Planning, budget committee demands increasing social security allocations for low-income families: MP
Programme would benefit 3.8m families
Abdel Razek Al-Shuwekhi
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Latest by Abdel Razek Al-Shuwekhi
Government turns down Support Egypt coalition proposal to raise income tax threshold to EGP 24,000
Last legislative term, budget committee sent three proposals to Ministry of Finance on lifting income tax exemption limit
MPs demand to see plan to list state companies on EGX
Finance Ministry tells planning, budget committee government will offer 15-30% of 23 companies over two years
Slashing subsidies without improving public services eliminates middle class: MPs, economists
Government will reduce fuel subsidies next fiscal year to EGP 89bn from EGP 110bn this year, while electricity subsidies trimmed from EGP 30bn to EGP 16bn
Planning committee demands Finance Ministry increase education, health allocations in next FY budget: deputy head
Allocations of education, health, research sectors to reach EGP 177bn next year: EGP 115.6bn for Education, Higher Education Ministries, EGP 61.8bn for Health Ministry
Parliament to discuss 2018/2019 draft budget next week: MP
Planning and budget committee to hold meetings with Finance Ministry officials
Agriculture committee urges government to raise wheat price to EGP 625-650 per ardeb
Increasing price will bring in EGP 1,500-2,000 per feddan, while current government price creates no profits for farmers
Investors urge government to pay export subsidy arrears
Government increased export subsidies in next budget from EGP 2.6bn to EGP 4bn
Economic committee discusses with government offering shares of state-owned companies on EGX: committee head
Financial statement of draft budget shows government’s intention to list six to eight companies on EGX with total expected value of EGP 10bn
Sector strategy targets 16.6m tourists by 2020
Makers of tourism vision lay out plan at DNE-led seminar
EGP 89.75bn allocated for petroleum subsidies, EGP 16bn for energy subsidies in FY 2018/19
Food commodity subsidies increased by 36.6% to reach EGP 86bn
Factoring market holds EGP 10bn expected value: Muharram
A client’s case study requires one week to 10 days: Sadeq
30-50% increase in Umrah programme prices in upcoming season: Basel El-SisiÂ
The prices of Umrah programmes will increase by at least 30–50% in the first phase of the upcoming pilgrimage season, according to Basel El-Sisi, former trustee of the Egyptian Travel Agents Association. A programme that was worth EGP 8,000 last season will be worth EGP 13,000 this season, he said, and the prices will jump …
Airlines raise prices of Umrah tickets
Prices in last days of Ramadan may reach EGP 16,000-EGP 20,000, tourism workers say
Economic committee continues discussions on financial leasing, factoring law
Some MPs have requested extending settlement period, as six months not enough
Parliament seeks to meet ETA again in March to discuss development
Tax revenues rose to EGP 55.9bn in July-August 2017 from EGP 37.9bn in prior year
Parliamentary committee criticises Awqaf Authority over losses in past fiscal year
EGP 2.5bn not invested in factories to generate jobs, limiting ability to create revenue
Parliament calls on government to pay EGP 7bn of export subsidies arrears
Dues are for 18 months, securing them saves factories from shutting down: Chairman of the Industry CommitteeÂ
Parliament to hold final vote on consumer protection bill in March: El-Gohary
Parliament’s economic committee agreed to grant the power of issuing the executive regulation of the bill within three months to Sherif Ismail rather than Ali Al-Moselhi
Parliament’s tourism committee holds meetings with investors on unified tourism bill
Parliament’s tourism and aviation committee will start to hold meetings with members of the Tourism Investors Association and the Egyptian Federation of Tourism Chamber to hear their views concerning the unified tourism bill, according to Adel Rady, chairperson of the Tourism Investors Association at Marsa Alam. He told Daily News Egypt that the aim of …
Public sector minister to share vision on state-owned firms IPOs before parliament
Differences between committee members on whether governmental deregulation in or out, says MP
Social Solidarity Ministry to fund Al-Sisi initiative for temporary workers insuranceÂ
Capital allocations for Al-Sisi’s initiative on temporary workers insurance is under study, say MPs
Rice pricing tops EGP 12 per kg of average quality: MP
Ministry of Water specified surface areas, regions allocated for rice cultivation for 2018 at 750,000 feddans, of which 400,000 feddans will be irrigated with agricultural drainage system
Parliament discusses additional appropriations for general budget final account for FY 2016/2017Â
Additional appropriations allocated for oil derivatives at about EGP 61bn of total additional appropriations at EGP 105bn
Insurance coverage of King Tut belongings to be shown abroad valued at $862m: El-Anany
Ministry expects returns of $5m, exhibition expected to take place in 10 world cities, antiquities minister says
Hilton aims to add 3,000 new rooms in 4 years
Hilton Egypt’s indicators doubled in comparison to the previous yearÂ
Finance Ministry ignores parliament’s economic committee inquiry on private funds: Sherif
We would like this file to be handled with transparency; non-response to prime minister’s letter very serious, raises many questions about these private funds, says representative of parliament’s economic committee
3 ministries to join programmes, performance evaluation by end-February
Parliamentary planning, budget committee works on imposing system on 10 additional ministries next fiscal year, reaching 16 ministries in total
Parliament agrees to extend SUMED’s work for 27 years
SUMED is joint stock company of $400m capital; Egypt, represented by EGPC contributed 50% of capital
Finance Ministry sends parliament new draft of tenders, auctions law
Disagreement over bill’s new meaning tenders, auctions put forward by public sector will not be subject to law