Business
Electricity prices to increase to cover subsidy shortage: Min.
February 28, 2019
Electricity prices to increase to cover subsidy shortage: Min.
The government has to support the domestic consumption of electricity with subsidies up to LE 46.7 billion; however, the amount…
Egyptian ministers meet with Korean bank representatives in Seoul
February 26, 2019
Egyptian ministers meet with Korean bank representatives in Seoul
Finance Minister Mohamed Maait, Investment and International Cooperation Minister Sahar Nasr, Chairman of the Suez Canal Authority Mohab Mamish and…
Molla pledges to accelerate pace of Abu Tartur project
February 25, 2019
Molla pledges to accelerate pace of Abu Tartur project
Egypt’s Minister of Petroleum and Mineral Resources Tarek El Molla pledged to accelerate the pace of work at the Abu…
US dollar exchange rates decline by 2-piaster average
February 21, 2019
US dollar exchange rates decline by 2-piaster average
US dollar prices have slightly declined against the Egyptian pound by average of 2 piasters in several banks on Thursday.…
Uber finally responds to Egypt’s Value Added Tax Law
February 20, 2019
Uber finally responds to Egypt’s Value Added Tax Law
Ride-hailing app Uber will finally pay the Value Added Tax (VAT) in Egypt, fulfilling Law No. 67/2016, Minister of Finance…
Egypt launches Wazefa Tech training program
February 20, 2019
Egypt launches Wazefa Tech training program
Egypt’s Minister of Social Solidarity Ghada Wali and Minister of Communications and Information Technology (CIT) Amr Talaat launched on Tuesday…
Siemens, EETC finish constructing electricity grid connection project to Sudan
February 20, 2019
Siemens, EETC finish constructing electricity grid connection project to Sudan
Chairman of the Egyptian Electricity Transfer Company (EETC) Sabah Mashali announced on Tuesday that German company Siemens and the EETC…
Iran oil exports rise in early 2019 despite sanctions
February 19, 2019
Iran oil exports rise in early 2019 despite sanctions
LONDON (Reuters) – Iran’s exports of crude oil were higher than expected in January and are at least holding steady…
Egypt denies issuance of LE 100 coin for circulation
February 18, 2019
Egypt denies issuance of LE 100 coin for circulation
The Egyptian cabinet on Monday denied the issuance and circulation of a LE 100 coin in the market, asserting that…
US dollar exchange rate in Egypt continues to decline
February 17, 2019
US dollar exchange rate in Egypt continues to decline
On Sunday, the US dollar prices saw a drop of 3 piasters compared to the Egyptian pound. In the National…