789 Articles
Tatweer Misr for Touristic Investments and Land Reclamation Company said that it has nothing to do with Tatweer Masr Real Estate Company whose funds are seized by the Inventory, Seizure and Management Committee of Muslim Brotherhood Funds.
WTM fair one of most important events to increase reservations during coming winter, says official
Negotiations with KarmSolar to implement plants, systems to produce electricity, says Rady
Law subjects workers, service establishments to tax, says Rady
We are trying to double number of cattle in markets through four farms, saya Zaky
First phase of health insurance will cost about EGP 9.3bn, will be firstly applied in Port Said, then in another Suez Canal governorate after six months
Tax disputes referred to judiciary are about 150,000, including appeals against income, sales taxation, VAT, stamp duties
Eliminating detergents from table taxes over upcoming period is not possible with Finance Ministry targeting tax revenues worth EGP 770bn, with VAT and table tax representing EGP 320bn of them
Initial procedures of collecting funds for Egyptian sovereign fund in Q1 2019, says government sources
It is not only a matter of desire to meet with minister of health to discuss delaying postponement of comprehensive health insurance, but to discuss government’s strategy for sector in coming period
There are some reservations on indicators in government’ programme, like proceeds of non-oil exports, which would not exceed $28bn in 2020 despite measures taken, legislations approved by parliament in past two legislative terms
Parliament decides percentage of local product within government contracts shall not be less than 15% to encourage local producers to invest, expand projects
Allocations for interests on additional credit estimated at EGP 57bn, other expenses include EGP 2.3bn in compensation for North Sinai residents
Independence of Egyptian Tax Authority improves collection efficiency, expands financiers base, says Alexan
Parliamentary youth and sports committee criticises EFA for involving Liverpool star Mohamed Salah in political disputes between UK, Chechnya
Some pharmaceutical companies have submitted demands to the Ministry of Health to increase the prices of some medicine. In the past months, the Ministry of Health has agreed to increase prices of 24 products, after conducting an economic study of each one.
Pre-university education allocations were at EGP 89bn in draft budget, while ministry sought EGP 128bn
New prime minister will confirm his government’s commitment to continue economic reform programme initiated by former government
Company’s exports rose by 90% in past three years
NAT requests allocations worth EGP 35bn, while allocations last year reached EGP 8.144bn, including new projects worth EGP 110m, independent projects worth EGP 8bn
Increasing interest rates this FY raised debt interest dues by EGP 54bn
The Egyptian Parliament approved on Tuesday the fiscal year 2017/2018 general budget with a total expenditure of up to EGP 1.4tn and expected revenues of EGP 938bn. The budget deficit reached 8.4%, while the growth rate stood at 5.8%, driven by new employment opportunities provided by private sector investments, amounting to about 850,000 jobs. MP …
US raising short-term interest rate tightens conditions of Egypt’s external financing
Health committee demands increasing financial allocations for sector by EGP 20.7bn to reach EGP 82bn
MP Amr Sedky, member of parliament’s economic committee, is optimistic that the Egyptian tourism sector will be able to recover quickly this year as tourist arrivals increased during the first quarter of this year to 2.3 million tourists, up from 1.7 million last year. Sedky, a former board member of the Egyptian Travel Agencies Association …
The economic affairs committee of parliament plans to complete an aggregated report on the state’s economic bodies in the draft budget for the next fiscal year, to be submitted to the planning and budget committee. Member of parliament (MP) Mohamed Saad Badrawy said that the committee has many reservations regarding the work of economic bodies …
Hikes threaten target deficit, says Omar
Allocations increase of EGP 40-45bn expected
Programme would benefit 3.8m families
Last legislative term, budget committee sent three proposals to Ministry of Finance on lifting income tax exemption limit
