Economy
Parliament approves VAT bill at 13 percent tax rate
August 29, 2016
Parliament approves VAT bill at 13 percent tax rate
Egypt's House of Representatives gave its initial approval for a bill to introduce Value-Added Tax (VAT) during preliminary discussions in…
Saudi Telecom, Lebara KSA in Egypt this week to discuss 4G licence, official says
August 29, 2016
Saudi Telecom, Lebara KSA in Egypt this week to discuss 4G licence, official says
Representatives from Saudi Telecom and Lebara KSA are in Egypt this week to discuss the possibility of obtaining a fourth-generation…
Wheat drops for 6th session on ample supplies; Egypt demand eyed
August 29, 2016
Wheat drops for 6th session on ample supplies; Egypt demand eyed
U.S. wheat fell for a sixth consecutive session and hovered near a three-week low on Monday, as ample global stocks…
Egypt’s agriculture minister reinstates zero ergot policy in wheat
August 28, 2016
Egypt’s agriculture minister reinstates zero ergot policy in wheat
Egypt will no longer permit wheat shipments with even trace levels of ergot, and will apply the decision retroactively, the…
Iraq plans to sell oil through Iran if talks with Kurds fail
August 28, 2016
Iraq plans to sell oil through Iran if talks with Kurds fail
Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement…
Apple fixes security flaw after UAE dissident’s iPhone targeted
August 27, 2016
Apple fixes security flaw after UAE dissident’s iPhone targeted
Apple Inc issued a patch on Thursday to fix a dangerous security flaw in iPhones and iPads after researchers discovered…
Oil prices fall as Saudi Arabia dampens prospects of output freeze
August 26, 2016
Oil prices fall as Saudi Arabia dampens prospects of output freeze
Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks…
Egypt’s wheat corruption scandal: timeline of a crisis
August 26, 2016
Egypt’s wheat corruption scandal: timeline of a crisis
The minister responsible for food subsidies in Egypt, the world's biggest wheat importer, resigned on Thursday amid a high profile…
Welspun scandal follows years of plummeting Egyptian cotton output
August 26, 2016
Welspun scandal follows years of plummeting Egyptian cotton output
A scandal involving the alleged sale of falsely labeled Egyptian cotton products by an Indian textile manufacturer to U.S.
Egypt plans to end fuel subsidies within three years
August 23, 2016
Egypt plans to end fuel subsidies within three years
Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65 percent of…