Month: March 2018

Economic committee continues discussions on financial leasing, factoring law

Some MPs have requested extending settlement period, as six months not enough

Abdel Razek Al-Shuwekhi

Parliament seeks to meet ETA again in March to discuss development

Tax revenues rose to EGP 55.9bn in July-August 2017 from EGP 37.9bn…

Abdel Razek Al-Shuwekhi

Parliamentary committee criticises Awqaf Authority over losses in past fiscal year

EGP 2.5bn not invested in factories to generate jobs, limiting ability to…

Abdel Razek Al-Shuwekhi

Parliament calls on government to pay EGP 7bn of export subsidies arrears

Dues are for 18 months, securing them saves factories from shutting down:…

Abdel Razek Al-Shuwekhi

ERC to open Mostorod refining complex by December 

The repayment of the refinery's loan will begin in mid-2019, says Saad

Mohamed Farag

AlexBank achieves EGP 2.783bn net profit in 2017

The Bank of Alexandria (AlexBank) announced that it recorded a net profit…

Daily News Egypt

Pharos appoints Aladdin El-Afifi as new managing director, co-CEO

Pharos Holding for Financial Investments announced the appointment of Aladdin El-Afifi as…

Daily News Egypt

China says financial risks ‘under control’

China's finance minister has said Beijing is fully confident of its capacity…

Deutsche Welle

Electricity Minister to inaugurate Infinity Solar’s station next week

We aim to expand investment in renewable energy sector, says Mansour

Mohamed Farag

Egypt ERA to announce waste-to-energy generation tariff by next week

10 companies seek to invest $500m in waste-to-energy projects

Mohamed Farag