CBE says no new Forex, money transfer companies; Report
The Central Bank of Egypt has recently turned down requests to grant new licenses for setting up new foreign exchange or money transfer companies, pan-Arab Asharq Al-Awsat daily reported.…
Egypt aims to double tax revenue
The Ministry of Finance plans to double tax revenue within five years to LE 408.27 billion in fiscal year 2014/15 from the targeted LE 197.3 million in fiscal year…
Egypt allocates LE 10.5 bln for bread subsidies
The Egyptian government allocated LE 10.5 billion of its budget to subsidized bread for fiscal year 2010/11, according to the Ministry of Finance, reported Al-Masry Al-Youm. Of the…
Gujarat, Egypt to work jointly for tourism
The Tourism Corporation of Gujarat and tourism department of Egypt will work together to develop the tourism sector in India, reported Business Standard. Vipul Mitra, tourism secretary in…
Pioneers may raise Cairo Housing stake
Pioneers Holding, Egypt’s second- largest publicly traded investment bank, said it may consider adding to a stake in Cairo Housing & Development after the housebuilder reports second quarter earnings,…
Jordanians set off to deliver Gaza aid overland from Egypt
AMMAN: A group of Jordanian activists and trade unionists set off for Gaza on Tuesday to deliver the blockaded Palestinian enclave aid relief and medical supplies overland from Egypt, organizers…
GB Auto to build $13 million logistics center
GB Auto will build a LE 75 million ($13 million) automotive warehousing and logistics facility near Cairo it hopes will generate 60 million a year in savings and fees,…
Censorship takes center stage at annual Bussy performance
“As citizens, we bring it on ourselves, we censor ourselves. If we change, the censors will change,” said Sondos Shabayek, director of the annual Bussy plays, shortly after the performance…
Shawky in talks with Lierse
CAIRO: Egypt midfielder Mohamed Shawky has entered talks with Belgian side Lierse, the player's agent revealed. Shawky became a free agent recently after terminating his contract with Kayserispor and Lierse,…
Comic book writer Harvey Pekar dies at 70 in Ohio
Harvey Pekar, whose autobiographical comic book series "American Splendor" portrayed his unglamorous life with bone-dry honesty and wit, was found dead at home early Monday, authorities said. He was…