economics
The Kuwaiti businessmen stressed their interest to explore ways to bolster cooperation between the two countries, given the numerous fields and promising investment opportunities offered in Egypt.
To achieve sustainable and low-emission economic growth, the first main goal of Egypt’s National Strategy for Climate Change 2050, the government put a four-pillar plan to enhance its economic growth with green projects.
The database is part of the internal platform for mechanization and digital transformation at the ministry.
As yet, the volume of Chinese investments in Egypt reached $7 billion, while the number of Chinese companies operating Egypt registered 1,600 businesses.
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.
The free zone will be established on an area of 561,000 square meters, the statement added, noting that the area will include two big factories for sulfuric and phosphoric acid production.
"Egypt has reduced taxation for industries and postponed taxation on agricultural land, and has expanded its social safety net program," he said.
The cabinet is expected to review ministerial reports on the work progress at national projects being implemented in several governorates.
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The AOI is aimed at fulfilling the local market needs of energy-saving lighting equipment and exporting surplus to Arab and African markets, el Tarass said.
Britain's blue-chip shares jumped on Wednesday after a sharp fall in sterling overnight when British lawmakers voted down a proposal in parliament.
In light of volatile economies the world faces nowadays, Bloomberg reviewed Egypt's economy in a report, referring to it as the traders’ refuge from volatility.
The T-bills will be offered in two installments; the first installment is valued at LE 8.2 billion with a 91-day term.
The petrochemical complex will be built at a cost of $10.9 billion in investments in the economic zone at the Suez Canal, the statement said.
An EU official said the deadline had been shifted to September after industry appealed for more time. That timeline makes the fallback option of legislation highly unlikely.
On the day celebrating Industrial Workers of the World, Egypt Today celebrates Suez Canal Economic Zone (SCZone).
Economic reform steps taken to decrease subsidies and spending are set to put Egypt on a brighter economic path.
Egypt Today breaks down the initial aims of the budget, the final report and what the microeconomic indicators mean for Egypt’s economy.
The budget deficit has reached 218 billion pounds during the first half of 2017-2018, the Finance Ministry said in a report.
Egypt is steadily working on bettering the business environment through eliminating bureaucracy with firm laws
