government lost EGP 300bn in potential taxes, according to study

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Coalition of NGOs rejects government plans to apply VAT

  /  September 22, 2014  /  Business  /  No Comments

Groups claim that tax applied on all products and services could ‘prejudice’ rights of citizens

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Egypt’s economy over three years of turmoil

  /  September 20, 2014  /  Business  /  No Comments

Daily News Egypt takes a closer look at the economic situation since the 25 January Revolution

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Egypt’s industrial policies discourage employment: World Bank report

  /  September 20, 2014  /  Business  /  No Comments

50% of Egyptians believe unemployment situation will improve in the next five years, says Gallup survey

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Euromoney Conference: North coast land to be offered in February’s Economic Summit: Minister of Tourism

and   /  September 17, 2014  /  Business  /  No Comments

Government targets EGP 19bn investments with 28msquare metres of land, says an official source at the Ministry of Tourism

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Euromoney Conference: Government removing barriers to investment: Tourism minister

  /  September 17, 2014  /  Business  /  No Comments

Ministry plans to attract 40 million tourists to Egypt in the coming period

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Euromoney Conference: Construction and real estate sectors need better governance: Real estate developers

  /  September 17, 2014  /  Business  /  No Comments

Egypt’s construction and real estate market has growth potential, says real estate company regional director

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Industrial sector, investments will rise when Egypt offers preferential treatment to local products: Trade minister

  /  September 16, 2014  /  interviews  /  No Comments

  Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour told the Daily News Egypt in an interview for the Euromoney supplement that the law offering preferential treatment to local products will be referred read the rest…

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Egypt takes steps to increase Egyptian products in Russia

  /  September 14, 2014  /  Business  /  No Comments

Industry minister calls on companies exporting to Russia to establish affiliate offices in Moscow to market products

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Government to allocate budget revenues in CBE to Suez Canal investment certificates

  /  September 13, 2014  /  Business  /  No Comments

Ministry of Finance says move comes to ease pressure on the general budget or the Suez Canal Authority after five years

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Egypt to invite IMF to assess economic reforms

  /  September 13, 2014  /  Business  /  No Comments

Ministry of Finance says government will invite IMF before Egypt’s economic summit in February 2015

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Bilateral agreements restrict Egypt more than multilateral ones: UNCTAD’s economist

  /  September 10, 2014  /  Business  /  No Comments

Egypt has more than 100 bilateral agreements, each with own conditions and regulations, says Mahmoud El-Khafif

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Railway sector needs EGP 60bn for development: Transportation minister

  /  September 9, 2014  /  Business  /  No Comments

Egypt recently agreed with several European countries to import 25 new trains

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Electricity loads increase 8% annually, cause outages: Former electricity minister

  /  September 7, 2014  /  Business  /  No Comments

Ahmed Emam says that fuel supplies to power station annually decrease by 6% besides increasing malfunctions of stations due to maintenance works

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