The International Monetary Fund (IMF) released its fourth review of Egypt's economy on 6 April as part of the economic reform programme carried out as a condition of an extended loan of $12 billion.
The report, the fifth and final one being due (...)
The International Monetary Fund (IMF) released its fourth review of Egypt's economy on 6 April as part of the economic reform programme carried out as a condition of an extended loan of $12 billion.
The report, the fifth and final one being due (...)
Egypt's draft budget for 2019-20 is with the House of Representatives, the lower house of the country's parliament, for approval after having passed cabinet scrutiny. The House has three months to deliberate on the document before it is signed into (...)
To the delight of pensioners, President Abdel-Fattah Al-Sisi ordered the Ministry of Social Solidarity last week to withdraw its appeal against a High Administrative Court ruling issued in February on the right of pensioners to receive annual (...)
The government's strategy to lower Egypt's public debt to 80 per cent of gross domestic product (GDP) by 2022 has now started, after the country's domestic and foreign public debt stood at around 97 per cent of GDP in June 2018.
Two key components (...)
The Egyptian Stock Exchange last week saw the sale of 4.5 per cent of Eastern Tobacco, a publicly owned cigarette and tobacco company, or the equivalent of around one million shares, in the first sale of any public-sector company shares for many (...)
Egypt's real-estate market is in a slump. People's purchasing power has declined with a rise in the prices of properties on the back of costlier building materials and land, and this has led to a series of setbacks in the property market.
After the (...)
Egypt's real-estate market is in a slump. People's purchasing power has declined with a rise in the prices of properties on the back of costlier building materials and land, and this has led to a series of setbacks in the property market.
After the (...)
Pictures of new vehicles lined up in port in Alexandria have repeatedly appeared on social networks in Egypt of late, most of them released by members of the “Let it Rust” campaign, an initiative that kicked off on Facebook towards the end of 2018 (...)
The business community has high hopes that Egypt's presidency of the African Union (AU) this year will boost trade and investments with African countries.
Egypt has strong economic and commercial ties with Nile Basin countries, including Rwanda, the (...)
Egypt's parliament has approved in principle a new law introducing an amnesty on building violations and giving those convicted of them the opportunity to come to an agreement with the state.
The House of Representatives' Housing Committee said the (...)
“Let it Rust”, a campaign started on social networks towards the end of 2018 protesting against the high prices of cars in Egypt, went viral in early January as consumers continued to wait for a decrease in automotive prices following the full (...)
“Let it Rust”, a campaign started on social networks towards the end of 2018 protesting against the high prices of cars in Egypt, went viral in early January as consumers continued to wait for a decrease in automotive prices following the full (...)
Egypt's parliament last week approved a new law introducing an amnesty on building violations and giving those convicted of them the opportunity to come to an agreement with the state.
The House of Representatives' Housing Committee said the new law (...)
Official statements are indicating that the government's initial public offerings (IPOs) programme to privatise some state-owned companies may be inching towards take-off. Head of Egypt's stock market Mohamed Farid also anticipated earlier this (...)
The new national e-payment card Meeza (meaning “merit” in Arabic) is being released onto the market through the National Bank of Egypt (NBE) and Banque Misr and will soon be rolled out at other banks such as Banque du Caire.
Meeza is the latest (...)
Minister of Trade and Industry Amr Nassar has issued a decision to extend custom duties on exported scrap metals, paper waste and ores for an additional year.
According to the decision, custom duties will be extended on different forms of (...)
This year's figures reveal improvements in the tourism sector, with an increase in holidaymakers to Egypt from both regular and new markets.
Russian flights are landing in Cairo once more, two years after the crash of a Russian plane over the Sinai (...)
The Ministry of Finance has raised the customs dollar exchange rate for non-essential and luxury goods, tying it to the Central Bank of Egypt's (CBE) dollar exchange rate for a month, starting on 1 December.
The customs dollar exchange rate had been (...)
The cabinet approved the establishment of a free zone in the city of Nuweiba in South Sinai on Saturday in a decision that is in line with the new investment law and regulations concerning the establishment of free zones.
Sahar Nasr, minister of (...)
The Ministry of Finance has raised the customs dollar exchange rate for non-essential and luxury goods, tying it to the Central Bank of Egypt's (CBE) dollar exchange rate for a month, starting on 1 December.
The customs dollar exchange rate had (...)
The Ministry of Finance is targeting a 6.5 per cent growth rate for Egypt's economy in the fiscal year 2019-20, up from 5.8 per cent expected for the current fiscal year, according to the state bulletin for the general budget for 2019-20.
The (...)
This week Cairo hosted the 16th Middle East and North Africa International Franchise and Licence Exhibition (MIFE), an annual event drawing attention to the growing role of franchises in the Egyptian economy.
“This year saw first-time exhibitors in (...)
Egypt took part in this year's World Travel Market (WTM), held in London from 5 to 7 November, with a new look as technology reigned supreme in the country's two-floor suite at this important professional event, with visitors being invited to put on (...)
Egypt took part in this year's World Travel Market (WTM), held in London from 5 to 7 November, with a new look as technology reigned supreme in the country's two-floor suite at this important professional event, with visitors being invited to put on (...)
