Ahmed Farahat

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Latest by Ahmed Farahat


NIB sends Finance Ministry 13 companies to float on EGX: El-Saeed

Hala Al-Saeed, minister of planning and chairperson of the National Investment Bank (NIB), said that several days ago, the bank sent the Ministry of Finance a programme of proposals for the Egyptian Exchange (EGX) of 13 companies belonging to different economic sectors. Finance Minister Amr El-Garhy said in previous statements that the ministry aims to …

Ahmed Farahat

58% targeted investments from private sector: Hala Al-Saeed

Minister of Planning, Follow-up, and Administrative Reform Hala Al-Saeed said that her ministry aims to boost private sector contribution in investments to 58% of the total investment, worth EGP 980bn, during the coming fiscal year. According to the minister, the value of private investments for fiscal year 2018/2019 will be about EGP 569bn, with public …

Ahmed Farahat

International law firms attracted by legislative changes in Egypt: Secondari

The Italian law firm BonelliErede recently began operating in Egypt. Its local partner for Egypt is Francesca Secondari, who joined the firm in 2003 and whose expertise is in mergers and acquisitions, banking, corporations, commercial agreements, and real estate transactions. She is in charge of leading BonelliErede’s Cairo office and coordinating its work with the …

Ahmed Farahat

Subsidies, dumping, tariffs, import restrictions on negotiation table between government, WTO

Magdy Makki, director-general of decision support at the Egyptian Customs Authority, said that the procedures of trade facilitation are being discussed with the World Trade Organization (WTO) delegation, as well as Egypt’s offer to facilitate the movement of bilateral trade. He added that during the meeting, facilitation was discussed in relation to the interest and …

Ahmed Farahat

JTI to continue supplying market with no increase in prices

Khaled Ismail, the director of external relations at Japan Tobacco International (JTI), said the company will continue supplying the market with all its products without any increases in prices. He pointed out that JTI will only increase the price of its products if the government increases the tax on cigarettes. The Eastern Tobacco company raised …

Ahmed Farahat

Amendments to Companies Law to be presented to cabinet on Thursday: Nasr

Sahar Nasr, the Minister of Investment and International Cooperation, said that the amendments to the Companies Law are set to be discussed in the cabinet on Thursday, in order to send the draft to the parliament’s economic committee. The law would regulate the establishment and operation of companies in Egypt. Nasr said that the ministry …

Ahmed Farahat