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Business
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Economy
2/6/2024 1:15:14 PM
The Egyptian government is keen to further its cooperation with the World Bank in managing state-owned companies and enhancing their efficiency, Prime Minister Mostafa Madbouly said in a meeting with officials from the bank on Monday.
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Business
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Economy
1/23/2024 2:28:38 PM
The Egyptian government has introduced simplified tax regulations for establishments with an annual turnover not exceeding EGP 10 million, Rasha Abdel-Aal, acting head of the Egyptian Tax Authority (ETA), said on Tuesday.
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Business
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Economy
1/23/2024 10:17:27 AM
The Egyptian government has pledged to pay EGP 1.4 billion (more than $45 million) annually, covering the real estate tax for the industrial, poultry, and animal production sectors until the end of 2026, Minister of Finance Mohamed Maait said on Monday.
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Al-Ahram Weekly
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Economy
1/16/2024 9:32:07 PM
How will the exclusion of Egyptian government bonds from the JP Morgan emerging market bond indices affect the country, asks Sherine Abdel-Razek
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Business
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Economy
1/16/2024 12:40:38 PM
The Egyptian government is prioritizing the stimulation of investment, production, and exports in order to boost economic growth in the future, said Rasha Abdel-Aal, acting head of the Egyptian Tax Authority (ETA).
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Business
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Economy
1/15/2024 6:31:53 PM
The Egyptian government is planning to build a new passenger building in the Cairo International Airport to accommodate 30 million passengers per year, more than double the current number, according to a Cabinet statement on Monday.
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Business
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Economy
1/14/2024 1:54:04 PM
The Egyptian government is expected to increase the minimum wage for government employees and pensions – currently stand at EGP 4,000 and EGP 1,300, respectively – within two months, Samir Sabry, Rapporteur of the Investment Committee at the National Dialogue, said on Saturday.
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Business
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Economy
1/13/2024 7:28:38 PM
The Egyptian government is preparing to introduce a social protection package that encompasses various improvements, including wage and pension adjustments and an increase in the tax exemption threshold, said Minister of Finance Mohamed Maait, according to a Cabinet statement on Saturday.
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Business
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Economy
1/10/2024 3:41:25 PM
The Egyptian government plans to develop an AI-based system to predict crises in the local marjet, especially hikes in the prices of commodities and staples, Osama El-Gohary, assistant Prime Minister and head of the Cabinet’s Information and Decision Support Centre (IDSC), said on Wednesday.
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Business
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Economy
1/9/2024 9:24:28 PM
A high-level delegation from the Egyptian government has arrived in Washington DC to push forward Egypt's almost standstill loan programme with the International Monetary Fund (IMF), in addition to exploring a new additional loan for the country amid its ongoing serious economic situation.
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Business
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Economy
1/9/2024 5:00:32 PM
The Egyptian government launched in January a comprehensive eight-direction economic strategy for the period 2024-2030, the document of which tackles several aspects of economy and quality of life.
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Business
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Economy
1/8/2024 2:13:11 PM
Egypt plans to increase its annual foreign currency revenue from exports, tourism, remittances, foreign direct investments (FDIs), the Suez Canal, and outsourcing services to $300 billion in 2030 from around $100 billion, according to a government document released this month.
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Business
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Economy
1/2/2024 6:26:40 PM
The Egyptian government announced limiting the power outage plan to morning hours as of Wednesday to cater to the needs of students as the season of mid-year tests is starting,
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Business
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Economy
12/31/2023 2:07:47 PM
The Egyptian government is set to continue improving wage levels in 2024 to alleviate the financial burdens faced by citizens since the wake of the COVID-19 pandemic and amid subsequent geopolitical tensions, Minister of Finance Mohamed Maait said on Sunday.
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Business
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Economy
12/27/2023 4:13:18 PM
The Egyptian government has signed a memorandum of understanding (MOU) with the China Electric Power Equipment and Technology Company to develop a 10-gigawatt solar energy project, according to a Cabinet statement on Wednesday.
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Business
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Economy
12/20/2023 7:25:52 PM
The Egyptian government is in talks with the International Monetary Fund (IMF) for a new timeline for the loan deal, Prime Minster Mostafa Madbouly said in a press conference on Wednesday.
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Business
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Economy
12/18/2023 6:04:55 PM
The Egyptian government will build a comprehensive urban project on 2,000 acres in southern Cairo previously belonging to the state-run Iron and Steel Company, Minister of Public Sector, Mahmoud Esmat, said on Monday.
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Business
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Markets & Companies
12/18/2023 12:22:44 PM
After it successfully launched 8 new products in 2023, Pfizer Egypt plans to bring to the Egyptian market 12 products by 2027 and will continue to collaborate with the Egyptian government in projects and initiatives that support Egypt Vision 2030. Read the full interview with Dr. Ahmed El-Shazly, Cluster Lead for Pfizer Egypt, Sudan, Levant and Iraq.
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Business
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Economy
12/17/2023 2:53:57 PM
The Egyptian government's decision to rationalize spending will not affect crucial sectors such as health, supply goods, petroleum and gas supplies, as well as the solidarity and dignity initiative, said Minister of Finance Mohamed Maait, according to a statement on Saturday.
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Business
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Economy
12/14/2023 3:14:17 PM
The International Finance Corporation (IFC), one of the financial arms of the World Bank Group, was appointed in June as a strategic advisor for the Egyptian government’s Initial Public Offering (IPO) to provide advisory services for Egypt's privatisation programme.
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