
Negligence of foreign currency resources aggravates ballooning dollar crisis
A decline in revenues from tourism, FDI, the Suez Canal and Egyptian exports continues to burden Egypt’s foreign reserves
701 Articles
A decline in revenues from tourism, FDI, the Suez Canal and Egyptian exports continues to burden Egypt’s foreign reserves
The GASC issued a series of calls to tender, moving between local suppliers, whom it owed outstanding payment, and international suppliers, whom it failed to interest
Egyptian delegation agreed with IMF officials to cooperate in studying methods to enforce VAT law
Economy professor Alia El-Mahdy believes Egypt will adopt further economic reforms in the new fiscal year to meet IMF’s demands
Businessman Naguib Sawiris insists that Tarek Amer used his position to prevent state-owned banks from funding his bid to acquire CI Capital
The Ministry of Transportation spokesperson said that the ticket increase will not exceed EGP 1, making the final price EGP 2
Questions have been raised over the purported success of the conference, as following up on investment pledges haven’t been announced periodically
Steel factories were spending $2bn to import steel plate, to offset low production resulting from gas shortage
US dollar is forecasted to break EGP 10 threshold
Additional costs will be fully given to Careem drivers “to encourage them” to be available during peak times
Syndicate of Commodity Grocers alleges Ministry of Supply mismanaged food sourcing procedures in attempt at centralisation
An attempt to provide an account of the brief history of the World Bank loan agreements, negotiations surrounding VAT, and the implications of parliamentary intransigence
The project was finalised in three months and 10 days
Some employees are yet to be informed under which system they will receive their February salaries
Police have reportedly begun stopping Uber and Careem drivers to check their papers
GASC issued two tenders last week
Last May, wheat reserves were reported to be 165,000 tonnes
Government will give EGP 1,300 in subsidies for each planted acres with a maximum 25 acres for each farmer
Egypt faces an impending crisis in its main food commodity as suppliers boycotted a tender issued earlier this month in protest of new import rules
Noureldin said France has often requested exemption from Egyptian quality regulations
The new administrative capital is the natural extension of the city and it will develop anyways, says JLL Egypt Director
Government custom revenues recorded 8.7% of total value of imports in first five months of FY 2015/2016
Implementation of VAT as replacement for current sales tax is the cornerstone of revenue-side reforms in Egypt, says Mathias Angonin
Ministry of Housing awaits upcoming law to send to parliament for approval
Bilateral trade between Egypt and Australia in FY 2014/2015 recorded at $386m
The government said that it will resubmit the law to the parliament after amending it
Mega projects were a catalyst for some private sector investments and helped lift business confidence in Egypt, says Fitch Senior Director
Free Egyptians Party calls for a community dialogue later to discuss the law
Cairo prepares 16 projects, MoUs to be signed with China in the fields of electricity, transportation, construction, agriculture, industry, education
The armed forces undertook construction of the roads and bridges surrounding the shopping centre for EGP 35.5m