Business
Ministry reverses planned tax increase following truckers’ strike
December 14, 2010
Ministry reverses planned tax increase following truckers’ strike
The Egyptian Finance Ministry on Tuesday gave in to the demands of truck drivers--on strike since Friday--by reversing an earlier…
High-income earners to be excluded from ration-card program
December 14, 2010
High-income earners to be excluded from ration-card program
The Ministry of Social Solidarity has decided to exclude citizens earning monthly salaries of more than LE1000 from using the…
US mulls expansion of QIZ arrangement with Egypt
December 14, 2010
US mulls expansion of QIZ arrangement with Egypt
The United States is currently considering an Egyptian request to expand its Qualified Industrial Zones (QIZ) agreement with Egypt to…
Court adjourns review of Palm Hills case
December 14, 2010
Court adjourns review of Palm Hills case
An Egyptian court on Tuesday adjourned until 4 January the review of a lawsuit calling for revoking the sale of…
Government to auction off state-owned land lots
December 13, 2010
Government to auction off state-owned land lots
Urban Development Authority CEO Ibrahim al-Agamy on Monday said the government decided to auction state-owned land for investment. In Sinai,…
Egypt-based company wins bid for Ethiopia tunnels
December 13, 2010
Egypt-based company wins bid for Ethiopia tunnels
Company Al-Mokawloon Al-Arab "Arab Contractors" won a bid for US$35 million to build tunnels in the Ethiopian capital Addis Ababa.…
Following truckers’ strike, Finance Ministry reverses move to raise cargo taxes
December 13, 2010
Following truckers’ strike, Finance Ministry reverses move to raise cargo taxes
The Egyptian Finance Ministry has reversed an earlier decision to raise taxes on cargo transport after truck drivers staged a…
Ministers approve plan to attract UAE investment
December 13, 2010
Ministers approve plan to attract UAE investment
The Council of Ministers approved a plan to attract United Arab Emirates (UAE) investment to Egypt. It also agreed to…
Egypt seeks billions in public-private partnerships
December 13, 2010
Egypt seeks billions in public-private partnerships
Egypt plans to offer billions of dollars worth of transport, energy and other projects in partnership with private firms over…
Egypt, Abu Dhabi Fund sign US$49 million loan deal for power plant
December 13, 2010
Egypt, Abu Dhabi Fund sign US$49 million loan deal for power plant
Egypt signed a loan agreement with Abu Dhabi Fund for Development worth 285 million Egyptian pounds (US$49.2 million) that will…