Business

Egypt's Finance min.: Putting into effect tax income amendments to alleviate burdens on people

Sat, 01 Aug 2020 - 09:43 GMT

He said this will contribute to promoting justice with regard to taxes as tax slices would alleviated burdens on people.

Petroleum ministry: EGPC's crude oil production hits record, exceeding 62,000 bpd

Thu, 30 Jul 2020 - 10:32 GMT

The ministry said that this high record in production reflected the success in implementing the integrated work program in the various oilfields of the company in the Eastern and Western Desert areas, the Gulf of Suez and Sinai.

Political leadership keen on automating Egyptian Tax Authority, applying e-bill system

Thu, 23 Jul 2020 - 12:12 GMT

Maait thanked the companies who joined the experiment operation phase of the e-bill system.

Egypt's General Authority for Investment and Free Zones okays establishment of 30 new projects

Sat, 18 Jul 2020 - 01:54 GMT

This came during a meeting with the board of directors of the CBC Egypt for Industrial Development Co., which affiliates to the GAFI.

15.4% increase in newly-established firms during June: GAFI

Mon, 13 Jul 2020 - 12:47 GMT

The surge in the number of firms led to a 71.7 increase in the capital of exports of these companies in June to record LE 7.9 billion, against LE 4.6 billion in June 2019.

CBE: Aman certificates beneficiaries hit 859,000

Sat, 04 Jul 2020 - 12:13 GMT

They bought certificates worth EGP 858 million, it also said.

Saving certificates of NBE, BM garner some EGP 200bn in 3 months

Sat, 20 Jun 2020 - 04:13 GMT

Mohamed el Atrebi, the Board Chairman of Banque Misr, told MENA that the bank sold certificates worth 55 billion pounds throughout the past three months.

Trade minister extends suspension of beans, lentils exports for 3 months

Tue, 16 Jun 2020 - 11:46 GMT

The move falls within the framework of the precautionary measures taken by the State to address the impact of the spread of COVID-19, the ministry added.

Saving certificates of NBE, BM garner LE 170bn

Sat, 06 Jun 2020 - 02:46 GMT

Mohamed el Atrebi, the Board Chairman of Banque Misr, told MENA that the bank sold certificates worth 49 billion pounds by the end of the previous week.

CAIRO, USAID ink agreement to improve psychosocial support services

Sat, 30 May 2020 - 12:21 GMT

Minister of International Cooperation Rania el Mashat said on her Twitter account that the initiative aims to improve psychosocial support services.

Egypt's Trade min.: MSMEDA funds 48,743 projects by LE1.19 bn in 4 months

Tue, 26 May 2020 - 09:23 GMT

The minister considered as "good" the amount of funding, taking into account the negative economic impacts that emerged with the outbreak of the coronavirus.

High-yield saving certificates of NBE, Banque Misr garner EGP 137 billions in gains

Sat, 16 May 2020 - 01:59 GMT

Mohamed el Atrebi, Board Chairman of Banque Misr, told MENA that the bank sold certificates worth 43 billion pounds since the new certificates were issued.

Finance Minister reviews amendments of income tax law

Thu, 14 May 2020 - 09:09 GMT

Minister Mohamed Ma’it said that after the issuance of a law amending some provisions of the income tax, the new tax system for salaries and wages will be implemented from the beginning of July 2020.

Planning, emigration ministers hold open discussions with businessmen abroad

Fri, 08 May 2020 - 11:25 GMT

The meeting aimed at following up on the outcome of "Egypt can.. through investment and development" conference which was held in October, the Planning Ministry said in a statement on Friday.

Egypt raises daily limit for cash withdrawal to LE20K

Wed, 22 Apr 2020 - 03:20 GMT

According to El-Etreby, the withdrawal limits for individuals will be modified to be LE 20,000 per day via ATM machines, up from LE 5,000.

2 more batches of Chinese medical aid to arrive in Egypt, production of joint masks factory to be expanded: amb.

Sun, 19 Apr 2020 - 03:41 GMT

Chinese ambassador to Egypt held a video press conference on Sunday to reveal details of cooperation between both countries in the face of COVID-19 pandemic.

Garment factories in Egypt to be hit by international brands manufacturing suspension amid COVID-19: businessman

Sun, 19 Apr 2020 - 11:39 GMT

The businessman speculated that Egypt's exports of garments would decline in 2020 compared to the previous year as they recorded $1.7 billion.

Trade minister, AOI head discuss boosting local manufacturing

Sat, 11 Apr 2020 - 01:54 GMT

Minister of Trade and Industry Nevin Gamea and Head of the Arab Organization for Industrialization (AOI) ِAbdel Me'nem el Terras discussed Saturday boosting the local manufacturing and increasing the added value for the Egyptian products.

Egyptian Armed Forces reviews its role amid COVID-19 crisis, Sisi presents exceptional measures

Tue, 07 Apr 2020 - 03:18 GMT

President Sisi checked upon the Egyptian Armed Forces elements and equipment assisting the civilian sector in combating COVID-19.

Debt installments of small businesses in Egypt to be postponed for 3 months

Mon, 30 Mar 2020 - 02:38 GMT

The duration can be prolonged, if needed.

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