Incentives
President Sisi instructed raising the salaries of public employees with the monthly minimum of the raise being LE1,000. Further, the minimum wage for public employees will be LE3,500, while that of master’s and PhD holders at public institutions will be LE6,000 and LE7,000, respectively.
The Minister of Communications offered an overview of work progress in a number of projects which are currently being implemented in the communications and information technology sector.
The investment investments include facilitating the procedures for investors to obtain the lands needed to implement their projects, and setting time plans for the implementation of projects.
Egypt, Jordan and UAE have signed the Integrated Partnership Initiative for economic development through the good use of the capabilities of the three countries.
Due to the military escalation in Ukraine by Russian troops wheat supply to Egypt has been affected and caused an increase of the price of the unsubsidized bread by 25 piasters per a loaf.
El-Sisi ordered organizing a comprehensive exhibition to support the national program in this regard and inviting big international companies manufacturing cars.
Under the new measures, the GAFI projects will be allowed to sell up to 50 percent of their products at the local markets for six months.
This will occur through giving 30 times the balance charged worth of minutes and free units when using this feature.
A Brazilian trade delegation will arrive in Cairo next week to discuss ways of boosting commercial relations between Egypt and Brazil.
New investments in March 2018 jumped 337 percent year-on-year to stand at LE 8.3 billion, the Investment Ministry said in a monthly bulletin on Sunday.
Chinese car maker SAIC Motor is studying setting up a factory for car manufacturing in Egypt, Trade Minister Tarek Kabil said Sunday.
India is planning to cut taxes on travel and tourism in next month’s federal budget and give more incentives to the $210 billion sector, government sources said.
The main problem facing small- and medium-sized enterprises (SMEs) in Egypt is the absence of a map that defines the market’s demands.
Investors will now be able to receive tax exemptions at three different rates: 30 percent, 40 percent and 70 percent, of their investment cost,
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