Decrease in revenues since 25 January pushes the Ministry of Antiquities to think outside the box: Mohamed Ibrahim
Ibrahim said that the Ministry’s revenues decreased by 35% from EGP 1.273bn during the 2009-2010 fiscal year to EGP 772m during the 2010-2011 fiscal year.
Read More →Middle East funds set to boost investment in Egypt: survey
Fund managers in the Middle East are set to pump more money into Egypt, showed a Reuters survey
Read More →OPEC helps finance Egyptian power station
The announcement came after the signing of an official agreement stating that the OPEC fund will contribute $70m to the project.
Read More →Tourism slumps 80% since August: tourism minister
Hisham Zaazou says Egypt has lost a possible $1bn due to the crisis since July
Read More →What Security Investors Really Want
Highest among their concerns was not, as you might expect, the physical security situation.
Read More →Civil Aviation Minister: steps being taken to raise the absorptive capacity of Egyptian airports to 40 million passengers by 2025
Civil Aviation Minister Abdel Aziz Fadel stated that this move comes alongside efforts to further develop EgyptAir’s aircraft fleet.
Read More →Bourse falls short of 5800-point target
Egyptian markets witness expected losses after steady climb
Read More →Chambers of Commerce announce ways of curbing inflated prices
Federation of Egyptian Chambers of Commerce: no alternative for “redeveloping trade” to adjust prices in the markets
Read More →Construction sector gaining momentum
Several construction companies register profit despite Egypt’s ailing economy
Read More →Abd al-Nur announces that industrial lands not to be included in bids and tenders law
Abdel Nour added that Egypt’s government had recently entered into negotiations to pay back the debt held by the Egyptian General Petroleum Corporation (EGPC) to mining companies, estimated to total $5.5bn, in order to provide incentive for international companies to increase their production within the country.
Read More →Minister of Finance and acting American ambassador discuss business
Acting American ambassador says the United States is economically committed to Egypt
Read More →Banha electrical power plant to begin providing services next month: Ministry of Electricity
The project will be implemented using a total of 17 multiple processes. This will be done to allow the largest number of local companies possible to take part in the project, whose total cost is estimated to reach EGP 4.450bn.
Read More →EGP 8.816bn in electronic payments made in monthly taxes and customs duties payments
An additional 1,200 post offices have also begun taking part in the system, bringing the total number of participating payment stations to 4,520. He added that the system had been set up during July and August of last year.
Read More →Uncertain future for Muslim Brotherhood’s businesses
The Brotherhood has no economic activities, says FJP head of economic committee Abdullah Shehata
Read More →General Motors Egypt launches new product with EGP 180m investment
The managing director of General Motors in Egypt and North Africa, Tarek Attia said that they are committed to more investments in the future.
Read More →Central Bank economically reflects on Egypt’s BOP
Central Bank of Egypt: current account deficit retreated by 45% to reach $ 5.6bn from $10bn
Read More →Minister of Finance reassures EFG-Hermes on economy prospects
Minister Ahmed Galal discussed in a conference call with EFG-Hermes the government’s plans to boost economy and encourage investors
Read More →Travel bans to Egypt are lifted by three European countries
Holland, Belgium and Czech Republic removed their travel alerts
Read More →Displaced Syrians give life to ghost industrial park
Most are now shuttered, and residents of Aleppo displaced by the fighting between regime forces and rebels have set up home there as they struggle to survive.
Read More →Government to take commodity price control measures
Preliminary approval to set compulsory prices of vegetables and fruits if merchants fail to lower their prices within a week
Read More →Saudi ready to cover any global oil shortage: minister
Officials from Iraq, the second largest producer in oil cartel OPEC, were quoted on Monday as saying that the country had restored normal output after completing repair work on a pipeline leak.
Read More →Government mandates high consumption factories to use renewable energy to meet half their needs
Ahmed Imam, Minister of Electricity and Energy, stated that the decision will seek to have high energy consuming factories meet 50% of their needs using new and renewable energy sources capable of producing 970 megawatts of energy.
Read More →EGX 30 rises for the 8th consecutive day
Investors seek the Egyptian bourse, leading liquidity to head to the stock market
Read More →Private sector minimum wage negotiations to start next week
Economic struggle of businessmen to be taken into consideration when setting the minimum income for private sector companies
Read More →Oil prices slide on easing Middle East concerns
New York’s main contract, West Texas Intermediate, for November sank to $103 — the lowest point since 8 August.
Read More →EIPR comments on new Swiss law to freeze, seize and recover smuggled assets
EIPR, as part of its work on issues related to the recovery of smuggled funds, obtained an Arabic translation of the new law, saying that it included discussion on all issues related to the freezing, seizure and recovery of assets deposited by foreign dictators.
Read More →European stock markets stable after Merkel win
Chancellor Merkel’s triumphant conservative Christian Democrats (CDU) won 41.5% of the vote.
Read More →Egyptian market rises stably
The stock market registered its highest gain in seven months
Read More →Deposit withdrawals, strict procedures to protect banking sector: Bank Employees Union
Business is proceeding as normal within banks, he said, adding that strict security measures had been taken at bank entrances and exits, in order to prevent acts of theft and robbery from taking place at various branches.
Read More →Finance ministry hopes to cut budget deficit to 10% after minimum income implementation
The new law will cost the Treasury upwards of EGP20bn.
Read More →
-
Most Popular
-
-
-
Opinion
interviews
-
Decrease in revenues since 25 January pushes the Ministry of Antiquities to think outside the box: Mohamed Ibrahim
Daily News Egypt
- Civil Aviation Minister: steps being taken to raise the absorptive capacity of Egyptian airports to 40 million passengers by 2025
- Governance, trade and cultural exchanges are the main priorities: new Swedish Ambassador to Egypt
- President of the AmCham: Political tension between the U.S. and Egypt will not reflect on trade
-
Polls
Loading ...
