The Egyptian Tax Authority warns of pending administrative freeze on 13 petroleum companies; Ministry of Finance refuses to settle the debts
The Egyptian Tax Authority warned 13 public and private/public petroleum companies that they face an administrative freeze, and it has refused to accept their tax returns to date. This follows…
EGP 135bn spent on subsidies for current fiscal year
By the end of the current fiscal year the amount spent on subsidies will reach approximately EGP 135bn, compared to the EGP 129 billion spent the previous year, according to…
Wepco assumes operational control of Badr 1 field
Badr El Din Petroleum Company is currently operating Badr 1 but will soon hand over control to the Western Desert Petroleum Company (Wepco). All production will be the property of…
50 exhibitors participating in International Franchising Exhibition
Chairman of Egyptian Franchise Development Association says size of direct investments for companies operating under the franchise system in Egypt is EGP 80bn
Campaigns continue to compete for voters
Al-Sisi campaign promotes energy saving, Sabahy promises to release political prisoners
‘Revulsion’ over Turkey response as mine blast toll tops 300
The nationwide trauma over the incident has turned to rage, fuelled by claims of negligence against mine operators and what many see as a heartless response from the government.
Boko Haram in fresh attack as region meets on strategy
Militants stormed an encampment used by Chinese road workers late on Friday in a region of northern Cameroon just across the border from the strongholds where they sparked global outrage…
UN council to vote on taking Syria before criminal court
Next week's Security Council vote comes amid growing suspicions that Syria has been using chemical weapons on its own people.
Ben Ali security chief walks free after sentence cut
Seriati had been in jail ever since Ben Ali fled into exile in Saudi Arabia in January 2011 following the first of that year's Arab Spring uprisings.
EGPC to export Western Desert crude oil
Revenues of each sold barrel will value at $2, Egyptian General Petroleum Corporation CEO says