Tuesday 30 August 2016
 
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Egypt

Egyptian parliament approves VAT at 13pc

Egypt's parliament approved on Monday a long-awaited law introducing a value added tax of 13 per cent which will rise to 14 per cent in the next fiscal year. Parliament had been debating the law for weeks with several lawmaker

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Saudi Telecom, Lebara KSA mull Egypt 4G bid

Representatives from Saudi Telecom and Lebara KSA are in Egypt this week to discuss the possibility of obtaining a fourth-generation mobile phone licence, an official from Egypt's telecommunications ministry said on Monday. &q

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Egypt’s GOEIC examines 2,345 tonnes imported goods

Egypt’s General Organization for Export and Import Control (GOEIC) has received approximately 14,720 imported food and industry containers, totalling 2,345 tonnes for examination during July, said a report. The GOEIC’s

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Turkish Airlines resuming flights to Sharm al-Sheikh

Turkish Airlines will resume flights next month to Sharm al-Sheikh, nearly a year after they were suspended following the bombing of a Russian jet which took off from the Egyptian resort, the Turkish embassy in Cairo said on Wednesday.

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Crystal Lagoons to showcase Egypt projects at Cityscape

Crystal Lagoons, a global developer of giant crystal-clear lagoons, has announced two new project wins in Egypt, bringing its total portfolio of active and under-development projects in the Middle East and India to 15. The company

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Crystal Lagoons to showcase Egypt projects at Cityscape

Crystal Lagoons, a global developer of giant crystal-clear lagoons, has announced two new project wins in Egypt, bringing its total portfolio of active and under-development projects in the Middle East and India to 15. The company

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Egypt plans to lift fuel subsidies in three years

Egypt plans to lift fuel subsidies within three years and is aiming to increase fuel prices to 65 per cent of their actual cost during the 2016/17 fiscal year, two government sources told Reuters on Tuesday. Egypt, which is strugg

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Egypt plans to lift fuel subsidies in three years

Egypt plans to lift fuel subsidies within three years and is aiming to increase fuel prices to 65 per cent of their actual cost during the 2016/17 fiscal year, two government sources told Reuters on Tuesday. Egypt, which is strugg

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UAE to provide Egypt with 6-year, $1bn deposit

The United Arab Emirates has agreed to provide Egypt's central bank with a $1 billion deposit for a duration of six years, the United Arab Emirates' official state news agency WAM said on Monday. Egypt this month

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Pact on track to complete White Bay Phase One

Egypt’s Pact Real Estate is currently working on completing the first phase in the development of its first project White Bay in the North Coast, estimated to be worth EGP1.7 billion ($191 million), a report said. The projec

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