In a landmark step reflecting growing economic cooperation between Cairo and Riyadh, the Egyptian parliament approved on Monday an agreement aimed at connecting the two country’s electricity grids. The agreement, signed between the heads of the two countries in Cairo … read more
By Reuters By Eric Knecht and Maha El Dahan CAIRO (Reuters) – A fact-finding commission investigating corruption in Egypt’s domestic wheat supplies has delivered its final report to parliament, a lawmaker said on Monday, amid mounting pressure on the minister … read more
Al-Masry Al-Youm Egypt’s deputy finance minister for taxation polices, Amr al-Monier, has expressed fears that parliament may reduce the rate for Value-Added Tax (VAT) proposed in a bill submitted by the government last year, thereby harming Egypt’s ability to reduce … read more
The House of Representatives is scheduled to discuss on Sunday afternoon the government-suggested law to enhance health services provided to judges by imposing taxes on trial documents. The suggested taxes, reaching EGP 10, would be paid by any citizen who … read more
Several partisan blocs within the House of Representatives are to make inquiries into allegations that Supply Minister Khaled Hanafy has been living in a 5-star hotel at the expense of the ministry. If the minister fails to prove that the … read more
Al-Masry Al-Youm A recession has hit Egypt’s stationary market that not even the Back to school rush on study supplies has been able to ease, said Barakat Zaki, vice-chief of the stationary division of the Federation of Egyptian Chamber of … read more
AFP Turkey wants to repair its ties with Egypt, after relations soured over the ouster of Islamist president Mohamed Morsi in 2013, Prime Minister Binali Yildirim said on Saturday. Relations between Ankara and Cairo took a nosedive after the Egyptian … read more
(Aswat Masriya) – A total of 53 foreign exchange bureaus have been closed since the start of the year, deputy governor at the Central Bank of Egypt (CBE) Gamal Negm said on Friday. The CBE has accelerated a crackdown against black … read more
By Lin Noueihed | CAIRO A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of subsidized baby milk. But rising prices mean his civil servant’s salary barely lasts the month … read more
Al-Masry Al-Youm A Supply Ministry spokesman defended Minister Khaled Hanafy on Friday over allegations he has been residing in a 5-star hotel since taking office last year, costing the ministry more than LE7 million. The spokesman for the ministry, Mahmoud Diab, denied … read more