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Government approves legalisation of 111 churches
Egypt issued on Sunday a decree to legalise the conditions of 111 churches and buildings on the condition that they meet the legal and civil protection requirements. The conditions also require that churches settle with the state in case there was an illegal building on state land. This comes after the cabinet approved in October …
Government suggests raising monopoly fine to EGP 500m in Protection of Competition Law amendment
President entitled to appoint authority’s board of directors but cannot dismiss them
Egypt shares fall in a thin trade amid uncertainty about government IPO programme
EGX30 loses 0.8% to close at 13,524.67 points as foreign investors dump local stocks
Government intends to borrow EGP 498.75bn in Q2 FY 2018/2019
Finance Ministry floats T-bonds, bills worth EGP 192bn in October, EGP 153.5bn in November, EGP 153.25bn in December
Do legal concerns hamper Egypt’s government IPO programme?
Heads of government companies’ reservations were solved by reorganising programme in May, state official says
Egypt’s government considers reducing employee work days in state administrative apparatus
Researcher argues that plans to dismiss employee are not new, adding that there are other means to rationalise spending
Parliament approves government’s policy despite criticism
Abel Aal ends session to discuss policy earlier than scheduled, angering MPs
Parliament to review new government’s plans by next week: sources
New prime minister will confirm his government’s commitment to continue economic reform programme initiated by former government
Political parties meet to form coordinating committee with government
Meeting comes after President Abdel Fattah Al-Sisi urged political parties to unify
EGP 942bn investments in government’s development plan for FY 2018/19
The government’s economic and social development plan for fiscal year (FY) 2018/19 includes total investments of EGP 942bn. The new plan marks a 46% increase compared to FY 2017/18. The plan was revealed by Prime Minister Sherif Ismail during a cabinet meeting on Thursday. Ismail explained that it is the largest investment plan in Egyptian …
Government raises growth forecast by end-June to 5.4%
Total investments in H1 amounted to EGP 353bn
What do Egyptian want from their government?
Economic needs dominate demands from journalists, workers, others
Wafd Party dissatisfied with government’s economic performance: Yasser Koura
Dollar rate reaching EGP 20 was painful for national economy. Al Wafd party demanded social protection net for citizens before pound flotation as prices witnessed mad wave of increases ranging from 150-200% last year
Government holds meetings to increase electricity prices
Electricity subsidies will reach EGP 43.3bn in 2018/2019 budget
Food cart owners live in fear of demolish, as they aspire government recognition
Egypt has recently requested France for 500 food carts as part of support for the youth entrepreneurship field in the country
Government asks parliament to discuss Development Fee
We will start studying the bill tomorrow: Planning Committee head
Banks, EGX, government departments leave for 3 days starting Sunday for Eid al-Fitr
The Central Bank of Egypt (CBE) will suspend all of their bank operations operating in the local market for a period of three days starting from Sunday 25 June 2017 until Tuesday 27 June for the Eid al-Fitr holiday period. According to CBE’s, banks are set to return to work on Wednesday 28 June. Prime …
Ambitious plan to restructure public sector companies during 2016-2018: Minister of Planning
EGP 10 billion allocated to infrastructure and public utilities across Egypt during 2017/2018
Government approves EGP 45bn social security package
The government’s package is much lower than inflation rates and does not match the expected increases in fuel prices
Government targets 4.6% economic growth in coming fiscal year
Total investments worth EGP 646bn, and the private sector share is 55%
The government’s economy and the people’s economy
It is now clear, as time goes by, that we are talking to, criticising, and offering solutions to an unworthy government that unfortunately treats us the way an Egyptian employee deals with Egyptians. Of course, I do not have to explain to you how Egyptian employees function in Egypt. This shows how the government is …
Was the government ready for the flotation’s consequences?
Squeezed by economic and political turmoil following the 25 January Revolution that toppled former president Hosni Mubarak, Egyptians are now facing a new era of hardship and austerity. The government’s adopted economic reform programme, backed by the International Monetary Fund (IMF), included the flotation of the Egyptian pound, subsidy cuts, high interest rates, and the …
Government borrows EGP 1.121tn through bills, bonds during 2016
Ministry of Finance intends to borrow EGP 299.019bn from banks in Q1 FY2017
Parliament’s Economic Committee to calculate unattended summons, investigative requests against government to be re-presented
The IMF loan has not been delivered to the parliament, says committee member
Government to discuss raising tariff on biofuel next week
Committee suggests price ranging between EGP 1.02-1.08 per KW/h
Ideas on how Egypt could liberate its traffic congestion
Aimlessly cruising with a private vehicle in a country like Egypt should not be a personal decision, where citizens lose hours in commuting, which leads to increasing pollution and consuming significant amounts of partially subsidised fuel. The chronic problem of Egypt’s traffic congestion constitutes of drivers’ misbehaviour accompanied by no real penalties, using a large …
Parliament refers floods report to government, calls for accountability over negligence
Tasked committee issues report recommending compensation for affected families
Successful VAT implementation would be triumph for government, tax authority
New committee to be established for selecting leadership positions, says deputy finance minister
Investment banks prepare list of recommendations for timing, ratios of government propositions programme
Recommendations address proposals on the appropriateness of conditions for the companies that the government did not settle on yet, to be offered in the food industry and electricity sectors
Government plans to borrow EGP 324.5bn in Q2 of FY 2016/2017
Launch of treasury bills tenders for EGP 300.25bn, bonds worth EGP 24.25bn in last three months of year