Egypt has signed Tuesday a Kuwait Fund for Arab Economic Development (KFAED)'s KD 29 million (around $100 million) loan to finance building five water desalination stations in South Sinai.
This is the first agreement the Egyptian government signed (...)
In an attempt to reduce Egypt's high unemployment rate, a new company was emerged this morning, Ayadi Company for Development and Investment.
Under the rubric "Let's Work", the new company is with an initial capital of 10 Egyptian pounds (US$1.4 (...)
The prolonged tax disputes between Orascom Construction Industries (OCIC.CA) and the Egyptian Tax Authority (ETA) will be resolved soon through an anticipatory settlement agreement, Egypt's Finance Minister said on Sunday.
The tax dispute was over (...)
The Egyptian Minister of Finance El-Morsi El-Sayed Hegazy announced that the state's budget deficit is expected to reach EGP 188 billion in FY 2012/2013.
On the sidelines of the Second Investment Conference on Investment in Public-Private (...)