Non-financial companies that will benefit EGP devaluation will include OTMT, Oriental Weavers, Global Telecom Holding, Lecico
Latest by Sara Aggour
Introduction of VAT has been delayed, according to agency
On Sunday, IEC said it has no further announcements than the ones made on 6 December, in which it said it will act to collect the awarded amount
Price of new metro line tickets will be higher than old lines
The share of the 1.5m acres project will amount to EGP 3.5bn while the New Administrative Capital will acquire the remaining EGP 5bn.
Four kiosks built, 20 more expected by the end of the month
FY 2016/2017 draft budget will be the first discussed by parliament in five years
Former minister Ahmed Darwish to head Suez Canal economic zone
Revenues amounted to $3m and backlog deals’ value is $6.7bn, says OC
Domestic and foreign instability drives the market down
HSBC allocated EGP 260m from latest SMEs fund
Operators disappointed by disappearance of ‘guests’ and assure tourists that Sharm El-Sheikh is safe
The officer said shops open around 12 pm, and around 1 pm the shops were open but there was no one to serve.
A 25% discount rate is expected to last until February
“Before the plane incident, we at least had money to buy our needs, now we don’t,” they say
Before the Russian plane incident each driver made at least EGP 700 per day, now we barely make EGP 150, driver says
Egyptians head to the city to improve tourism
UK and Russia’s suspension of flights takes toll on stock market
Citibank remains committed to the country and has a continuous dialogue with the Ministry of Finance, says Cowles
Notable steps taken by end of November to address price increases
Company recorded EGP 16.3m and EGP 5m net profit
President Abdel Fattah Al-Sisi will provide details for Suez Canal Development Project by next week, Zaki noted.
Financing the projects will not pressure the general budget
The dollar value had been stable for around 100 days
“We [Egypt] have limited resources and the region we are in are facing some challenges,” Wali said. Egypt is also facing terrorism inside and outside, she highlighted, stressing that bureaucracy still exists and it is “no less dangerous than terrorism”.
Current taxes collected from flight tickets amount to EGP 270m
Unofficial campaigning expected during the second round
Company turns to profit after registering an EGP 207.9m during the same quarter last year
Company is following government’s master plan, which is investing in renewable energy, says Frédéric Abbal
Company participated with more than 50% in the country’s emergency plan to increase its generation capacity