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08 Jul 2014

MoI Ramadan Council Calls for Documenting Laws on Workers’ Rights

H.E Mohamed bin Huwaiden Al Ketbi, member of the Advisory Council of Sharjah, hosted a Ramadan Council at his residence in Al Dhaid. Participants at the council, organized by the Law Respect Culture Bureau at the General Secretariat of the Office of H.H Deputy Prime Minister & Minister"...

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07 Jul 2014

Egypt Raises Taxes On Alcohol and Tobacco

Egyptian President Abdel Fattah al-Sisi issued a decree on Sunday to raise taxes on imported and locally produced alcohol and tobacco.


The increase, which ranges from 40 to 120 percent, will go into effect starting Monday.


The"......

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07 Jul 2014

Egypt: Cairo Governor Says Public Transport Fares Not to Increase

Cairo Governor Mostafa Saeed said on Sunday that the fares of public buses will not increase due to the fuel subsidy cuts that went into effect midnight of Friday.


The Egyptian government increased fuel prices on Saturday by up to 75 percent in an effort to decrease the budget deficit and reduce an economic burden"......

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07 Jul 2014

Egypt cuts fuel subsidies, adds taxes

Egypt's President Abdel Fattah al-Sisi on Sunday defended a government decision to raise fuel prices as the authorities also slapped higher taxes on cigarettes and alcohol, state media reported.


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07 Jul 2014

PepsiCo targeting expansion in Upper Egypt, Delta: GM, PepsiCo Egypt and North East Africa

The global food and beverage company PepsiCo is looking to expand its operations in Upper Egypt and the Delta to increase sales, according to General Manager of the Pepsico North East Africa and Egypt Business Unit Ahmed El Sheikh. He added that the Egyptian market is promising, despite what it has dealt with during the last three years.

According"...

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07 Jul 2014

Egypt to allow foreign companies to provide mortgage finance

President Abdel Fattah Al-Sisi issued a legislative amendment to the Mortgage Law on Saturday, which would allow – for the first time ever – companies with foreign capital to finance mortgage in Egypt, in a move to provide low-income housing.


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07 Jul 2014

Sawiris-Beltone deal only succeeds in purchasing 9% of EFG Hermes, falling short of 20% target

The total number of shares respondent to the purchase offer under the Sawiris-Beltone alliance amounted to only 54.4m of the total 114m shares that comprise 20% of EFG-Hermes. The shares offered for purchase represented less than 9% of the total shares of Hermes, according to a source from"...

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07 Jul 2014

No price rise in telecommunications: Telecom companies

Both Mobinil and Vodafone denied Sunday a 10% rise in calling fees, a concern that was raised after the prices of energy increased.


“The company has not made any decision regarding increasing the prices of calls and it is now considering the effect of the increase in energy prices,” an anonymous source"......

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07 Jul 2014

USAID: US investments in Egypt estimated at US$17 billion

The United States Agency for International Development (USAID) has said that US investments in Egypt reached US$17 billion.


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07 Jul 2014

Aus help for Egypt grain headache

THE world's largest importer of wheat, Egypt, has long had a problem with its grain storage network.


Grain has generally been stored in old-style jute bags in open sheds and there are significant losses to spoilage and pest damage.


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