Saturday 29 August 2015
 
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Egypt

Egypt's power choices appease public, squeeze industry

Far fewer Egyptians are complaining about the kind of power cuts that fuelled unrest in the past but government energy policies apparently focused on appeasing the public are dealing a blow to industries vital for economic growth.

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Egypt bans rice exports as of Sept 1

Egypt's ministry of trade and industry will ban rice exports again as of September 1, according to a decision published in Egypt's official legal gazette. Egypt had allowed the export of its medium-grain rice last October

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France, Egypt in talks over helicopter carriers

France is in talks to sell two Mistral helicopter carriers to Egypt after their sale to Russia was cancelled earlier this month, two sources close to the matter said on Wednesday. Cairo has sought to boost its military power in th

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Egypt cancels tender for smart electricity meters

Egypt’s Ministry of Electricity and Renewable Energy has announced the cancellation of a tender for supplying 50,000 smart electricity meters that were needed for the South Cairo Electricity Distribution Company, a report said.

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Four Seasons Cairo at Nile Plaza caters to world leaders

Four Seasons Hotel Cairo at Nile Plaza, a leading hotel in the Egyptian capital, was the official caterer at the New Suez Canal opening ceremony, catering to world leaders and other VIPs at the gala event earlier this month. With up to

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Egypt cuts top tax rate, suspends capital gains tax

Egypt lowered the top tax rate and the threshold for companies and individuals in high income brackets on Sunday and suspended a 10 per cent tax on capital gains in an attempt to attract investors and boost the economy. President

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Egypt sentences Brotherhood leader to life

An Egyptian court sentenced Muslim Brotherhood leader Mohamed Badie and other prominent Brotherhood figures to life in prison on Saturday over an attack on a police station in 2013, judicial sources said, part of a sustained crackdown on the gro

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Egypt's Egas seeks 4 LNG cargoes via Jordan terminal

Egypt's state-owned gas company Egas is seeking four cargoes of liquefied natural gas (LNG) for delivery to Jordan's Aqaba terminal, three traders said.   Egas has approached existing suppliers for the ca

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Egypt's economic growth accelerates, but less than govt hopes

Egypt's economic growth rate is set to accelerate to 4.5 per cent in the current fiscal year, higher than in recent years but lower than the government projects, a Reuters poll forecast on Thursday.   After m

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Egypt in $1.4bn oil products deal with Saudi Aramco

Egypt has agreed to a three-month oil products deal worth $1.4 billion with Saudi Arabia's state-owned Aramco to begin in September, the oil minister told Reuters on Thursday. The deal stipulates that Egypt pay Aramco within a year,

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