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12 Apr 2017

Food trade exchange with Egypt amounted to €255m: GACIC CEO

Ashraf El Sharqawy, Minister of Public Sector Affairs, said that the public sector companies achieved profits of EGP 2.7bn in the first half of the current fiscal year (FY) for the first time since 2010.

He added,"...

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12 Apr 2017

Government intends to offer international bonds worth $4bn next fiscal year: Moiet

Deputy Minister of Finance for Treasury Affairs Mohamed Moiet said that the government intends to offer international bonds worth $3-4bn in the coming fiscal year.

In January, the government offered a package of international"...

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12 Apr 2017

Profits of public sector companies registered EGP 2.7bn in H1 of current FY

Ashraf El Sharqawy, Minister of Public Sector Affairs, said that the public sector companies achieved profits of EGP 2.7bn in the first half of the current fiscal year (FY) for the first time since 2010.

He added,"...

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12 Apr 2017

EU funding in Egypt amounts to €11 billion: official

The total amount of the EU funding to Egypt has reached so far euro11 billion ($11.7 billion), said Christian Danielsson, Director-General for Neighbourhood and Enlargement Negotiations (NEAR) at the European Commission, in Cairo.

Danielsson"...

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12 Apr 2017

Egypt's trade deficit down 37% year-on-year in Jan: CAPMAS

Egypt's trade deficit dropped 37.1 percent in January compared to the same month in 2016, reaching $2.34 billion, the state statistics body CAPMAS announced on Tuesday. In an e-mailed statement, CAPMAS showed that exports increased by 27.1 percent year-on-year in January, to reach $1.82 billion, led by crude oil, fertilizers and orange exports. Imports for the same month slowed by 19.3 percent compared to January 2016, to reach $4.16 billion due to the drop in the imports of wheat, passenger cars, and steel and iron raw materials.......

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12 Apr 2017

Meeting between Sudan and Egypt postponed

The Sudanese foreign ministry announced yesterday that joint talks between Sudan and Egypt have been postponed until further notice.

The two sides had been expected to meet at foreign ministerial level in Khartoum"...

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12 Apr 2017

'Our redemption is greater than the exodus from Egypt'

In an interview with Arutz Sheva, Tzfat Rabbi Shmuel Eliyahu spoke about the deeper meaning of the Pesach (Passover) holiday and matzah.

"For me, Pesach is what the prophet Jeremiah said - that the redemption we have"...

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12 Apr 2017

Egypt's parliament approves three-month state of emergency

Egypt's parliament on Tuesday unanimously approved a three-month state of emergency, broadening the power of authorities to crack down on what it called enemies of the state days after two church bombings killed at least 45.

Two suicide bombings claimed by Islamic State at"...

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12 Apr 2017

Dubai infrastructure investment firm in talks for Cairo project

United World Infrastructure (UWI), a Dubai and Washington D.C.-based infrastructure investment and development company, is in talks to develop a new economic cluster in Egypt with an approximate total investment of more than $500 million, a company executive said.

"...

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12 Apr 2017

123 companies used to evade taxes through faking bills: Taxes Authority

The Public Taxes Authority discovered that more than 123 companies are evading taxes through faking their bills, said PTA's chairperson Emad Samy.

" Minister of Finance approved the appropriation of EGP600mn to develop the PTA's premises," added Samy in a symposium organized"...

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