Latest in Tag: government Highlight
Latest in Tag: government
Communications ministry aims for broadband services for 90% of Internet users
According to a ministry official, the Internet speed users will enjoy is expected to reach up to 25MB.
Egypt’s outlook upgraded to stable: Moody’s
Government bond rating confirmed at Caa1, however
University professors gain government assurances on new law
9 March movement vows to continue working to “defend the independence of universities and academic freedoms”
2 die in new Aswan collision
Accident comes just one day after deadly collision in Aswan which claimed lives of over 20 people
Shoukry receives Chinese envoy for Middle East
Two sides discussed need to bolster cooperation and encourage Chinese investment in Egypt
Egypt hopes new government will direct Libya to democracy: Shoukry
Foreign minister shows support of legal entities in Libya during UN assembly
Cabinet agrees to activate local Product Law
The law is working to deepen industry, Al-Sewedy says
Minister warns of Brotherhood teams ready to kill and destroy
Statements follow reconciliation initiative proposed by a Brotherhood figure recently released from prison
Shoukry meets with Omani Foreign Minister
Discussions included the coming Arab foreign ministers meeting
Overview of banking sector performance over FY 2013/2014
Daily News Egypt takes a closer look into the banking sector’s performance over the past fiscal year, with examples of the financial results of state-owned, private and Islamic banks
Government fails to abide by payment schedule with foreign partners
The government is the reason behind the continued inability of the petroleum sector to repay dues to foreign partners in return for oil and gas received monthly, said an official at the Ministry of Petroleum The EGPC has not complied with the agreement the ministry entered into with foreign partners for the payment schedule for …
Petroleum ministry assigns EGPC to pay for gas shipments through internal revenue
By Mohamed Adel The Ministry of Petroleum has assigned the task of importing liquefied natural gas (LNG) needed for power plants through the coming period to the Egyptian General Petroleum Corporation (EGPC). Payment for the imported gas will be managed through internal revenue, according to a senior official at the Ministry of Petroleum. The expenses …
Government to import gas at $17 per million BTUs due to poor domestic gas production
EGAS seeks to encourage foreign partners to produce gas from Egyptian fields, company official said.
Government will not offer new licences to steel factories: IDA
The cabinet agreed to modify Bianco’s licence to allow the company to produce rebar and billet according to the energy available after paying fees for altering the licence as well as fees for violating the terms of their current licence.
EGP 200 fee issued on marble, granite and EGP 50 fee on sand: Abdel Nour
The Ministry of Industry and Trade issued an EGP 200 fee on each ton of marble and granite blocks, in addition to an EGP 50 fee on each ton of any kind of sand, according to statement made by Minister of Industry and Trade Mounir Fakhry Abdel Nour Tuesday. The ministry has banned the export …
Government considering new cement licences to stimulate economy: Investment minister
Minister of Investment seeks to transfer ownership of Egyptian Financial Supervisory Authority and General Authority For Investment to the president
Industrial sector requests government protections following energy price increases
The federation said the government must enable industry to withstand the wave of extensive energy price increases that were recently approved by the government.
Government allocates EGP 75.3m to ‘modernise industry’ in FY 2014/2015 budget
IMC aims to provide 2,825 services to about 995 companies for the 2014/2015 fiscal year (FY).
Cabinet ministers must start work at 7am: Mehleb
Prime Minister explains government priorities and new work ethic
Final composition of government to be announced this evening: Abdel Nour
Ministry of Investment to be separated from the Ministry of Industry and Trade, the minister noted.
Mehleb to choose from 2 candidates for new Minister of Investment: Cabinet source
Prime Minister Ibrahim Mehleb has finalised plans for the new government’s formation, to be sworn in before President Abdel Fattah Al-Sisi Monday morning, with just a few ministerial posts yet to be confirmed.
Real estate facing price jumps on rising building materials costs: Arabia Group chairman
Real estate experts expect price jumps in properties, as government price rises for petroleum push up the cost of building materials
‘Unjust to focus’ on Rafah: Egyptian ambassador to Palestine
For the past 11 months, Egyptian authorities have repeatedly shut down the border crossing and it is estimated that thousands need to travel
Kurdish rebels ramp up pressure ahead of Turkey vote
Erdogan is widely expected to run, but to win he needs support from the country’s Kurdish minority, who make up one fifth of the population and form a majority in the southeast.
Bomb attacks on Kurd party kill 17 in latest Iraq unrest
There was no immediate claim of responsibility, though suicide bombings are a tactic mainly employed by Sunni Muslim militants in Iraq.
Decision on stock market tax is ‘final and irreversible’: Finance minister
Dimian estimates that proceeds to the treasury from the new tax will range from EGP 5 – EGP 6bn, but this will be linked to market performance.
Egypt on its way to regaining regional role: Mehleb
Prime minster says government has succeeded in advancing the transitional roadmap during its first 90 days
Malawi’s new president sworn in after disputed elections
Mutharika, the brother of president Bingu wa Mutharika who died in office in 2012, appealed to the 11 other presidential candidates to “join me in rebuilding the country” after some – including Banda – contested the results.
Turkey beefs up security on protest anniversary
Eight people died and thousands were injured in the heavy-handed police crackdown that ensued, as clouds of tear gas wafted through the much-loved park on Taksim Square.
Reducing energy subsidies is ‘good’ but may raise prices: Egyptian Steel chairman
Investors welcome the move to reduce energy subsidies, but ask government to protect the poor from expected price jumps through social programmes