Latest in Tag: government Highlight
Latest in Tag: government
Banks, EGX, government departments leave for 3 days starting Sunday for Eid al-Fitr
The Central Bank of Egypt (CBE) will suspend all of their bank operations operating in the local market for a period of three days starting from Sunday 25 June 2017 until Tuesday 27 June for the Eid al-Fitr holiday period. According to CBE’s, banks are set to return to work on Wednesday 28 June. Prime …
Ambitious plan to restructure public sector companies during 2016-2018: Minister of Planning
EGP 10 billion allocated to infrastructure and public utilities across Egypt during 2017/2018
Government approves EGP 45bn social security package
The government’s package is much lower than inflation rates and does not match the expected increases in fuel prices
Government targets 4.6% economic growth in coming fiscal year
Total investments worth EGP 646bn, and the private sector share is 55%
The government’s economy and the people’s economy
It is now clear, as time goes by, that we are talking to, criticising, and offering solutions to an unworthy government that unfortunately treats us the way an Egyptian employee deals with Egyptians. Of course, I do not have to explain to you how Egyptian employees function in Egypt. This shows how the government is …
Was the government ready for the flotation’s consequences?
Squeezed by economic and political turmoil following the 25 January Revolution that toppled former president Hosni Mubarak, Egyptians are now facing a new era of hardship and austerity. The government’s adopted economic reform programme, backed by the International Monetary Fund (IMF), included the flotation of the Egyptian pound, subsidy cuts, high interest rates, and the …
Government borrows EGP 1.121tn through bills, bonds during 2016
Ministry of Finance intends to borrow EGP 299.019bn from banks in Q1 FY2017
Parliament’s Economic Committee to calculate unattended summons, investigative requests against government to be re-presented
The IMF loan has not been delivered to the parliament, says committee member
Government to discuss raising tariff on biofuel next week
Committee suggests price ranging between EGP 1.02-1.08 per KW/h
Ideas on how Egypt could liberate its traffic congestion
Aimlessly cruising with a private vehicle in a country like Egypt should not be a personal decision, where citizens lose hours in commuting, which leads to increasing pollution and consuming significant amounts of partially subsidised fuel. The chronic problem of Egypt’s traffic congestion constitutes of drivers’ misbehaviour accompanied by no real penalties, using a large …
Parliament refers floods report to government, calls for accountability over negligence
Tasked committee issues report recommending compensation for affected families
Successful VAT implementation would be triumph for government, tax authority
New committee to be established for selecting leadership positions, says deputy finance minister
Investment banks prepare list of recommendations for timing, ratios of government propositions programme
Recommendations address proposals on the appropriateness of conditions for the companies that the government did not settle on yet, to be offered in the food industry and electricity sectors
Government plans to borrow EGP 324.5bn in Q2 of FY 2016/2017
Launch of treasury bills tenders for EGP 300.25bn, bonds worth EGP 24.25bn in last three months of year
Government shrinks role of private sector, relies on itself to reform economy
Decline in private investments to 51% in the reform programme; government controls 53% of bank loans since beginning of the year
The government’s new SMEs entity and the future of SMEs in Egypt
Having all the mechanisms for handling SMEs under one roof will facilitate the process of establishing and funding SMEs, says Marzban
World Bank, government discuss second tranche of $3bn loan
The World Bank expects 5.5% growth in Egypt in FY 2019
Parliament announces end of legislative year
The first legislative year has ended with many constitutional violations, say experts
Abdeen Court postpones lawyer’s appeal against annulment of Red Sea islands deal
It is illegal for a decision annulled by the Administrative Court to be appealed in a civil court such as Abdeen Court, says Malek Adly
In Cartoon: The government is like an octopus weighing down on the people
Tunisia agrees on national unity government amid growing security concerns
The Tunisian parliament has approved the new government of Youssef Chahed. The decision ends months of negotiations as the country deals with various security and economic challenges.
Government exempts more goods from VAT to grasp parliament approval
International education, medicine, and special needs cars are added to the list; discussions to continue next week, say sources
Government policies increase poverty, future for the poor seems bleak: expert
Poverty in Egypt will increase throughout the year, as the government did not use the incoming foreign currency to create jobs, according to Aliaa Mamdouh, a former economist at CI Capital Investment Bank. The current economic and social conditions in Egypt are projected to increase the poverty rate in the coming years. The government appears …
1,102 cases of state corruption from July 2015 to June 2016: PFT report
The Ministry of Supply topped the corruption chart with almost 20% of the cases
Erdogan and social media: use and abuse
After using social media to publicly quash the coup, Turkey’s government is cracking down on news sites and purging state institutions again. Here is how censorship works in the country – and how Turks react to it.
Parliament yet to finalise controversial legislations: report
‘Egypt’s Support’ members are pressuring MPs into accepting the civil service law, says Maat
France touts Paris as Europe’s financial hub after Brexit
Paris is looking to welcome bankers and investors as London’s role as a global finance hub comes under question after the Brexit vote. PM Manuel Valls has outlined the offer.
German government endorses balanced budget policy
The German cabinet has thrown its weight behind Finance Minister Wolfgang Schäuble’s draft budget for next year and his financing plans up to 2020. The main message is no fresh borrowing will be needed.
Government suspends daylight saving time
DST was first applied in 1998, then abolished in April 2011
Mexico flies grain into Oaxaca as state reels from teacher protests
Mexico has delivered food to the state of Oaxaca as protests strangle parts of the country. Several people have died in clashes with police, and roadblocks have disrupted the transport of essential supplies.