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Ministry of Finance: State budget was not amended

Ministry of Finance: State budget was not amended

Sources at the Ministry of Finance said the Supreme Council of the Armed Forces did not amend any provisions of…
Urban inflation eases to 11.8%

Urban inflation eases to 11.8%

Urban consumer inflation in Egypt unexpectedly eased to 11.87 percent in the 12 months to May as food prices fell…
Egypt drops tax plan, no other budget change

Egypt drops tax plan, no other budget change

Egypt has dropped plans to levy a tax on share dividends, will not revive it this year and is looking…
US investors urge Egypt to maintain free market policies

US investors urge Egypt to maintain free market policies

Investors and the representatives of a number of US companies have said that more American investments in Egypt are contingent…
Egypt’s new budget falls short of hopes

Egypt’s new budget falls short of hopes

When Finance Minister Samir Radwan announced earlier this week the interim government’s budget proposals for the coming fiscal year, he…
World Bank projects Egypt’s growth rate to drop to 1%

World Bank projects Egypt’s growth rate to drop to 1%

The World Bank released a report on Wednesday that said it expected Egypt’s growth rate to drop to 1 percent…
Natural gas exports to resume on trial basis

Natural gas exports to resume on trial basis

The Egyptian Natural Gas Company Gasco (GASCO) on Wednesday resumed operation of the Arish gas pipeline, which is to transmit…
Egypt’s Suez Canal May revenues up at US$436.6 mln

Egypt’s Suez Canal May revenues up at US$436.6 mln

Revenue from Egypt's Suez Canal rose 10.5 percent year-on-year to US$436.6 million in May, and rose 0.5 percent from a…
Egypt woos US investors with national development plans

Egypt woos US investors with national development plans

The Egyptian government is set to announce several large-scale projects over the next few weeks that will be implemented as…
Kuwait Energy strikes 2 oil discoveries in Egypt

Kuwait Energy strikes 2 oil discoveries in Egypt

Kuwait--Kuwait Energy Company said it struck two new oil discoveries in Egypt's Western Desert, bringing the total to 11. The…
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