Ahmed Farahat

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Prime Minister Ibrahim Mehleb

Mahlab calls on French companies to invest in Egypt

  Ibrahim Mahlab, the president’s assistant for national projects and former acting prime minister, called on French investors to invest in Egypt on Monday. Mahlab held a speech during a conference organised by the French-language newspaper Al-Ahram Hebdo, in which he said the government has taken a number of steps aimed at reforming Egypt’s business …

Ahmed Farahat

Customs on imported cars increase by 66% after flotation

Customs charges on imported cars increased by 66% on Friday following the flotation of the Egyptian pound. This decision was made on Thursday when customs recorded a 52% increase calculated according to the price of the US dollar against the Egyptian pound in the free market, which will be reviewed on a daily basis. The …

Ahmed Farahat

20 investment banks apply to advise government on offering US dollar-denominated bonds, result to be announced Monday

A senior government source said that 20 investment banks have submitted requests to the Ministry of Finance to act as financial advisors for the governmental offering of US dollar-denominated bonds on international markets. The source said a number of those banks applied earlier for the first offering, including Morgan Stanley, J.P. Morgan & Co., and …

Ahmed Farahat

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