102 Articles
Hala Al-Saeed, minister of planning and chairperson of the National Investment Bank (NIB), said that several days ago, the bank sent the Ministry of Finance a programme of proposals for the Egyptian Exchange (EGX) of 13 companies belonging to different economic sectors. Finance Minister Amr El-Garhy said in previous statements that the ministry aims to …
Minister of Planning, Follow-up, and Administrative Reform Hala Al-Saeed said that her ministry aims to boost private sector contribution in investments to 58% of the total investment, worth EGP 980bn, during the coming fiscal year. According to the minister, the value of private investments for fiscal year 2018/2019 will be about EGP 569bn, with public …
Total investments in H1 amounted to EGP 353bn
The Italian law firm BonelliErede recently began operating in Egypt. Its local partner for Egypt is Francesca Secondari, who joined the firm in 2003 and whose expertise is in mergers and acquisitions, banking, corporations, commercial agreements, and real estate transactions. She is in charge of leading BonelliErede’s Cairo office and coordinating its work with the …
We adjusted economic indicators with IMF, inflation will reach 21% by end-June, says Kouchouk
We are using deferral of capital gains tax to prepare community to accept it, which will be applied to all companies
8 oil, industry, petrochemical, banks public companies will be IPO-ed in 18 months
Ministry plans to restructure state-run newspapers, Egyptian Radio and Television Union over 3 years
Baker McKenzie is legal adviser to buyer
Cost of treating one individual within system EGP 1,400, says El-Garhy
Negotiations to buy a stake of Amiral Holdings Limited worth $30m: Cherif
Unemployment rate should be reconsidered, Sherif Ismail says
Real Estate transactions at EGP 7.8bn in 9 months without tax, according to the ETA
Sources: The deal is not stalled and will witness positive developments in the coming period
Magdy Makki, director-general of decision support at the Egyptian Customs Authority, said that the procedures of trade facilitation are being discussed with the World Trade Organization (WTO) delegation, as well as Egypt’s offer to facilitate the movement of bilateral trade. He added that during the meeting, facilitation was discussed in relation to the interest and …
We are preparing to end the deal within two weeks, buyer acquires a partial share, according to sources
Khaled Ismail, the director of external relations at Japan Tobacco International (JTI), said the company will continue supplying the market with all its products without any increases in prices. He pointed out that JTI will only increase the price of its products if the government increases the tax on cigarettes. The Eastern Tobacco company raised …
In May, there was an Increase in the interest on Egyptian bonds by 20 basis points in average terms
The IPO procedures allow lawyers to present their bids for the competing investment banks
Increasing VAT by 1% will have limited impact, 57 categories of goods and services to remain exempted
Tourism sector grows by 80% while consumption contribution declined to 3%
A trend to impose EGP 1.125 on luxurious and medium cigarettes
Bulk of production inputs are imported from abroad: Ismail
We have submitted a proposal to increase the tax on imported hookah tobacco by 175% next fiscal year, says Imbaby
Sahar Nasr, the Minister of Investment and International Cooperation, said that the amendments to the Companies Law are set to be discussed in the cabinet on Thursday, in order to send the draft to the parliament’s economic committee. The law would regulate the establishment and operation of companies in Egypt. Nasr said that the ministry …
Total cost of the package amounts to EGP 46bn, with no impact on budget deficit, says Moeit
Egypt to issue international treasury bonds by end of May or beginning of June, says Minister of Finance
We did not issue the $1bn worth of Sukuk due to legislation problems: Moiet
Allocations for health budget amount to EGP 103bn, scientific research at EGP 31bn
External liabilities on Egypt are expected to exceed $10bn during the next FY