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SFD plans to allocate EGP 2bn to fund projects by year-end: Secretary General

  /  September 2, 2014  /  interviews  /  No Comments

By Ayat Al-Batawi In December 2013, the board of directors of the Social Fund for Development (SFD) approved a budget of EGP 3bn for 2014 to finance development programmes of small enterprises and labour-intensive projects. read the rest…

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German business delegation to visit in September

  /  September 2, 2014  /  Business  /  No Comments

Delegation will discuss possibility of new investments in Egypt

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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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Egypt’s juice and beverage industry worth EGP 8bn: Federation of Chambers of Commerce chair

  /  September 2, 2014  /  Business  /  No Comments

Beverage business also exports an estimated $180m to foreign markets per year

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Company invests EGP 2bn in construction of hypermarket: Supply minister

  /  September 2, 2014  /  Business  /  No Comments

Private company to supply EGP 2bn to build chain of hypermarkets as part of plan to expand local trade markets in collaboration with supply ministry

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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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Feasibility study underway for propylene project through $1.5bn in investments: ECHEM official

  /  September 2, 2014  /  Business  /  No Comments

Three feasibility studies for petrochemical projects to be completed by 2015

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Egyptian cotton exports decrease by 69.7%: CAPMAS

  /  September 2, 2014  /  Business  /  No Comments

Fall in exports is due to a decrease in cultivated area

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17 rights groups urge Arab foreign ministers to reject Arab Court proposal

  /  September 2, 2014  /  Egypt, Politics  /  No Comments

Current proposal for Arab Court restricts court’s jurisdiction, say rights groups

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6 April members face prosecution after spending night in security camp

  /  September 2, 2014  /  Egypt, Politics  /  No Comments

A seven-year-old boy was among the members arrested while gathering for a memorial

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UPDATE: Banque du Caire receives Suez Canal investment certificates

  /  September 2, 2014  /  Business  /  No Comments

Cooperation protocol between the Suez Canal Authority, banks and the Ministry of Finance expected to be signed on Tuesday.

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Cairo University professors protest against colleague’s arrest

  /  September 2, 2014  /  Egypt, Politics  /  No Comments

Detained academics face charges of joining MB and attempting to overthrow the regime

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7 protesters acquitted, 3 others released on bail in Alexandria

  /  September 2, 2014  /  Egypt, Politics  /  No Comments

EIPR calls for abolishment of “draconian” Protest Law

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11 killed in attack on North Sinai security convoy

  /  September 2, 2014  /  Egypt, Politics  /  No Comments

Landmine planted on Rafah-Sheikh Zuweid Road, perpetrators unknown

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CBE interest rates remain unchanged

  /  September 2, 2014  /  Business  /  No Comments

Early Monday, the Central Bank of Egypt adjusted July’s inflation rate, increasing it from 10.61% to 11.04%

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Al-Jamaa Al-Islamiya’s political wing faces possible dissolution over terrorism charges

  /  September 2, 2014  /  Egypt, Politics  /  No Comments

Political Parties Affairs Committee forwards case to prosecution for investigation

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Shoukry calls on Europe to support anti-terrorism efforts

  /  September 2, 2014  /  Egypt, Politics  /  No Comments

Europe should not allow abuse of freedom of expression to incite violence, says Egyptian foreign minister

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Catherine Exists: Recognising the ‘unknown’ spots of Saint Catherine

  /  September 2, 2014  /  Culture  /  1 Comment

A photographer raises money through her photos to help develop the community in Saint Catherine

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Make ROOM for Egypt’s newest art space

  /  September 2, 2014  /  Culture  /  1 Comment

By Tine Levant, Egyptian Streets Get ready art fans, the opening of a new art space in Cairo is near. ROOM is the name, a bright Garden City basement the location. The plan is to read the rest…

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Rights group condemns arrest of Rabaa Al-Adaweya witness

  /  September 2, 2014  /  Egypt, Politics  /  No Comments

Human Rights Watch says former professor was beaten and his home raided

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Al-Sisi approves Suez Canal investment certificates law

  /  September 1, 2014  /  Business  /  1 Comment

Cooperation protocol between the Suez Canal Authority, banks and the Ministry of Finance expected to be signed on Tuesday.

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Intra-Africa trade: Going beyond political commitments

  /  September 1, 2014  /  In Focus  /  1 Comment

Progress will come when agreements are implemented

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Social Justice Coalition members increase to 27

  /  September 1, 2014  /  Egypt, Politics  /  2 Comments

The coalition intends to run in parliamentary elections under the slogan “25 January-30 June”

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Ministerial meeting upcoming to resolve property tax crisis on hotels: Tourism ministry official

  /  September 1, 2014  /  Business  /  1 Comment

Finance and tourism ministers to meet this month to resolve dispute between Real Estate Taxation Authority (RTA) and Chamber of Hotels over property tax law

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EGAS halts pumping of gas to Idku plant

  /  September 1, 2014  /  Business  /  No Comments

The Egyptian Natural Gas Holding company (EGAS) has stopped pumping gas to the Idku liquefaction plant operated by British Gas and GDF Suez, as a result of the increased use of gas by power stations, 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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Financially straitened Egyptians exempted from property taxes: Finance minister

  /  September 1, 2014  /  Business  /  No Comments

Ministry of Finance announces the detailed new property tax law for the first time

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Bank contributions to Tahya Masr fund reach EGP 400m

  /  September 1, 2014  /  Business  /  No Comments

Investment bank EFG Hermes makes EGP 20m donation to the fund

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Central bank registers stable foreign reserves in August: Governor

  /  September 1, 2014  /  Business  /  1 Comment

Foreigners’ purchases in bonds and treasury bills registered between $100m and $120m in the past month and a half

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Iran keen on seeing Egypt revive international and regional role

  /  September 1, 2014  /  Egypt, Politics  /  No Comments

Egyptian media delegation meets with Iran’s deputy foreign minister

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