EGP 326.8bn for health and education, EGP 301bn for wages, EGP 149bn for food and commodities subsidies
Latest by Mohamed Samir
“If applied, will end all previous Arab Peace Initiatives, will also end ‘right of return,’ other related causes,” says Cairo University professor
Deal of the Century to distribute the $50bn between Palestinian Territories with$27.81bn , Egypt $9.16bn , Jordan $7.36bn, and Lebanon $6.32bn
To be launched in 2020, backed by low-volatility assets including bank deposits, short-term government securities
FinTech forefront of financial inclusion in Egypt, we aim to process 2m transaction daily end 2019, says Nagy
Bernhard Schulte Shipmanagement (BSM) said on Friday that its chemical tanker Kokuka Courageous, which was attacked in the Gulf of Oman on Thursday, is being towed toward Khor Fakkan, in the UAE, with its crew back onboard. In a statement, the BSM said that the Kokuka Courageous “was now undertow and headed toward Khor …
“The opportunities in the field of natural gas in Egypt are the most attractive in the world, and they reflect the increasing investor confidence in the Egyptian economy,” Boyan added.
Pundits expect CBE to cut interest rates by year-end
Bank foresees inflation averaging 11.1% in FY 2019/20, further interest rate cuts by CBE
Egypt has been battling several armed groups, concentrated mainly in the Sinai Peninsula
Misr Hytech is a leading breeder and producer of proprietary agricultural seeds in Egypt, and one of the Middle East and Africa’s largest independent seed companies.
GIC winner to receive $60,000 scholarship to enroll in distinctive international program of Singularity University, says Ghaleb
Haftar’s Tripoli offensive could spiral out of control, yet fiscal deficit expected to narrow
The Memorandum of Understanding (MoU) focuses on cooperation in providing safe, convenient, and reliable transport solutions for passengers travelling between major Egyptian cities.
EGP 17bn proceeds of Electricity sector from price increases
Egypt offers promising investments opportunities in energy sector, says Noble Energy chairperson
The Future of Autonomous and Urban Mobility project seeks to advance leading-edge thinking and drive adoption of innovative solutions based on autonomous vehicles and their impact on urban mobility.
IQOS to be launched in Egypt following regulatory approvals, PMM targets all segments of Egyptian smokers, says Abdelnoor
‘China will never yield to US pressure, will not compromise on matters of principle,’ says People’s Daily
The countries of the eastern Mediterranean are on course for some choppy waters. Following Turkey’s announcement on May 6, that its ships would continue to explore for oil and gas in an area of the sea that Cyprus considers to be part of its Exclusive Economic Zone (EEZ). The move was denounced by the Cypriot …
Likelihood of renewed social instability, reform reversal is low given improved economic prospects
Planned increase in stock exchange duty cancelled, stamp duty stays at EGP 1.5
Oil prices slumped, on Monday, with Brent crude futures recording $69.78 per barrel, down $1.07, following the United States President Donald Trump’s announcement that he would sharply raise tariffs on Chinese goods this week, risking the derailment of trade talks between the two largest economies. On Sunday, Trump wrote on Twitter account that, “For 10 …
Egypt warned against intentions of Turkey to begin drilling activities in a maritime area west of Cyprus, according to a Saturday statement issued by Egypt’s Ministry of Foreign Affairs. The statement added that Egypt is following the development, warning against the effects of any unilateral actions on security and stability in the Eastern Mediterranean region. …
Malpass welcomes Al-Sisi’s implementation of reforms, recognises need for further progress on subsidies, governance, debt transparency, state-owned enterprises
NBE ranked 13th with $85.18bn assets, Banque Misr 25th with $49.44bn
Huawei Technologies Company is to launch first 5G network services trial in Egypt at the Cairo International Stadium during the period of hosting the 2019 Africa Cup of Nations (AFCON), Minister of Communication and Information Technology, Amr Talaat, said on Sunday. This came on the sidelines of a meeting between Egyptian Prime Minister, Mostafa Madbouly, Huawei’s …
Above average turnout across the country, while Al-Sisi, ministers, Azhar Grand Imam cast their votes
Egypt’s fiscal policy aims to raise the GDP growth rate to 6% in the next fiscal year (FY) 2019/20, after the recent increase of 5.5%, Minister of Finance Mohamed Moeit said on Saturday. Moiet explained that the economic reforms implemented since 2016 allowed the country to overcome various economic difficulties, and set the national economy …
New partnership will offer long-term, competitive mortgages, increasing affordability to better serve Egypt’s growing population of homebuyers