Business

New industrial energy fees take effect 1 July

New industrial energy fees take effect 1 July

The Electricity and Energy Ministry raised energy fees for energy-intensive industries as of 1 July, according to sources speaking on…
New pensions law: The hollow promise of a ‘happy retirement’

New pensions law: The hollow promise of a ‘happy retirement’

On 13 June, one year after the government introduced a new insurance and pension law, parliament ratified the final draft.The…
Govt considers importing rice

Govt considers importing rice

The government is considering importing rice, according to Ahmed el-Wakil, head of the Federation of Egyptian Chambers of Commerce.In an…
Tax Authority: Traders must adhere to new cigarette prices

Tax Authority: Traders must adhere to new cigarette prices

The Tax Authority has warned wholesale and retail cigarette traders against selling their wares at prices higher than those specified…
Finance Ministry praises its five-year performance

Finance Ministry praises its five-year performance

Finance Minister Youssef Boutros-Ghali said his ministry has managed to update the legislative system that governs the Egypt’s fiscal policies…
Govt announces private-public projects in agriculture

Govt announces private-public projects in agriculture

The Ministry of Economic Development has prepared a list of agricultural projects to be implemented in collaboration with the private…
Mobinil board approves Link.net buyout

Mobinil board approves Link.net buyout

The Egyptian Company for Mobile Services and Subsidiaries, Mobinil, has announced it will take full ownership of ADSL provider Link.net.…
Natural gas for non-energy intensive industries to increase by 15 percent

Natural gas for non-energy intensive industries to increase by 15 percent

 The Energy Pricing Committee approved two days ago the increase in the prices of energy for non-energy intensive industries by…
Government: quality more important than price for Egyptian wheat imports

Government: quality more important than price for Egyptian wheat imports

The Ministry of Trade and Industry has announced that the quality of imported wheat, without consideration of price, is the…
US agency invests $455 million in Middle East

US agency invests $455 million in Middle East

 A US trade promotion agency will invest up to $455 million in five private equity funds in the Middle East…
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