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24 May 2015

IMF Criticizes Egypt’s Move to Delay Capital Gains Tax

The International Monetary Fund criticized Egypt’s decision to delay imposing a capital gains tax on stocks.


“We are disappointed that the capital gains tax has been postponed,” Chris Jarvis, the lender’s Egypt Mission Chief, said in an e-mailed response to questions. “Postponing"......

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24 May 2015

Arab Construction and Projects Forum kicks off in Cairo

The Arab Construction and Projects Forum will be inaugurated in Cairo Sunday to review major projects that were proposed during the Egypt Economic Development Conference (EEDC) in March.


Prime"...

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24 May 2015

Egypt pushes to finalize forming joint Arab military force

Egypt called on chiefs of staff of Arab armies to “finalize measures” to form a joint Arab military force by June 29 instead of July 29 as scheduled, said Egypt’s Chief of Staff Mahmoud Hegazy Saturday.


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24 May 2015

EU to fund 8 Projects in Mediterranean States, including Egypt's Alexandria

The European Union and international financial aids organizations will fund eight regional projects to develop Mediterranean Sea states, including Egyptian city of Alexandria, the chairman of Federation of Egyptian Chambers (FEDCOC) said Saturday.


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24 May 2015

Egypt reshapes Egyptian-Indonesian Business Council

Egypt's Industry and Trade Minister Mounir Fakhry Abdel Nour has decided to reshuffle the Egyptian side of the Egypt-Indonesia Business Council.


The new council will be presided by Sherif El-Gabaly, Chairman of Polyserve Fertilisers, for three years.


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24 May 2015

Value Of Egypt’s Exports To Britian At £199 M In Q1 2015

The value of Egypt’s exports to Britain stands at £199m in the first quarter (Q1) of 2015, remaining unchanged compared to the same period in 2014.


Meanwhile, imports from Britain declined by 7.5% in Q1 2015 to register £223m, compared to £241m recorded in the same period in 2014, state-run"......

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24 May 2015

Suez Cement seeks to increase production capacity by 15%

Suez Cement will seek to increase its energy intake and its production capacity by 15%, Bruno Carrè, the company’s Managing Director in Egypt, said during the Milan Expo 2015.


Carrè"...

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24 May 2015

ABK acquires Piraeus-Egypt for $150m

Al Ahli Bank of Kuwait (ABK) has concluded a definitive agreement with Piraeus Bank – Greece to acquire 98.5% of Piraeus Bank – Egypt’s shares.


The acquisition will occur through a transaction amounting to approximately $150m, according to a statement from the bank.


"......

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24 May 2015

New public holding company to develop Egypt’s monuments: PM

The government has placed a strategic plan to establish a holding company to develop Egypt’s monuments, Prime Minister Ibrahim Mehleb said.


According to a cabinet statement, Hossam El-Kawish said Friday that the new holding company will work on increasing the archeological"......

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24 May 2015

Security Support Participates in the Daily Operations of LAPD

The Security Support Department at the Abu Dhabi Police participated in the daily operations of the Los Angeles Police Department (LAPD) throughout the streets of Los Angeles.


Captain"...

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