Economy

Amendments to income tax aim to relieve burden on citizens, assures Egypt’s Finance Minister

Amendments to income tax aim to relieve burden on citizens, assures Egypt’s Finance Minister

Egyptian Finance Minister Mohamed Maait said that amendments to the income tax law, approved by the Cabinet and referred to…
FEI’s Tobacco Division warns of disruptions in tobacco production

FEI’s Tobacco Division warns of disruptions in tobacco production

The Tobacco Division of the Federation of Egyptian Industries warned against the cessation of cigarette and tobacco factories from production…
Egypt government supports private sector and expands in free zones: PM

Egypt government supports private sector and expands in free zones: PM

Egyptian Prime Minister Mostafa Madbouly assured that the government is working hard to attract more investments and support the private…
Egypt presents its economic reform experience at the World Bank and IMF Spring Meetings

Egypt presents its economic reform experience at the World Bank and IMF Spring Meetings

Egyptian Finance Minister Mohamed Maait presented his country’s experience in economic reform before the Spring Meetings of the World Bank…
US dollar exchange rates in Egypt banks on Sunday

US dollar exchange rates in Egypt banks on Sunday

The US dollar exchange rate maintained stable prices on Sunday, with rates increasing by eight piasters on Thursday. The US…
Egypt government discusss with Italy’s Technip development of Delta Fertilizers

Egypt government discusss with Italy’s Technip development of Delta Fertilizers

Egypt’s Minister of Public Business Sector Hisham Tawfik met on Friday with officials from the Italian company Technip, which is…
Fitch affirms Egypt’s credit rating at B+

Fitch affirms Egypt’s credit rating at B+

Fitch Ratings affirmed Egypt’s credit at “B+” with a stable outlook for the fourth time. Egypt’s ratings are supported by…
Foreign exchange rates in the National Bank of Egypt on Tuesday

Foreign exchange rates in the National Bank of Egypt on Tuesday

The exchange rates of most foreign currencies in the National Bank of Egypt fell on Tuesday, while the price of…
Egypt starts talks on new IMF loan during spring meetings

Egypt starts talks on new IMF loan during spring meetings

The annual spring meetings of the International Monetary Fund and the World Bank will kick off in Washington, DC with…
Government considers obligating Egyptian shipping agencies to use local currency

Government considers obligating Egyptian shipping agencies to use local currency

The Egyptian government is considering obligating local shipping agencies operating in Egyptian ports to accept the payment of local container…
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