Economy

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  • Category : Economy
  • Madbouli urges more measures to lure investments

    Date: 2019-02-18 20:11:38 GMT - Egypt - Economy - SN:77 - ID:7810891

    CAIRO, Feb 18 (MENA) - Prime Minister Moustafa Madbouli directed the government on Monday to take any measures necessary to promote investment opportunities in Egypt. Madbouli asserted the need to settle any issues investors face in Egypt to ....

  • Budget deficit narrowed to EGP 186.6 bln in H1 -- ministry

    Date: 2019-02-18 18:19:21 GMT - Egypt - Economy - SN:69 - ID:7810838

    CAIRO, Feb 18 (MENA) - Egypt's budget deficit has declined to EGP 186.6 billion in the first half of the 2018-2019 fiscal year, from EGP 187.2 billion in the same period of the previous year, the Finance Ministry said in a new report on Monday. ....

  • Mamish inks MoU with Russia's SEZ Dubna chief

    Date: 2019-02-18 18:13:53 GMT - Egypt - Economy - SN:68 - ID:7810485

    CAIRO, Feb 18 (MENA) - Head of the Suez Canal Authority (SCA) and the Suez Canal Economic Zone (SCZone) Mohab Mamish signed on Monday with General Manager of Dubna Special Economic Zone (SEZ Dubna) Afanasiev Anton a memorandum of understanding (MoU) ....

  • Finance Ministry auctions EGP 1.7 bn T-bonds

    Date: 2019-02-18 16:12:55 GMT - Egypt - Economy - SN:58 - ID:7810661

    CAIRO, Feb 18 (MENA) - The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP 1.750 billion. In an online statement, the ministry said it has sold EGP 1 billion of 3-year T-bonds with an average interest rate of 16.506%, ....

  • Egypt's bourse indices up

    Date: 2019-02-18 14:58:51 GMT - Egypt - Economy - SN:53 - ID:7810490

    CAIRO, Feb 18 (MENA) - The Egyptian Exchange (EGX) continued gains at the end of Monday tradings backed by purchases operations of Arab investors. The capital market of companies registered at bourse gained EGP 200 million to end at EGP 838 ....

  • Technology main pillar of enhancing sustainable development efforts - minister

    Date: 2019-02-18 14:16:02 GMT - Egypt - Economy - SN:50 - ID:7810215

    ASWAN, Upper Egypt, Feb 18 (MENA) - Minister of Communications and Information Technology Amr Talaat said on Monday that technology has become a main pillar for enhancing efforts of comprehensive sustainable development. The minister's remark ....

  • Molla underlines importance of maximizing use of local components in oil projects

    Date: 2019-02-18 12:33:58 GMT - Egypt - Economy - SN:37 - ID:7809933

    CAIRO, Feb 18 (MENA) - Minister of Petroleum and Mineral Wealth Tarek el Molla asserted the importance of local manufacturing of equipment used in oil projects with the aim of accelerating their implementation and securing their sustainable ....

  • Italian investors confident in Egypt's reform steps

    Date: 2019-02-18 12:16:47 GMT - Egypt - Economy - SN:34 - ID:7810035

    CAIRO, Feb 18 (MENA) - Italian investors voiced confidence in reform steps adopted by Egypt's leadership to achieve comprehensive economic development in the light of stability the country enjoys at all levels, encouraging foreign companies to pump ....

  • Uber Egypt to pay value added tax

    Date: 2019-02-18 10:01:32 GMT - Egypt - Economy - SN:24 - ID:7809758

    CAIRO, Feb 18 (MENA) - The Finance Ministry will collect Value Added Tax (VAT) from Uber Egypt, the ride-sharing company, in accordance with Law No. 67/2016, said Finance Minister Mohamed Maait on Monday. In a statement, Maait said the ministry ....

  • Cash dealings to be suspended at investors' service center

    Date: 2019-02-18 09:04:19 GMT - Egypt - Economy - SN:20 - ID:7809682

    CAIRO, Feb 18 (MENA) - The General Authority for Free Zones and Investment (GAFI) decided to end cash dealings at the investors' main services center as of Wednesday. Cash dealings will be replaced by deposits in the GAFI bank accounts or by any ....

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