Back to blackouts
Blackouts return to Cairo with overloaded summer electric consumption; Ministries collaborate on means of rationalization
Read More →Court postpones Omar Effendi case to 16 June
Iconic department store’s sale to Saudi businessman had been invalidated because of unfair sale price
Read More →Disapproval over increased taxes on bank loan loss provisions
Banking figures dissatisfied with Shura Council’s decision to raise taxes on loan loss provisions, likely to affect investments
Read More →Govt pays EGP 2.6bn in medical bills
Cost of government-funded medical treatment for Egyptians living at home and abroad totals EGP 2.6bn in 2012
Read More →Finance Ministry to reassess taxes on hotels and resorts
Egypt’s Finance Ministry rules that real estate taxes for hotels will now be determined by their “market replacement value”
Read More →Pharmacist union predicts shortages of imported medicine to reach 90%
Shortages in coming year expected because of increases in the price of the dollar
Read More →Turkey pumps $250m more in its credit line to Egypt
Experts: Good step, but no impact on cash reserves
Read More →Information Technology growth goal
Minister of Communications Atif Halmi says government seeks 10% growth in IT sector by end of fiscal year
Read More →Egypt’s top companies: the Power 34
Forbes Middle East published its Power 500 list, giving an account of the region’s top 500 companies, and Egypt scored 34 times
Read More →New real estate construction in 6th of October City
Wadi El Nile Company for Agricultural Development to begin real estate project on 922 acres of land
Read More →French oil company buys Shell’s fuel network in Egypt
The details of the transaction and its price have not been disclosed.
Read More →Egypt and Saudi plug into joint power line project
Agreement expected in the coming week
Read More →Qatar gas deal postponed
Natural gas import agreement between Egypt and Qatar delayed because of “unresolved legal details”
Read More →Egyptian pound slumps to seven against US dollar
Egypt’s currency continues to devalue despite attempts by Central Bank to slow the decline with foreign currency auctions
Read More →IMF: Tax reforms to increase Egypt’s GDP by 0.75%
The IMF expected Egypt’s GDP to grow 2% over the next year as opposed to 2.2% in 2012
Read More →Finance minister requests aid from Saudi Arabia
Egypt asks for $500m in aid from Saudi Arabia to support its national budget
Read More →Egyptian foreign debt increases by $8bn
Internal debts hit an alarming EGP 1.4tn, equivalent to about $200bn.
Read More →Egypt: International banks eyeing long-term growth
Egypt’s market is also attracting attention from Gulf banks
Read More →Digitised database will exclude 1.5 million from receiving subsidies: Ouda
Minister of Supply and Internal Trade expects 1.5 million citizens to be excluded from receiving subsidies after overhaul of statistics database system
Read More →Morsi: No more wheat imports within four years
Morsi pointed that the primary goal is to stop importing wheat in four years.
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