Latest in Tag: Prime Minister Sherif Ismail Highlight
Latest in Tag: Prime Minister Sherif Ismail

Egypt, Tunisia to hold business forum
The forum comes as a part of the meetings of the 16th session of the Egyptian-Tunisian High Joint Committee

IDA, SECC sign MoU for establishment of integrated industrial city in Fayoum
The new city will be built in the latest global style to attract international investments, said Kabil

Kabil signs four cooperation agreements with Lebanon
The agreements include cooperation in the industrial sector, organizing exhibitions, regulating property rights, and exchanging trade information

Egypt launches Ministers’ Council on Social Affairs to discuss terrorism
The conference is taking place in Sharm El-Sheikh and is scheduled to last for two days

Prime Minister constitutes committee to simplify industrial licensing procedures
The committee shall review inventory requirements and procedures required for the issuance of industrial licences

3rd Egypt Automotive Summit to discuss automotive industry strategy on Tuesday
Several ministers, ambassadors, and heads of foreign and local companies will come together on Tuesday for the third Egypt Automotive Summit with the goal of signing supply contracts with the feeder industries. This year, Business News is hosting the third summit through five sessions that discuss market issues during 2016, under the patronage and participation …

Government to determine commodity profit margins with FEDCOC, FEI next week: Prime Minister
Government in full coordination with CBE to overcome the US dollar crisis

€740m loan to support Egypt’s economy: European Investment Bank
EIB is providing a €100m loan to the Qatar National Bank to support SMEs

Giza Chamber of Commerce rejects cabinet decision to form profit margin committee
For Egypt’s economy, which is a free market economy, forcing compulsory quotations and pricing for goods is a step backwards, says first secretary

Federation of Egyptian Industries to convene Sunday to discuss the profit margin committee
We are waiting for the government to share insights, says FEI president

Economic reform programme to expand cash support to 1.7m families within 3 years: experts
The cabinet, headed by Prime Minister Sherif Ismail, met with economic experts from different fields Tuesday to promote the economic reform programme. During the meeting, the ministers explained the current challenges and obstacles that Egypt is facing, in order to hear the different opinions on these problems from specialists. The experts did not object to …

New committee to set profit margins for essential goods: Cabinet
FECOC to hold a meeting to discuss the mechanism of collaboration with the committee, says Yehia Kassab

Sugar shortage crisis intensifies, government announces provision of 50,000 tonnes to supply demand
The Ministry of Supply and Internal Trade announced that it would provide 50,000 tonnes of sugar to meet the market’s demand. The step comes days after the Egyptian market began to witness a growing shortage in the supply of sugar . Prime Minister Sherif Ismail said yesterday in a press release that the government contracted …

Prime Minister urges providing enough strategic commodity reserves for 6 months
Keeping prices unchanged is a strategic and national goal, says Ismail

112,000 acres of 1.5m-acre project to be offered next month: CEO of NECD
Prime Minister Sherif Ismail confirmed that Egypt is willing to offer all kinds of support to put the NECD into action

Government committed to 14% VAT, parliament will understand: Prime Minister
Egypt’s rich are able to provide their needs easily and have to take on more, says Sherif Ismail

IMF welcomes cooperation with Egypt to fund economic programme
It is hoped that this will achieve stability in Egypt’s financial markets, as well as realising targeted growth rates.

Egypt borrows from IMF to retain international confidence in economic stability: Al-Sisi
US dollar loses over 50 piastres on informal market, 5% jump on EGX during Wednesday trading

Zain, Ismail, Minister discuss 4G implementation plans
The Ministry of Communications and Zain agree to continue discussions

Automotive industry enhancement draft law to be presented to cabinet Wednesday
The strategy aims to enhance the local automotive industry through a specific timetable, to raise the ratio of domestically manufactured components from 45% to 60%.

Sovereign Wealth Fund established to exploit unused public sector assets: cabinet
Exploiting the unused assets will boost investments within the infrastructure segment

Extending state of emergency will thwart much of terrorism operations in North Sinai: PM
North Sinai stays under emergency state until 28 July

Egypt aims to attract increased French investments: prime minister
The French minister said that he is looking forward to cooperation between the two parliaments by arranging French MPs to visit Egypt

Parliament expect to approve cabinet programme despite MPs’ concerns
The ability to implement the proposed projects is more important than the implementation timetable, says Al-Araby

Al-Sisi, Ismail discuss government programme ahead of presentation to parliament
Al-Sisi reiterated the importance of focusing on low-income earners within the government’s programme

Ismail reveals details of government’s cabinet programme, seeking acceptance of MPs
Programme entitled ‘Beginning and Hope’ aims to lower the deficit from 11.5% to 8%, inflation rate from 11.5% to 9%

PM turns to international community to implement 1.5m-acre land reclamation project
Government contends that 1.5m acres will increase agricultural area by 20%

Al-Matariya incident should not have led doctors to escalate protest demands: Prime Minister
The event sparked anger among doctors and led to a historic general assembly, calls for the ouster of the health minister, and threats of a partial strike

We should not hold entire police authority accountable: Prime Minister
In its first meeting next month, they will discuss how to organise the relationship between police and citizens, before the cabinet legislations

Social reform and reduced deficit highlight reform programme in one of parliament’s first measures: Ismail
Agreements totalling 4.5bn with WB and African Development Bank bolster tentative reform programme