Business
Tax Authority: Constitution allows taxing Egyptians abroad
March 10, 2014
Tax Authority: Constitution allows taxing Egyptians abroad
Mostafa Abdel Qader, head of the Tax Authority, said on Monday that the new Constitution allows for imposing taxes on…
February’s inflation rate increases by 1%
March 10, 2014
February’s inflation rate increases by 1%
The Central Agency for Public Mobilization and Statistics (CAPMAS) said the inflation rate in February increased by 1 percent to…
Al-Futtaim to pump LE16.5 billion into investments in Egypt over five coming years
March 10, 2014
Al-Futtaim to pump LE16.5 billion into investments in Egypt over five coming years
The Emirati Al-Futtaim group will pump LE16.5 billion to establish five malls in Egypt over the coming five years that…
UAE, Oman and Iraq lead Middle East oil and gas transactions in 2013
March 10, 2014
UAE, Oman and Iraq lead Middle East oil and gas transactions in 2013
According to EY’s Global Oil & Gas Transactions report, the combined number of oil and gas transactions in the UAE,…
Govt plans to raise prices of high electricity consumption by 10-15%
March 9, 2014
Govt plans to raise prices of high electricity consumption by 10-15%
The Ministry of Electricity said on Sunday that the government plans to increase prices of high electricity consumption brackets by…
Finance minister predicts 11-12% budget deficit
March 8, 2014
Finance minister predicts 11-12% budget deficit
Finance Minister Hany Qadry Damian raised predictions for the budget deficit during the fiscal year 2013-2014 to 11-12 percent. This prediction…
Zaazou: seeking 2010 record of 15 mil tourists
March 8, 2014
Zaazou: seeking 2010 record of 15 mil tourists
Tourism Minister Hesham Zaazou said his ministry's plan for 2014 is to restore 2010's record of 15 million tourists which…
Coca-Cola plans to pump US$500m in Egypt, Minister
March 6, 2014
Coca-Cola plans to pump US$500m in Egypt, Minister
Coca-Cola international plans to invest US$500 million in Egypt during the next three years, Minister of Investment, Industry and Foreign…
Global Telecom’s loss reaches US$924 million in 2013
March 6, 2014
Global Telecom’s loss reaches US$924 million in 2013
Global Telecom Holding has just released its 4Q2013 results.
Egypt lobbies Germany to ease travel advisory: minister
March 6, 2014
Egypt lobbies Germany to ease travel advisory: minister
Egypt is urging Germany to ease its advice against travel to the entire Sinai peninsula after security concerns following the…