Business
IMF approves 4th tranche of Egypt’s $12 billion loan
June 30, 2018
IMF approves 4th tranche of Egypt’s $12 billion loan
Egypt received the approval of the International Monetary Fund (IMF) on Friday for its fourth tranche of its $12 billion…
Minister of Finance asserts new exemptions will ease tax burdens
June 25, 2018
Minister of Finance asserts new exemptions will ease tax burdens
Minister of Finance Mohammed Moaet said on Monday that the amendments adopted by President Abdel Fattah al-Sisi would ease…
Egypt paid $30 billion in loans during 2017: Finance Ministry
June 25, 2018
Egypt paid $30 billion in loans during 2017: Finance Ministry
Egypt’s Finance Ministry said on Sunday that the country has paid $30 billion in 2017 in bonds and external…
Trump greets EU trade reprisals with threat of steep auto tariff
June 23, 2018
Trump greets EU trade reprisals with threat of steep auto tariff
President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on…
UAE’s Mubadala purchases 10% stake in Shorouk concession area
June 21, 2018
UAE’s Mubadala purchases 10% stake in Shorouk concession area
Petroleum Minister Tarek al-Mulla signed a final contract with the UAE’s Mubadala Petroleum, Italy’s Eni, and the Egyptian Natural Gas…
Forbes lists 4 Egyptian companies among the top 100 powerful companies in the MENA
June 19, 2018
Forbes lists 4 Egyptian companies among the top 100 powerful companies in the MENA
Forbes Middle East Magazine has listed four Egyptian companies among its list of 100 most powerful public companies in…
Turkey plans to establish global industrial city in Egypt by 2019
June 19, 2018
Turkey plans to establish global industrial city in Egypt by 2019
Despite the political differences between the two countries, Turkey is planning to establish international industrial city in Egypt by…
Government to receive $2 billion from IMF in July: Minister
June 19, 2018
Government to receive $2 billion from IMF in July: Minister
Minister of Finance Mohammed Maet announced on Monday that Egypt would receive the fourth tranche of the International Monetary…
Ministry of Finance pays LE 1.5 billion to install energy-conserving headlights
June 17, 2018
Ministry of Finance pays LE 1.5 billion to install energy-conserving headlights
The Ministry of Finance stated on Sunday that a disbursement of LE 1.5 billion will finance the first and…
After fuel prices increase, Prime Minister announces new transportation tariff
June 17, 2018
After fuel prices increase, Prime Minister announces new transportation tariff
Prime Minister Mostafa Madbouli held a lengthy meeting on Saturday via video conference with the governors from the Cabinet…