Economy
Communications Minister says ready for Economic Summit with large projects
February 4, 2015
Communications Minister says ready for Economic Summit with large projects
In an interview with Al-Masry Al-Youm, Communications Minister Atef Helmy said the ministry is offering many investment opportunities at the Economic…
Egypt says to issue $950 mln 1-year Treasury bill
January 8, 2015
Egypt says to issue $950 mln 1-year Treasury bill
Egypt plans to issue a $950 million 1-year Treasury bill next week, the central bank said on Thursday.It said the…
Cairo stops subsidies to farmers of cotton, once Egypt’s “white gold”
January 6, 2015
Cairo stops subsidies to farmers of cotton, once Egypt’s “white gold”
Growers of Egypt's high quality cotton will no longer receive any state support and have been advised not to plant…
EFG Hermes: Early signs for recovery of Egyptian economy confirmed
November 27, 2014
EFG Hermes: Early signs for recovery of Egyptian economy confirmed
EFG Hermes, one of the Middle East's largest investment banks, confirmed early signs for the recovery of the Egyptian economy…
EFG-Hermes: Low oil prices to boost disinflation, subsidy reforms in Egypt
November 25, 2014
EFG-Hermes: Low oil prices to boost disinflation, subsidy reforms in Egypt
EFG-Hermes expects a new era of depressed oil prices and a stuctural shift in global supply and demand balances, according…
Tamar gas group plans upgrade, including pipeline to Egypt
November 20, 2014
Tamar gas group plans upgrade, including pipeline to Egypt
Israel's offshore Tamar gas field may get a $1.5-$2 billion upgrade, including the construction of an underwater pipeline to an…
Egypt pound volatile on black market due to commercial demand, Qatar repayment concerns
November 19, 2014
Egypt pound volatile on black market due to commercial demand, Qatar repayment concerns
The Egyptian pound was flat at a central bank dollar sale on Wednesday but was volatile on the black market…
Egypt’s property tax rates case by case: Guide tables
November 15, 2014
Egypt’s property tax rates case by case: Guide tables
Finance Minister Hani Qadri Demian said housing units of children will be exempted from the real estate tax if the…
Minister of Investment: Egypt assigns consulting house to prepare for March economic summit
November 13, 2014
Minister of Investment: Egypt assigns consulting house to prepare for March economic summit
Investment Minister Ashraf Salman said in an interview that the government assigned a new consulting house (WPP) to prepare for…
Egypt’s cement firms overcome gas shortages by importing coal
November 5, 2014
Egypt’s cement firms overcome gas shortages by importing coal
Several of Egypt's major cement producers have begun retrofitting their plants to run on energy from imported coal, beating high…