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No Plan to Amend Egyptian Economic Reform Program
Egypt >> 5/12/2013 - Minister of Finance Fayyad Abdel Moneim ruled out any plan to amend the economic reform program, noting that the basic and sole condition set by the International Monetary Fund is reducing the State's...
Land Bridge between Egypt and Sudan to Operate soon
Egypt >> 5/12/2013 - Agriculture Minister Ahmed el-Gizawy said the land bridge connecting Egypt and Sudan operates within the coming 15 days. This came after a meeting on 11/5/2013 with Egyptian Ambassador to Sudan; el-Gi...
Egypt Receives $3 bln Qatari Deposit at 3.5%
Egypt >> 5/12/2013 - Egypt received a $3 billion deposit from Qatar, a central bank official said, shoring up finances hit by economic turmoil since a popular uprising that toppled the government two years ago.

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Abdullah bin Mohammed Discusses Cooperation with Albania
United Arab Emirates >> 5/12/2013 - Abdullah bin Mohammed bin Butti Al Hamed, Undersecretary of the Ministry of Foreign Affairs, received in his office Albanian Ambassador to UAE Behar Bijko. During the meeting, Al Hamed and Bijko discu...
Bahraini Minister Receives UAE Ambassador
United Arab Emirates >> 5/12/2013 - Dr. Majid Bin Ali Al Nuaimi, Minister of Education and Mohammed Sultan Al Suwaidi, UAE's Ambassador to Bahrain in a meeting here have discussed ways of boosting cooperation in education and higher edu...
Downgrading Credit Rating not to Affect Sukuk Application
Egypt >> 5/13/2013 - Finance Minister Fayyad Abdel Monem stressed that downgrading Egypt's credit rating would not affect the Sukuk (Islamic bonds) application. "Upgrading or downgrading credit rating only influences the ...
Joyce Banda Receives Khalid Ghanim
United Arab Emirates >> 5/13/2013 - President Joyce Banda of Malawi received UAE Assistant Foreign Minister for Economic Affairs Khalid Ghanim Al Ghaith. Al Ghaith conveyed to President Banda greetings of President His Highness Sheikh K...
No Egyptian, Foreign Investors to Possess in Suez Corridor Projects
Egypt >> 5/13/2013 - Housing Minister Tarek Wafiq confirmed that Suez Canal development authority had stressed in its establishment draft law that neither Egyptian nor foreign investors will have the right of possession i...
Egyptian Interior Ministry Should Secure Investment Zones
Egypt >> 5/13/2013 - Minister of Investment Yehia Hamed underlined the need to provide security for various existing investment and industrial zones in different governorates, thereby increasing productivity and maximizin...
Egypt Market Slips on OCI Share Re-pricing
Egypt >> 5/14/2013 - Egypt's benchmark EGX30 index edged down 0.3 percent after Dutch-listed OCI N.V reduced its tender offer to shareholders of Orascom Construction’s (OCI) Egyptian listed shares, disappointing investor...
SC Approves Bill on Income Tax
Egypt >> 5/14/2013 - The Shura Council (SC) on 13/5/2013 approved a final draft law on the income tax issued by the law no. 91 /2005. The final approval of the proposed amendments was postponed until Monday's session to a...
Yehia Hamed: No Privatization of any State Companies
Egypt >> 5/14/2013 - During his meeting with Egypt Aluminium Company in Naga Hammadi, Qena, Investment Minister Yehia Hamed said that the government will not sell or privatize any of the public sector companies, whose num...
Bulgarian Deputy PM Meets Qatari Ambassador
Qatar >> 5/15/2013 - Bulgarian Deputy Prime Minister and Minister for Regional Development and Public Works Ekaterina Zaharieva met with HE Qatar's Ambassador to Bulgaria Mohammed bin Ali Al Nuaimi. The meeting tackled th...
The Shura Council has Defined Five Income Tax Brackets
Egypt >> 5/15/2013 - Minister of Finance Fayyad Abdel Moneim said the ministry embarked on working out the amendments to the stamp tax bill's executive regulation in light of the amendments approved by the Shura Council. ...
$1.7 bn Investments of Phosphate Fertilizers Complex
Egypt >> 5/15/2013 - Minister of Industry and Foreign Trade Hatem Saleh said studies are currently under way to establish a chemical and mineral complex for producing phosphate fertilizers with investments hitting some $ ...
Egypt Stocks Rise 1% on Corporate Tax Law Changes
Egypt >> 5/15/2013 - Egypt's benchmark EGX30 index rose by 1 percent to 5,455 points in a session that saw atypically high daily turnover of some LE1.1 billion, including LE695 million in bond trading.

"Investo...
Egypt Stocks Down
Egypt >> 5/16/2013 - Egypt's stocks ended trading in the red with the main EGX30 index dropping 0.51 percent to close at 5,428 points. The market saw impressive gains on Wednesday gaining 1.1 percent on the back of favour...
Egypt Protects Foreign Investments
Egypt >> 5/16/2013 - Cabinet Spokesman, Alaa el-Hadidi said that Prime Minister Hisham Qandil's participation in Davos international economic forum in Jordan next week is a message to the international institutions and bu...
Fayyad Abdel Moneim Urges Gov’t Bodies not to Eat up Budget Allocations
Egypt >> 5/16/2013 - Finance Minister Fayyad Abdel Moneim issued a decree to ban State bodies from eating up budget allocations in the last month of the Fiscal Year that ends June 30. The decree stipulates that the remain...
Egypt Says Disputes with Dubai's DAMAC are Resolved
Egypt >> 5/16/2013 - Egypt said it had settled disputes with the Dubai-based developer DAMAC involving projects dating back to the Mubarak era - an agreement the government hopes will reassure prospective investors.

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