GOVERNMENT

16 May 2019

Gov't denies rumors of electricity prices rise by 30-60%

CAIRO - 15 May 2019: The government has denied rumors of increasing the electricity prices by 30-60 percent in July, adding that such circulated percentage was false.

After the news determining the rise in electricity in percentage spread on social media, the media center at"...

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13 May 2019

Cabinet approves bill to cancel 3rd tranche of stamp tax law

Cairo: The Cabinet approved a bill to amend some provisions of the Stamp Tax Law No. 111/1980 in a step to back the Egyptian Exchange (EGX), according to an official press release on Thursday.

The amendment stipulates"...

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09 May 2019

Egyptian government has begun to protect local industry, expect to increase anti-dumping cases in 2018: WTO

A government source told Daily News Egypt that the Ministry of Trade and Industry is expected to issue a decision to impose a permanent fee on imports of steel pallets for three years, which he considered sufficient, to protect the local market and ensure price stability after the end of"...

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09 May 2019

Government completes renewable energy direct sale regulations in September-Egypt

The government will finalise regulations for the production and sale of electricity produced from new private and renewable power plants directly to consumers by September.

Government sources told Daily News Egypt"...

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07 May 2019

Egyptian, Japanese priorities currently converging

“The Egyptian and Japanese priorities are now converging. Egypt would like to benefit of its chair of the African Union to promote business relations with other regions, and Japan is interested in encouraging not only the official development assistance, but also trade and investment"...

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05 May 2019

Al-Sisi meets with World Bank president over Egypt’s economic reforms

Newly appointed World Bank Group (WBG) President David Malpass arrived in Cairo on Saturday for a two-day working trip focused on the Egyptian economy.

During his visit, the WBG president met with Egypt’s"...

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01 May 2019

Egyptian Prime Minister to Begin Official Visit to Beirut

Egyptian Prime Minister Mostafa Madbouly will begin a 3-day official visit to Lebanon on Wednesday evening, during which he will meet with President Michel Aoun, Parliament Speaker Nabih Berri and Prime Minister Saad Hariri, the Premier’s office said.

Madbouly"...

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30 Apr 2019

EBRD appoints Khalid Hamza as deputy head for Egypt’s office

The European Bank for Reconstruction and Development (EBRD) has appointed Khalid Hamza as the new deputy head of its office in Egypt.

Based in Egypt, Hamza will assume his role on 1 May, succeeding Catharina Bjorlin"...

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21 Apr 2019

Egyptians to vote until Monday in referendum on changes

Cairo: Egyptians voted on Saturday in a three-day referendum on constitutional changes that could allow President Abdel Fattah al-Sisi to stay in office until 2030 and boost the role of the powerful military.

Sisi's"...

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