NREA negotiates with 5 banks to obtain EGP 1bn revolving loan
The New and Renewable Energy Authority (NREA) is currently in talks with five local banks to obtain a revolving loan worth EGP 1bn to finance solar power projects with capacities…
Parliament to discuss boycotting American products as Pence due in Cairo Wednesday
Draft law first vocal reaction against latest controversial decision by Trump
Sharm, Hurghada hotels marked as touristic hotspots, 97%, 62%, forecasted growth respectively: Colliers
Sharm El-Sheikh and Hurghada hotels were marked as touristic hotspots with a forecasted growth of 97% and 62%, respectively in revenues per available rooms (RevPAR). The surge is a result…
Finance Ministry considers increasing income tax for some sectors
Some sectors have not achieved targeted tax, therefore ministry targetting tax structures to increase tax revenues
Local banks, foreign financial institutions offer investments worth $1.29bn in Egyptian T-bills
Highest interest rate on investment in those bills is 3.5%, while lowest rate is 3.47% and the average is 3.495%
26.8% decrease in deaths from Road accidents in H1 of 2017
The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued Sunday a report on road accidents in the first half (H1) of 2017. The most important indicators were as follows:…
77% of companies hit by cyber attacks in 2017
Kaspersky Lab IT Security Economics Report revealed that 77% of companies were hit by some kind of cyber attack during the past year. Moreover, the report stated that the situation…
UNSC considers Egypt’s draft resolution to counter US Jerusalem decision
Israeli envoy to UN Danny Danon dismissed the draft
Al-Sisi honours Hegazy with nation’s highest medal
Hegazy left his previous position days after the Al-Wahat terror attack
