Minister of Finance Mohamed Maait stated on Saturday that the treasury had transferred LE94 billion to the National Authority for Insurance and Pensions since last July or the beginning of the current fiscal year, representing 58 per cent of the (...)
Egypt's unemployment rate decreased to 8.9 per cent in the fourth quarter of 2018, down from 10 per cent in the previous quarter and 11.3 per cent a year earlier, said a recent report from the Central Agency for Public Mobilisation and Statistics (...)
The Minister of Industry and Foreign Trade issued a decree on 15 April imposing temporary customs duties on imports of semi-finished products of iron or non-alloy steel and steel rebar (bars, rods and coils) for six months.
According to the decree, (...)
Minister of Agriculture and Land Reclamation Ezzeddin Abu Steit recently announced that an increase of 50 per cent would be allowed in the land allocated for rice cultivation this season. 1,074000 feddans will be cultivated with rice this year (...)
Minister of Agriculture and Land Reclamation Ezzeddin Abu Steit recently announced that an increase of 50 per cent would be allowed in the land allocated for rice cultivation this season. 1,074000 feddans will be cultivated with rice this year (...)
President Abdel-Fattah Al-Sisi announced on Saturday a set of measures aimed at helping people across the country cope with the increases in prices seen over recent months in a move that took many by surprise.
The minimum wage would be increased to (...)
THE SECOND phase of rationalising Egypt's database of ration-card beneficiaries will take place in March, Minister of Supplies and Internal Trade Ali Moselhi said earlier this week, reports Mona El-Fiqi.
There are six criteria that could lead to (...)
The government is debating a new system for export subsidies, with Prime Minister Mustafa Madbouli starting discussions on 29 January with the country's various export councils to find a more effective support mechanism for exporters.
According to (...)
As the Ministry of the Public Business Sector (MPBS) continues to implement its plans to develop 26 public-sector companies in order to optimise their outputs and reduce their losses, the cabinet has decided to set up a fund to settle their debts to (...)
As the Ministry of the Public Business Sector (MPBS) continues to implement its plans to develop 26 public-sector companies in order to optimise their outputs and reduce their losses, the cabinet has decided to set up a fund to settle their debts to (...)
Following the examination of samples from Egypt, the Saudi Arabian Ministry of Environment, Water and Agriculture has imposed a temporary ban on Egyptian imports of onions because of unacceptable levels of pesticide residues.
The ban was imposed to (...)
Following the examination of samples from Egypt, the Saudi Arabian Ministry of Environment, Water and Agriculture has imposed a temporary ban on Egyptian imports of onions because of unacceptable levels of pesticide residues.
The ban was imposed to (...)
Shareholders and workers at the Nile Cotton Ginning Company (NCGC) are continuing to wait for a solution to their dispute with the government in what has been a drawn-out process that has seen the company enter a kind of legal limbo.
The company was (...)
Shareholders and workers at the Nile Cotton Ginning Company (NCGC) are continuing to wait for a solution to their dispute with the government in what has been a drawn-out process that has seen the company enter a kind of legal limbo.
The company was (...)
Egypt's agriculture sector saw improvements in 2018, with the government exerting efforts to increase the area of cultivated land by reclaiming land as well as upping penalties for building houses on agricultural areas.
However, many farmers (...)
Minister of Finance Mohamed Maait announced last week that export subsidies allocated in the budget for the current fiscal year would soon be presented to the Ministry of Trade and Industry before their disbursal to Egyptian companies.
In a meeting (...)
Introducing reforms to facilitate business operations and improve the investment climate helped Egypt improve its ranking in the World Bank Group's Doing Business Report for 2019, issued recently under the name of “Training for Reform”.
Egypt came (...)
The government is being blamed by farmers, MPs and many experts for its failure to deal with an oversupply in the cotton crop after it increased the area cultivated this season by 100,000 feddans to reach almost 330,000 feddans nationwide.
Before (...)
Due to continued financial losses and debt accumulation, the government has decided to liquidate the National Cement Company. The company, established in 1956, was the only public-sector company engaged in the manufacture and trade of cement and (...)
The next time you go out for sushi, you could end up paying a fatter bill. The chopsticks you eat with will cost more to import and so will some of the fish thanks to amendments introduced last week to import duties on some 5,800 items.
Duties on (...)
Minister of Public Enterprise Hisham Tawfik recently announced that the ministry would begin plans to restructure the public sector in September with a view to improving companies' performance and paying off their debts.
Meetings would be held with (...)
Minister of Public Enterprise Hisham Tawfik recently announced that the ministry would begin plans to restructure the public sector in September with a view to improving companies' performance and paying off their debts.
Meetings would be held with (...)
Owners of residential and commercial property in Egypt have until mid-August to pay the new property tax or prove that they are exempt. The tax, while passed in July 2013 had not been implemented until recently.
Owners can make enquiries about the (...)
Owners of residential and commercial property in Egypt have until mid-August to pay the new property tax or prove that they are exempt. The tax, while passed in July 2013 had not been implemented until recently.
Owners can make enquiries about the (...)
The rise of fuel prices in June has added to the burdens shouldered by farmers as it has led to a further hike in the prices of fertilisers.
Ahmed Mohareb, a farmer in the Beheira governorate, said that a 50 kilogram bag of urea, a kind of nitrogen (...)