Tag: Business

IDA demands the removal of rebar from energy-intensive list

Industrial Development Authority wants to end requests being sent to SCE for…

Abdel Qader Ramadan

Germany to lift travel warnings to Sharm El-Sheikh: German Embassy in Cairo

German Ambassador Hansjorg Haber considers lifting travel warnings to Sharm El-Sheikh very…

Egypt to adopt international taxation policy to avoid double taxation: Finance minister

Government struggling to expand resources through tax reform imposing new taxes, fighting…

Mohamed Ayyad

Beltone refuses sale rate offered from Hermes

Curtain draws on Beltone-Sawiris deal to purchase 20% stake in Hermes after…

Mohamed Ayyad

‘No shame’ in Egypt using Israeli gas through British oil Company, after state’s approval: Petroleum minister

Egyptian government struggles to contain discontent of BG Group, which had to…

Mohamed Ayyad

Al-Sisi imposes additional 50% tax on cigarettes, 200% on beer

The tax on other alcoholic beverages, such as wine and spirits manufactured…

Egypt to allow foreign companies to provide mortgage finance

In an effort to expand low-income housing

Mohamed Ayyad

Sawiris-Beltone deal only succeeds in purchasing 9% of EFG Hermes, falling short of 20% target

54.4m shares purchased represent less than 9% of total Hermes shares

Mohamed Ayyad

Egypt paid $700m to Paris Club on 4 July: Ramez

Governor of the Central Bank of Egypt Hisham Ramez told Reuters on…

Daily News Egypt

Rise in fuel prices will bring in EGP 24bn in additional revenue for EGPC: Chairman

The rise in price of such petroleum products as gasoline, diesel, and…

Mohamed Adel