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Cabinet agrees to activate local Product Law

  /  September 9, 2014  /  Business  /  No Comments

The law is working to deepen industry, Al-Sewedy says

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Minister warns of Brotherhood teams ready to kill and destroy

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

Statements follow reconciliation initiative proposed by a Brotherhood figure recently released from prison

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Shoukry meets with Omani Foreign Minister

  /  August 31, 2014  /  Egypt, Politics  /  2 Comments

Discussions included the coming Arab foreign ministers meeting

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Overview of banking sector performance over FY 2013/2014

  /  August 30, 2014  /  Business  /  No Comments

Daily News Egypt takes a closer look into the banking sector’s performance over the past fiscal year, with examples of the financial results of state-owned, private and Islamic banks

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Government fails to abide by payment schedule with foreign partners

  /  August 23, 2014  /  Business  /  No Comments

The government is the reason behind the continued inability of the petroleum sector to repay dues to foreign partners in return for oil and gas received monthly, said an official at the Ministry of Petroleum read the rest…

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Petroleum ministry assigns EGPC to pay for gas shipments through internal revenue

  /  August 12, 2014  /  Business  /  1 Comment

By Mohamed Adel The Ministry of Petroleum has assigned the task of importing liquefied natural gas (LNG) needed for power plants through the coming period to the Egyptian General Petroleum Corporation (EGPC). Payment for the read the rest…

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Latest

Government to import gas at $17 per million BTUs due to poor domestic gas production

  /  August 10, 2014  /  Business  /  2 Comments

EGAS seeks to encourage foreign partners to produce gas from Egyptian fields, company official said.

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Government will not offer new licences to steel factories: IDA

  /  July 20, 2014  /  Business  /  No Comments

The cabinet agreed to modify Bianco’s licence to allow the company to produce rebar and billet according to the energy available after paying fees for altering the licence as well as fees for violating the terms of their current licence.

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EGP 200 fee issued on marble, granite and EGP 50 fee on sand: Abdel Nour

  /  July 16, 2014  /  Business  /  No Comments

The Ministry of Industry and Trade issued an EGP 200 fee on each ton of marble and granite blocks, in addition to an EGP 50 fee on each ton of any kind of sand, according read the rest…

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Government considering new cement licences to stimulate economy: Investment minister

  /  July 16, 2014  /  Business  /  No Comments

Minister of Investment seeks to transfer ownership of Egyptian Financial Supervisory Authority and General Authority For Investment to the president

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Industrial sector requests government protections following energy price increases

  /  July 5, 2014  /  Business  /  30 Comments

The federation said the government must enable industry to withstand the wave of extensive energy price increases that were recently approved by the government.

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Government allocates EGP 75.3m to ‘modernise industry’ in FY 2014/2015 budget

  /  June 23, 2014  /  Business  /  No Comments

IMC aims to provide 2,825 services to about 995 companies for the 2014/2015 fiscal year (FY).

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Cabinet ministers must start work at 7am: Mehleb

  /  June 17, 2014  /  Egypt, Politics  /  No Comments

Prime Minister explains government priorities and new work ethic

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Final composition of government to be announced this evening: Abdel Nour

  /  June 16, 2014  /  Business  /  No Comments

Ministry of Investment to be separated from the Ministry of Industry and Trade, the minister noted.

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Mehleb to choose from 2 candidates for new Minister of Investment: Cabinet source

  /  June 15, 2014  /  Business  /  No Comments

Prime Minister Ibrahim Mehleb has finalised plans for the new government’s formation, to be sworn in before President Abdel Fattah Al-Sisi Monday morning, with just a few ministerial posts yet to be confirmed.

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Latest

Real estate facing price jumps on rising building materials costs: Arabia Group chairman

  /  June 15, 2014  /  Business  /  19 Comments

Real estate experts expect price jumps in properties, as government price rises for petroleum push up the cost of building materials

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‘Unjust to focus’ on Rafah: Egyptian ambassador to Palestine

  /  June 11, 2014  /  Egypt, Politics  /  No Comments

For the past 11 months, Egyptian authorities have repeatedly shut down the border crossing and it is estimated that thousands need to travel

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Kurdish rebels ramp up pressure ahead of Turkey vote

  /  June 8, 2014  /  Politics  /  27 Comments

Erdogan is widely expected to run, but to win he needs support from the country’s Kurdish minority, who make up one fifth of the population and form a majority in the southeast.

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Bomb attacks on Kurd party kill 17 in latest Iraq unrest

  /  June 8, 2014  /  Politics, Region  /  38 Comments

There was no immediate claim of responsibility, though suicide bombings are a tactic mainly employed by Sunni Muslim militants in Iraq.

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Latest

Decision on stock market tax is ‘final and irreversible’: Finance minister

  /  June 1, 2014  /  Business  /  No Comments

Dimian estimates that proceeds to the treasury from the new tax will range from EGP 5 – EGP 6bn, but this will be linked to market performance.

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Egypt on its way to regaining regional role: Mehleb

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

Prime minster says government has succeeded in advancing the transitional roadmap during its first 90 days

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Malawi’s new president sworn in after disputed elections

  /  May 31, 2014  /  Politics, World  /  38 Comments

Mutharika, the brother of president Bingu wa Mutharika who died in office in 2012, appealed to the 11 other presidential candidates to “join me in rebuilding the country” after some – including Banda – contested the results.

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Turkey beefs up security on protest anniversary

  /  May 31, 2014  /  Politics  /  33 Comments

Eight people died and thousands were injured in the heavy-handed police crackdown that ensued, as clouds of tear gas wafted through the much-loved park on Taksim Square.

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Reducing energy subsidies is ‘good’ but may raise prices: Egyptian Steel chairman

  /  May 27, 2014  /  Business  /  No Comments

Investors welcome the move to reduce energy subsidies, but ask government to protect the poor from expected price jumps through social programmes

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Government will be unable to meet fuel subsidy bill proposed in budget: Former petroleum minister

  /  May 26, 2014  /  Business  /  No Comments

Arab countries offered a petroleum grant last year valuing EGP 80bn, which aided greatly in providing petroleum products needed for the domestic market in light of an inability to provide necessary liquidity for imports, according to Kamal.

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FY 2014/2015 state budget announced, analysts weigh in

  /  May 26, 2014  /  Business  /  No Comments

Public expenditure increases, revenues target decreases and GDP growth rate expected to reach 3.2%

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Fighting in Sudan Darfur city kills 4: Medic

  /  May 20, 2014  /  Politics, Region  /  1 Comment

A medical source said the bodies of four people were brought to hospital in the town. Three of the dead were “soldiers” but it was not clear from which force.

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Cabinet clashes trial postponed until 29 May

  /  May 11, 2014  /  Egypt, Politics  /  1 Comment

Next session will hear eyewitness testimony

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Libya assembly speaker confirms Miitig as premier

  /  May 5, 2014  /  Politics, Region  /  2 Comments

AFP – The speaker of Libya’s General National Congress confirmed Ahmed Miitig as the country’s prime minister Monday, after approving his appointment following a chaotic session of the interim parliament. “Ahmed Omar Miitig was appointed read the rest…

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Detained 6 April members go on hunger strike

  /  April 21, 2014  /  Egypt, Politics  /  1 Comment

NGOs also to hold protest against detention of journalist in Washington DC

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