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Committee makes recommendations to solve 20 land and tax disputes: Justice minister

  /  September 23, 2014  /  Business  /  No Comments

Government aims to settle investors’ disputes, revive economic confidence, mobilise new investments

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New telecommunications law nearly completed: Communications minister

  /  September 23, 2014  /  Business  /  No Comments

High-speed Internet, marine cable projects, and cloud computing services are priorities, says Helmy

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Tax amendments require factories to repay gas consumption: Finance minister

  /  September 22, 2014  /  Business  /  No Comments

Decision aims to resolve disputes between companies and EGPC in collecting natural gas payments, according to Tax Authority

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EGP 19bn of Suez Canal annual revenues allocated for interest, investment certificates: Finance minister

  /  September 21, 2014  /  Business  /  1 Comment

Handy Kadry Dimian said that the canal revenues will increase to nearly EGP 60bn by the end of 2023

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Errors in manoeuvring procedures reason for blackouts: Expert committee

  /  September 21, 2014  /  Business  /  No Comments

Final report sent to Al-Sisi and Mehleb details reasons behind sudden electricity blackouts and requests that electricity grid be improved immediately

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World Bank delegation to visit Cairo in 2 weeks to address business climate: Investment minister

  /  September 20, 2014  /  Business  /  No Comments

New guarantees from World Bank for international investors in Egypt for energy, mining and the Suez Canal

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Egypt begins collecting property tax for 1.5m residential and non-residential units: Finance minister

  /  September 20, 2014  /  Business  /  No Comments

Government steps up actions to implement tax reforms amid efforts to increase resources and reduce budget deficit

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Euromoney conference: Main stock index making remarkable progress: Chairman of Egyptian Stock Exchange

and   /  September 17, 2014  /  Business  /  No Comments

Omran cautions that economic indicators are still marred by persistent unemployment, debt, budget deficit, and inflation

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Euromoney Conference: Dorra considers investing in Suez Canal Axis project

  /  September 17, 2014  /  Business  /  No Comments

Dorra plans to open the first phase of Capital Business Park—administrative, commercial and medical project—in Sheikh Zayed City during the first quarter of 2015.

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Euromoney Conference: ‘Strategy&’ working to solve energy crisis, eliminate food insecurity, mitigate social impact of reforms

  /  September 17, 2014  /  Business  /  No Comments

Egypt suffering from triple deficit in jobs, growth and foreign reserves

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$6bn foreign direct investment in FY 2014/2015: Investment minister

  /  September 16, 2014  /  Business  /  No Comments

Egypt’s total foreign direct investments for FY 2013/2014 measured $6bn, Investment Minister Ashraf Salman said on Tuesday. On the sidelines of the Euromoney conference, Salman said that Egypt is hoping to “touch the $10bn” mark read the rest…

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Goal is to pay attention to investors, not privatise: Investment minister

  /  September 16, 2014  /  Business  /  No Comments

Government will pay 30% of total dues to foreign oil companies by year-end

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Current government will not raise petroleum product prices: Planning minister

  /  September 16, 2014  /  interviews  /  No Comments

National investment veered off its developmental course and we seek to resolve the financial entanglements with government agencies, says El-ArabyBy

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Euromoney Conference: Egypt’s economic summit under the microscope

  /  September 16, 2014  /  Business  /  No Comments

The business and financial community awaits the Egyptian government’s economic plans to be revealed during the Sharm El-Sheikh summit to be held at the end of 2014 or early 2015. The plans are expected to read the rest…

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Government identifies projects to improve quality of life

  /  September 14, 2014  /  Business  /  No Comments

Yassin Mansour donates EGP 200m for village sanitation projects

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International conference in Egypt requests hosting 50 world largest companies: Investment minister

  /  September 13, 2014  /  Business  /  No Comments

Egyptian consultations in China to attract investments, Egypt to be export centre for Chinese technology firm

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Egypt seeks to attract more Chinese investment

  /  September 9, 2014  /  Business  /  No Comments

China financing high-speed rail line

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The elimination of tax exemption is a ‘necessity’: Tax Authority head

  /  September 9, 2014  /  Business  /  No Comments

Mostafa Abdel Qader, chairman of Egypt’s Tax Authority, requested that tax exemptions that Egypt has granted for decades be eliminated, stressing that Egypt has not reaped benefits from them and that they are a “type read the rest…

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60% of Suez Canal Holding put to IPO in 2 months: Oriental Weavers founder

  /  September 8, 2014  /  Business  /  No Comments

Consultations between Investors Union, Exchange chairman and Suez Canal Authority head taking place to conclude procedures

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Ministry of Investment suggests allowing HOTAC to offer bonds

  /  September 7, 2014  /  Business  /  No Comments

Government is working to repair public sector companies’ financial structures that suffer significant losses and weak production

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Suez Canal certificates on sale for second day

  /  September 6, 2014  /  Business  /  No Comments

The CBE has so far issued 7m investment certificates out of the planned 60m, said Ramez, adding that the bank is still discussing the date of issuing dollar-dominated certificates.

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Government to settle 22 disputes with investors

  /  September 2, 2014  /  Business  /  No Comments

The committee has also drafted solutions for another dispute between the Tax Authority and one steel firm over tax collection as well, according to Mahfouz.

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Government begins reviewing bids for renewable energy projects

  /  September 2, 2014  /  Business  /  No Comments

The government has begun reviewing offers submitted by private companies to carry out renewable energy projects in Egypt, said Minister of Electricity Mohamed Hamed Shaker. Shaker added that the four main criteria on which the read the rest…

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Government ends customs evasion crisis in Port Said, grants 40% tax cuts for goods: PM spokesperson

  /  September 1, 2014  /  Business  /  No Comments

By Mohamed Ayyad Prime Minister Ibrahim Mehleb responded to the requests of the Port Said traders to calculate customs on the basis of the bill that determines the actual value of the goods received. A read the rest…

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Government considers new legislation to counter customs smuggling

  /  September 1, 2014  /  Business  /  No Comments

Legislation to regulate customs transactions and control all ports to eliminate smuggling and prevent entry for non-compliant goods

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Hermes allocates EGP 50m for development projects in Upper Egypt, 20m for ‘Long Live Egypt’ fund

  /  August 31, 2014  /  Business  /  No Comments

Investment bank EFG-Hermes Financial has allocated EGP 50m for its sub-organisation Hermes Foundation for Social Development in order to pursue development projects in several villages in Upper Egypt beginning early 2015, according to the bank’s read the rest…

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Perpetrator of store fires in Shubra arrested

and   /  August 31, 2014  /  Egypt, Politics  /  No Comments

Crime was an act of revenge by one of the store tenants, investigations indicate

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Government outfits kiosks for street vendors to transform them into small merchants: PM

  /  August 30, 2014  /  Business  /  1 Comment

North Coast development, social housing, employment, Downtown Cairo, and roads project top Mehleb’s priorities this week

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Public banking exemption from Suez Canal certificates ‘necessary’ to maintain liquidity’: Arabiya Online chair

  /  August 30, 2014  /  Business  /  No Comments

The government’s drive to fund the Suez Canal project through investment certificates is raising fears that private sector banking will be pushed out

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International conference to revive Downtown as heritage area via presidential commission

  /  August 27, 2014  /  Business  /  No Comments

The government is set to hold an international conference, commissioned by President Abdel Fattah Al-Sisi, to revive Downtown Cairo as an important Middle Eastern heritage area after transferring street vendors to a new location. Prime read the rest…

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