Latest in Tag: Daily Highlight
Latest in Tag: Daily

Annual urban consumer inflation falls to 8.2% in May
Mayâs annual inflation rate at its lowest since November 2013, says CAPMAS

Al-Sisi unveils economic plan
New President promises in speech to develop industry and agriculture, halt export of mined raw materials and implement development projects

Government can legally obtain data on customers under âsecurity concernsâ: Vodafone
Vodafone discloses the legal power that allows the armed forces and security agencies to order information about its customers

Journalistâs hunger strike ongoing
New letter from prison contradicts NCHR report
Detention renewed for FJP journalist
Abdel Rahman Shaheen has been in custody without charges for three months

Stock market main index rises by nearly 5%
EGX-30 registers 8498.65 points on Thursday

CPJ asks Al-Sisi to address press freedom
Media advocate troubled by the state of journalism in Egypt

Discount and added tax for excess liquidity canceled: Minister of Finance
Government scraps “added” tax to provide excess liquidity to traders and to facilitate transactions. Estimated proceeds of the stock market and wealth tax is EGP 10bn

Internet services temporarily down nationwide
Fire causes temporary slowing in data-speed and drop in stock market trading

Mansourâs presidential decrees, and their mark on Egyptâs economic landscape
Mansour issued a decree amending the Investment Law, prohibiting third parties from challenging contracts between the government and investors.

UNIDO to provide studies for clean coal usage in Egypt
Agreement regarding clean coal usage to be signed between UNIDO, industry ministry, knowledge management officer says

Al Jazeera trial postponed a tenth time, bail denied
Defence attorneys question expert witnessesâ credibility
Court places Pharmacistsââ Syndicate under Judicial guardianship
Complaint wrests control from the Muslim Brotherhood

Government approves Sukari goldmine expansion activities
Expansion activities of gold miner Centamin negatively affected by 2012 court ruling restricting its operations

Letter by NGO urges UN to address human rights in Egypt
11 rights groups send concerns to the Human Rights Council
Egyptâs financial regulator signs information-sharing agreement with Dubai counterpart
Agreement aims to enhance cooperation between the two authorities

Government subsidies on basic food commodities do not reach poor: Expert
State budget for subsidised food commodities in FY 2014/2015 is EGP 34.05bn, compared to EGP 33.8bn in FY 2013/2014

Egyptian pound continues to depreciate against US dollar
The value of $1 stands at EGP 7.16 on 22 May, compared to EGP 7.083 before CBE exceptional auction

Carrefourâs Ramadan prices of basic items will be 8% lower than cheapest seller: Executive Regional Director
Carrefourâs Executive Regional Director says new Carrefour branch to open in Hurgada within coming weeks

National Bank of Egypt adopts strategy to face market competition
The deputy chairman of NBE automated teller machines (ATMs) reached 1,750 by the end of April, adding that the bank is aiming to increase them by 500 new ones and exchange 400 old ones by the end of 2015.

3D geological modelling benefits include increasing oil, gas production: SUCO
Software depicts three-dimensional geological map for oil and gas reservoirs

Transportation ministry announces 28 new investment opportunities
Ministry of transportation reveals investment opportunities involve 3 railway projects, 3 road projects, logistics centre project, 2 new metro lines, tram line, tunnel and 17 maritime transport projects

138,000 new internet users in Q1 2014
Total number of internet users in Egypt rose to 2.77 million by the end of March, compared to 2.63 million in December, marking a 5.2% increase

âPresidential Palaceâ trial delayed until Thursday
Proceedings postponed to hear additional testimony from the prosecutionsâ witnesses

Electricity theft, technical losses reach EGP 8bn annually: Ministry of Electricity
Ministries of Electricity and Petroleum have launched initiative to reduce 20% of electricity consumed annually and thereby decrease energy deficit

Electricity utility to launch notification service for outages in Cairo
New service will send notifications of location and duration of power outages to customers via SMS and is planned to be extended all over Egypt

EIEC launches campaign urging Egyptians to lower electricity consumption
The initiative aims to decrease electricity consumption in households, commercial and industrial sectors by 20% this summer

President to get pay bump
New decree sets monthly presidential salary at EGP 42,000

25% cancellations of pilgrimages to Saudi Arabia due to MERS: ETF board member
Tourist companies fear effect of coronavirus on Egyptians performing Umrah during Ramadan

Morsi prison break trial resumes
Senior prison official testifies about attack on Abou Zabaal Prison