Ghali says no changes to customs on food, industrial commodities
Finance Minister Youssef Boutrous Ghali dismissed as groundless reports on amending customs on any food or industrial commodities. In statements Saturday, Ghali said that reports alleging the reduction of tariffs…
Egyptian exports to UAE increase by 6 pct
Egyptian exports to the United Arab Emirates have increased by 6 percent, reaching $532.2 million in 2009, compared to $503 million in 2008, according to a recent report. The Ministry…
Ministry of Trade changes export rebate system
The Ministry of Trade and Industry has decided to start in July 2010 applying the new methodology for granting export rebates (also considered a form of subsidy) using a value-added…
HDB approves the establishment of a leasing company
Egypt’s Housing and Development Bank (HDB) will establish a leasing company with the participation of another bank, as approved by the bank’s board of directors. HDB’s share in this company…
CIB, Suez Canal Bank capital increases approved
The capital increases of Suez Canal Bank and Commercial International Bank (CIB) were approved by the Listing Committee, according to a statement on the stock exchange website. CIB will increase…
Gedo says Zamalek won't take action against him
CAIRO: As a legal dispute between Zamalek and the Egyptian FA looms because of the controversial status of Mohamed Nagi 'Gedo', the Ittihad forward tried to ease the tension by…
Examination of case evidence in Tamim trial Tuesday
CAIRO: The Cairo Criminal Court will examine the case evidence of the Suzan Tamim murder trial Tuesday after the retrial of the defendants Mohsen Al-Sukkari and Hisham Talaat Moustafa began…
AUB offers to buy rest of Egyptian unit
Bahrain's Ahli United Bank said on Monday it will offer LE 37 Egyptian a share to buy out minority shareholders in its Egyptian subsidiary. In January, AUB raised its stake…
Female activists meet Kuwaiti ambassador about deported Egyptians
CAIRO: A group of seven activists met the Kuwaiti ambassador to Cairo Monday to discuss the situation of a group of 33 expatriate Egyptians summarily expelled from Kuwait earlier this…
Jordan's Cairo-Amman Bank Q1 profits rise 35.6 pct
Cairo-Amman Bank's first quarter net profits rose by 35.6 percent to 7 million dinars ($9.8 million) mainly boosted by strong retail business and prime corporate lending, its chairman said on…
