Month: July 2014

Al-Sisi imposes additional 50% tax on cigarettes, 200% on beer

The tax on other alcoholic beverages, such as wine and spirits manufactured…

Planning ministry targets 14% investment growth, 3.2% economic growth for FY 2014/2015

Government seeks to increase investments to EGP 336.9bn, increase imports by 3.8%…

Sara Aggour

Egypt to allow foreign companies to provide mortgage finance

In an effort to expand low-income housing

Mohamed Ayyad

President amends Traffic Law with harsher punishments for violations

Decision comes amid increasing road accidents, says presidential spokesman

Daily News Egypt

Government needs more inclusive, transparent strategy towards subsidy cuts: Al Nour Party

Misr Al Qawia criticises decision, Al-Nour Party calls for transparency and improved…

Aya Nader

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

54.4m shares purchased represent less than 9% of total Hermes shares

Mohamed Ayyad

No price rise in telecommunications: Telecom companies

Vodafone and Mobinil deny 10% increase in telephone calls’ prices

Daily News Egypt

Egypt paid $700m to Paris Club on 4 July: Ramez

Governor of the Central Bank of Egypt Hisham Ramez told Reuters on…

Daily News Egypt

Al-Sisi’s economic orientation in his first month, and its influence

Measures to boost economy include reforming taxes and wages, adjusting prices and…

Doaa Farid

Iron producers demand customs duties, protection fees on imported steel following energy price increases

The government had recently increased natural gas prices by $3 for the…

Abdel Qader Ramadan