Monday 14 July 2014
 
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Egypt

Egypt tries crude swaps to import foreign oil

Egypt is offering to swap some of its domestic oil production for Iraqi crude better-suited to its ageing refining system, as Cairo's budget woes restrict its ability to buy on international markets. Egypt's state-owned Eg

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Etisalat appoints UAE nationals to senior HR roles

Etisalat Group, a leading telecoms operator in the Middle East, Africa and Asia, has appointed four UAE nationals as executives to HR and administration roles for the groups Egypt, Pakistan and Afghanistan operations.  

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EFG Hermes bid in doubt as holders baulk at price

Billionaire Naguib Sawiris' second bid for a stake in Egypt's biggest investment bank EFG Hermes hung in the balance as shareholders agreed to sell just under half of the shares sought. Sawiris' New Egypt Investment Fu

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Brotherhood leader sentenced to life

An Egyptian court sentenced Muslim Brotherhood leader Mohamed Badie to life in prison on Saturday, the court's judge said, for inciting violence that erupted after the army deposed Islamist President Mohamed Mursi last year. B

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Egypt ups electricity prices, to end gas subsidies

Egypt's electricity prices began to rise this month under a plan to eliminate power subsidies within five years, the electricity minister said, as the government seeks to cut a gaping deficit and reduce its reliance on Gulf states' aid.

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More people, less water mean rising food imports for Egypt

In the northwest corner of the Nile Delta, Ibrahim Sharaf Al-Dein fires up his diesel-powered pump next to a murky canal only to watch it spew out a yellowish froth. For the past 15 years, antiquated irrigation systems and a gover

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Egypt starts implementing capital gains tax

Egypt started implementing a new capital gains tax on Wednesday in a bid to increase the country's sources of revenue following more than three years of economic and political turmoil. The managing director of Misr For Clearin

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Gateworx named Egypt distributor for Eset

Eset, a global leader in digital protection, has entered into a partnership with Gateworx, an IT distributor, for the distribution of its entire security solutions portfolio in the Egyptian IT market. This includes Eset's endp

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Egypt imposes tax on capital gains, dividends

Egypt's president has approved a law imposing a new 10 per cent tax on capital gains and stock dividends, as the country seeks to revive an economy battered by more than three years of political turmoil. The tax applies to div

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Egypt 'finalising details of unified telecoms licence'

Egypt is finalising the details of a long-awaited unified licence for both mobile and landline telecommunications, its telecoms minister said on Wednesday (July 2), after the announced activation date of June 30

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