Economy

VAT will not increase gasoline, diesel prices: GPC

VAT will not increase gasoline, diesel prices: GPC

The chief executive of the General Petroleum Corporation, Tareq al-Hadidy, has denied that the looming introduction of a Value-Added Tax…
Egypt, India to discuss mega projects, medical city

Egypt, India to discuss mega projects, medical city

President Abdel Fattah al-Sisi begins a three-day visit to New Delhi on September 1 for talks with Prime Minister Narendra…
Amazon Dash one-button device arrives in Britain

Amazon Dash one-button device arrives in Britain

Seeking to capitalize on Britons too busy or forgetful to shop for household essentials, retail giant Amazon is bringing its…
Oil slips on dollar strength, still set for monthly gain

Oil slips on dollar strength, still set for monthly gain

Crude oil prices slid on Wednesday, pressured by a strong U.S. dollar and high stocks of physical oil, though prices…
Cyprus signs deal with Egypt for gas transfers via pipeline

Cyprus signs deal with Egypt for gas transfers via pipeline

Cyprus signed a deal on Wednesday for the transfer of natural gas via pipeline to Egypt, once extraction starts of…
1.33 mn Egyptians permitted to work abroad in 2015: CAPMAS

1.33 mn Egyptians permitted to work abroad in 2015: CAPMAS

The total number of permits for working abroad issued by Egypt's Interior Ministry rose by 0.9 percent in 2015 compared…
Iraq’s Qayyara oil fields won’t return to production before Mosul retaken: spokesman

Iraq’s Qayyara oil fields won’t return to production before Mosul retaken: spokesman

Iraq doesn't expect to resume production from the northern Qayyara oil region before the capture of nearby Mosul from Islamic…
Parliament chief refers wheat corruption report to prosecutor general

Parliament chief refers wheat corruption report to prosecutor general

A parliamentary fact-finding commission's report on corruption in the country's wheat industry was referred to the prosecutor general and an…
Egyptian parliament approves value-added tax at 13 percent

Egyptian parliament approves value-added tax at 13 percent

Egypt's parliament approved on Monday a long-awaited law introducing a value-added tax of 13 percent, rising to 14 percent in…
Egypt’s tourism drops 41.9 pct in July year-on-year: CAPMAS

Egypt’s tourism drops 41.9 pct in July year-on-year: CAPMAS

Egypt suffered a 41.9 per cent drop in the number of incoming tourists in July compared to a year earlier,…
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