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9/18/2016 - President Abdel Fattah El Sisi issued the Value Added Tax (VAT) law after it was approved by the House of Representatives. The law, to be published in the Gazette, revokes law no. 11/1991 ... |
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8/19/2016 - A total of 53 foreign exchange bureaus have been closed since the start of the year, deputy governor at the Central Bank of Egypt (CBE) Gamal Negm said . The CBE has closed a large number o... |
| 6/12/2016 - Egypt's Beltone Financial , a unit of billionaire businessman Naguib Sawiris's OTMT, said it planned to convert up to a third of its share capital into Global Depositary Receipts (GDRs) listed abroad.... |
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5/31/2016 - Egypt's non-petroleum exports have increased in April 2016 to $1.7 billion, compared to $1.6 billion in the same month of 2015, an increase of 8.85 percent, said Trade and Industry Minister Tarek Qabi... |
| 5/26/2016 - Egypt imposed a EGP 6 ceiling per pack on the increase in the price of medicines, after a number of pharmacists and drug companies circumvented an earlier decision to raise fixed prices, MENA agency q... |
| 5/20/2016 - Egypt's finance ministry has listed 52 commodities and services that will be exempted from a new value-added tax (VAT), which is expected to be applied this year after it is approved by parliament. |
| 2/23/2016 - The Central Bank of Egypt (CBE) will not reduce the exchange rate of the Egyptian pound before the foreign reserves reach US$25 billion or $30 billion, stated CBE Governor Tareq Amer. Amer ad... |
| 2/16/2016 - Egypt's central bank is not moving toward devaluing the pound or floating its currency, a central bank official said in remarks published by the state news agency on Tuesday, as demand for dollars in ... |
| 1/18/2016 - The Finance Ministry auctioned treasury bills at a total value of EGP 7.5 billion. In an online statement, the ministry said it sold EGP 3 billion of 91-day T-bills. The average yield was 11.... |
| 1/13/2016 - Egypt’s Suez Canal revenues dropped by 5.3 percent in 2015 to US$5,175 billion, down from US$5,465 billion, Suez Canal Authority chief Mohab Mamish said. Mamish attributed the fall to a st... |
| 1/8/2016 - Egypt will witness a moderate growth up to 3.8 percent in the financial year ending in June 2016, the World Bank (WB) expected in a report. In its Global Economic Prospects, the WB also expec... |
| 1/4/2016 - Tax returns saw a 25.2 percent increase between July and October 2015, according to a monthly report by the Finance Ministry, which praised the surge as a result of “tax reforms” and “economic improve... |
| 1/4/2016 - The government and the Central Bank of Egypt (CBE) have decided to collaborate on designing a framework that aims at achieving macroeconomic stability, according to a press statement issued. ... |
| 1/2/2016 - The Egyptian Stock Exchange announced that it attracted some 18,000 new investors in 2015. According to the annual report of the bourse, the number of new companies registered on the market, ... |
| 1/2/2016 - Egypt will apply a new phase of 10 per cent cuts on customs of vehicles imported from the European Union in accordance with a comprehensive EU-Egyptian trade agreement, sources at the Cairo airport cu... |
| 12/30/2015 - President Abdel Fattah El Sisi met Governor of the Central Bank of Egypt Tarek Amer who reviewed a CBE program that is aimed at achieving economic stability to stimulate economic growth, increase the ... |
| 12/27/2015 - Egypt has raised duties on exports of scrap fabrics used in the manufacturing of furniture fabrics by 40 percent, in an attempt to boost local industry. The decision aims to boost the domesti... |
| 12/24/2015 - The Central Bank of Egypt (CBE) has decided to raise interest rates by 50 basis points in an effort to mitigate inflation after the bank's Monetary Policy Committee (MPC) met. The bank raised... |
| 12/22/2015 - Egypt's largest steel producer Ezz Steel hit a net loss of LE559.1 million ($71.4 million) during the first nine months in 2015, the Egyptian Bourse stated. The company saw a net loss of LE20... |
| 12/20/2015 - Egypt’s non-petroleum exports dropped 18.7 percent year-on-year in November 2015 to US$1.4 billion, compared with $1.7 billion in the same month last year, according to Trade and Industry Minister Tar... |
