Egypt tax revenues up by 62% y-o-y in 1H 2017-18
Tax revenues increased by 62% year-on-year to EGP 249 billion in the first half of fiscal year 2017-18, Vice Minister of Finance Amr El-Mounayer said Sunday, state-run MENA news agency reported.   The figure includes income tax revenues which increased by 41% year-on-year to EGP 103 billion,... Details ...
Egypt's Sisi inaugurates major tunnel, bridge projects at East Suez Canal development zone
mohamed mansour   President El-Sisi at the inauguration of projects along with Minister of Defence Sedky Sobhy, head of the Suez Canal Authority Mohamed Mamish, and Ibrahim Mahlab, the president’s adviser on national development Egypt’s President Abdel-Fattah El-Sisi inaugurated on Saturday... Details ...
Supergiant gas field Zohr officially begins production: Eni
    Italian oil and gas company Eni said on Wednesday that it had begun producing gas from Egypt's giant offshore gas field Zohr, the Mediterranean's largest ever gas discovery. The mammoth gas field began production in record time, less than two-and-a-half years since its discovery in... Details ...
Egypt investment minister meets with Tunisian envoy to discuss Nov bilateral committee meeting
  Egyptian Minister of Investment and International Cooperation Sahar Nasr met on Friday with Tunisia’s ambassador to Egypt to discuss preparationsfora meeting of the Egyptian-Tunisian joint high committee in Cairo in November, a ministry statement said.   The 36th meeting of the joint... Details ...
Russian flights back to Cairo soon?
  Egypt and Russia say progress has been made on lifting the Russian ban on passenger flights to Egypt   The foreign ministers of Egypt and Russia have said progress has been made on restoring Russian flights to Egypt. However, at a news conference held in Moscow earlier this week, neither... Details ...
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Tax revenues increased by 62% year-on-year to EGP 249 billion in the first half of fiscal year 2017-18, Vice Minister of Finance Amr El-Mounayer said Sunday, state-run MENA news agency reported.   The figure includes income tax revenues which increased by 41% year-on-year to EGP 103 billion,... Details ...
mohamed mansour   President El-Sisi at the inauguration of projects along with Minister of... Details ...
    Italian oil and gas company Eni said on Wednesday that it had begun producing gas from... Details ...
Egypt’s steady adoption of supportive macro policies as part of the recently announced International Monetary Fund (IMF) programme would provide an upside risk, according to a Bank of America Merrill Lynch report on 11 August. An upside risk would mean an uncertain possibility of gain. Merrill... Details ...
Banks operating in the Egyptian market have taken more steps to curtail the use of US dollars... Details ...
Italian oil company Eni invested $3.5-4bn in implementing the Zohr natural gas production... Details ...
A state of panic has broken out among exchange companies trading the US dollar following... Details ...

Investment in Egypt

A state of panic has broken out among exchange companies trading the US dollar following parliament’s decision on Thursday to toughen punishments on foreign currency traders who do not belong to the official market and align with the Central Bank of Egypt’s (CBE) policies. The decision aims... Details...
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  Much has been said in Egypt about sports being a man’s domain, and it’s no secret that kite-surfing falls under that umbrella to the extent that it can be a complete novelty when a woman shows up on the scene, however, 28-year-old Mia Ayoub is shattering gender stereotypes by starting... Details...
Egypt has launched a new page on the world's largest travel website Tripadvisor, with... Details...
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    Egypt, the world's largest wheat buyer, will stop subsidising flour for its sweeping bread subsidy programme next month in a move expected to cut wheat imports by up to 10 percent by curtailing smuggling, the supply ministry said on Wednesday.   Egypt is looking to tighten its finances... Details...
Ziad Bahaa-Eldin , Saturday 17Jul 2017 The worst thing is for the people to pay the price of fiscal reform without getting its reward. And this is exactly what is happening now. Every economic decision inevitably entails a cost and a benefit. Under the program agreed between the government... Details...
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Banks operating in the Egyptian market have taken more steps to curtail the use of US dollars abroad, in an attempt to decrease the foreign currency demand, given the shortage Egypt has been undergoing lately. A large number of banks decided to reduce the limits on their issued cards, including... Details...
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Written by: Mohamed Ibrahim   Dr. Mohamed Shaker, Minister of Electricity and Renewable Energy, recently witnessed the signing of a loan contract for the largest plan for the development of transmission and distribution networks in the Great Hall of the Ministry of Electricity.The signing... Details...
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