Latest in Tag: government Highlight
Latest in Tag: government
The Central Bank of Egypt (CBE) will suspend all of their bank operations operating in the local market for a period of three days starting from Sunday 25 June 2017 until Tuesday 27 June for the Eid al-Fitr holiday period. According to CBE’s, banks are set to return to work on Wednesday 28 June. Prime …
EGP 10 billion allocated to infrastructure and public utilities across Egypt during 2017/2018
The government’s package is much lower than inflation rates and does not match the expected increases in fuel prices
Total investments worth EGP 646bn, and the private sector share is 55%
It is now clear, as time goes by, that we are talking to, criticising, and offering solutions to an unworthy government that unfortunately treats us the way an Egyptian employee deals with Egyptians. Of course, I do not have to explain to you how Egyptian employees function in Egypt. This shows how the government is …
Squeezed by economic and political turmoil following the 25 January Revolution that toppled former president Hosni Mubarak, Egyptians are now facing a new era of hardship and austerity. The government’s adopted economic reform programme, backed by the International Monetary Fund (IMF), included the flotation of the Egyptian pound, subsidy cuts, high interest rates, and the …
Ministry of Finance intends to borrow EGP 299.019bn from banks in Q1 FY2017
The IMF loan has not been delivered to the parliament, says committee member
Committee suggests price ranging between EGP 1.02-1.08 per KW/h
Aimlessly cruising with a private vehicle in a country like Egypt should not be a personal decision, where citizens lose hours in commuting, which leads to increasing pollution and consuming significant amounts of partially subsidised fuel. The chronic problem of Egypt’s traffic congestion constitutes of drivers’ misbehaviour accompanied by no real penalties, using a large …
Tasked committee issues report recommending compensation for affected families
New committee to be established for selecting leadership positions, says deputy finance minister
Recommendations address proposals on the appropriateness of conditions for the companies that the government did not settle on yet, to be offered in the food industry and electricity sectors
Launch of treasury bills tenders for EGP 300.25bn, bonds worth EGP 24.25bn in last three months of year
Decline in private investments to 51% in the reform programme; government controls 53% of bank loans since beginning of the year
Having all the mechanisms for handling SMEs under one roof will facilitate the process of establishing and funding SMEs, says Marzban
The World Bank expects 5.5% growth in Egypt in FY 2019
The first legislative year has ended with many constitutional violations, say experts
It is illegal for a decision annulled by the Administrative Court to be appealed in a civil court such as Abdeen Court, says Malek Adly
The Tunisian parliament has approved the new government of Youssef Chahed. The decision ends months of negotiations as the country deals with various security and economic challenges.
International education, medicine, and special needs cars are added to the list; discussions to continue next week, say sources
Poverty in Egypt will increase throughout the year, as the government did not use the incoming foreign currency to create jobs, according to Aliaa Mamdouh, a former economist at CI Capital Investment Bank. The current economic and social conditions in Egypt are projected to increase the poverty rate in the coming years. The government appears …
The Ministry of Supply topped the corruption chart with almost 20% of the cases
After using social media to publicly quash the coup, Turkey’s government is cracking down on news sites and purging state institutions again. Here is how censorship works in the country – and how Turks react to it.
‘Egypt’s Support’ members are pressuring MPs into accepting the civil service law, says Maat
Paris is looking to welcome bankers and investors as London’s role as a global finance hub comes under question after the Brexit vote. PM Manuel Valls has outlined the offer.
The German cabinet has thrown its weight behind Finance Minister Wolfgang Schäuble’s draft budget for next year and his financing plans up to 2020. The main message is no fresh borrowing will be needed.
DST was first applied in 1998, then abolished in April 2011
Mexico has delivered food to the state of Oaxaca as protests strangle parts of the country. Several people have died in clashes with police, and roadblocks have disrupted the transport of essential supplies.