Latest in Tag: government Highlight
Latest in Tag: government
No contracts to be made with government agencies except through electronic invoices as of 1 December
We are taking legal measures against companies that are not committed to joining the system: Tax Authority Head
Government plans to borrow EGP 878.5bn through issuing securities locally in 2Q 2022/23
Ministry of Finance aims to offer 52 T-bill issuances worth of EGP 704bn, 34 bond issuances worth of EGP 174.5bn from October to December 2022
CBE’s acting governor asserts full cooperation with government in common files
This came during a Thursday meeting with Egypt’s Prime Minister Mostafa Madbouly, a few hours after Abdalla was assigned by President Abdel Fattah Al-Sisi to assume this position.
Operating the Government District will create a waiting list for brands over the next year
MRB submitted documents to the ACUD to manage and operate 12 malls in the Government District
Egyptian government intends to borrow EGP 818bn in 1Q FY23
Egypt aims to achieve primary surplus of EGP 132bn in new fiscal year
Government plans to borrow EGP 602.25bn in 3Q FY2021/22
Ministry of Finance aims to issue 52 T-bills bids worth EGP 405bn, 48 T-bond bids worth EGP 197.25bn from January to March 2022
Government, EnerGen discuss plans to expand natural gas production in Egypt
The meeting saw a review and follow-up of the ambitious plan of the company operating in the areas of Abu Qir, North Idku and North Amriya in the Mediterranean. The company aims to put the gas discoveries in North Idku and North Amriya on the production map by linking new wells with Abu Qir production facilities, adding about 150 million cubic feet per day of natural gas.
Egypt joins JPMorgan Chase government bond index watch list
Country had previously been on the list but was removed in June 2011 for not meeting requirements
Egyptian Government eyes borrowing EGP 642.5bn from local market in Q2 2021
Finance Ministry issues 52 tenders for T-bills worth EGP 462bn, 35 bids for bonds worth EGP 180.5bn from April to June end
Lebanon faces challenges forming government, fears situation may explode
Protesters gathered near Republican Palace to call for President’s resignation, and for Prime Minister-designate Hariri to apologise for forming government
Government works on reviving Historic Cairo by integrating old buildings into surroundings: Madbouly
Urban rehabilitation requires improving built environment, housing, infrastructure, and local services
EGP 260m allocated to improve social protections: Egyptian Finance Minister
Egypt ranks first in indebtedness reduction index, says Mohamed Maait
Government affirms positive IMF reviews of Egypt’s economic progress
IMF praises Egyptian government’s provision of assistance to individuals, companies most affected by pandemic
Parliament continues review of government performance
President Al-Sisi directs for coordination with specialised companies for local production of railway rods
Parliament summons 10 ministers to review government performance
During past week, Ministers of Foreign Affairs, Water Resources, and Agriculture addressed parliament on their work
Egypt welcomes formation of Yemen’s power-sharing government
Yemen’s President Abd Rabbu Mansour Hadi announced that PM Maeen Abdulmalik was reappointed to head the new cabinet
Government reviews latest developments in ‘Your Work in Your Village’ initiative for SMEs
384 industrial complexes, 650 medium projects, and 2k small and micro enterprises will be established, providing 330k jobs: Minister Shaarawy
Government settles EGP 13.5bn debts of public business sector companies
These debts are estimated at EGP 13.5bn, with their settlement coming in light of the government’s efforts to settle and repay the accumulated historical debts of that sector.
Government aims to enhance social protection programmes through development funds
During the meeting, they discussed the projects that are being implemented in cooperation with development partners in the field of social protection, the most important of which is the Takaful and Karama programme, funded by the World Bank.
Government to disburse irregular labourers’ aid early December
The disbursement of the finance comes in a bid to support this segment of Egyptian society, particularly as it has been badly hit by the novel coronavirus (COVID-19) pandemic.
Government’s e-payment portal records EGP 36m transactions since September: El-Said
Total of 250 technology centres will be developed to provide 120 services across Egypt, says Planning Minister
Government discusses establishment of new tourism project in Sharm El Sheikh’s Ras Jamila
The two ministries will cooperate with El-Montazah for Tourism and Investment and EMAC Aqaba Company to build the tourism project.
Government continues investment in new projects, services: El-Said
Egypt’s public investments rose 70% to EGP 595bn, says Planning Minister
Egypt surges 34 places in Government AI Readiness Index
Country ranks 7th out of 17 Arab countries, and 8th out of 18 countries in MENA region
Egypt government aims to increase VAT on snacks, sweets to 14%
Naeem Research sees that the amendments, if approved, would affect snacks and sweet manufacturers badly, while they have already been negatively impacted by the novel coronavirus (COVID-19) pandemic.
Government prepares Greater Cairo building requirements for urban control
The ministerial review took place in the presence of ministry officials and urban planning professors from several Egyptian universities.
Government invests EGP 29.6bn in Qena, Sohag over 4 years: Planning Minister
El-Said said that the remarkable growth in the volume of investments directed to the governorates comes as part of the government’s keenness to reduce development gaps by focusing on the governorates most in need.
Government allocates EGP7.1 bn to commodity, service agencies in September
The beneficiaries of the urgent finance include: the General Authority for Supply Commodities (GASC); the Holding Company for Spinning and Weaving; and the National Media Authority. It also financed subsidies for student subscriptions to the Cairo Metro, the home delivery of natural gas, medicines, and infant formula.
Government to borrow EGP 640bn through T-bills, bonds over next 3 months
Tenders will be issued from beginning of October to end of December 2020: Finance Ministry
Lebanon returns to square 1 following failure of government
Solution to Lebanese crisis embodied in return to French initiative, forming government far from logic of sectarian quotas, says Lebanese MP