Ahram Online Egypt has discussed with the World Bank the possibility of financial support for priority sectors in development and infrastructure projects in Sinai, a statement by the Ministry of International Cooperation and Investment said on Tuesday. Minister Sahar Nasr met with the World Bank’s Chief Executive Officer Kristalina Georgiev …
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Egypt Independent Deputy head of the Communications and Information Technology Committee at the House of Representatives Mai al-Batran on Monday submitted an EDM to Parliament Speaker Ali Abdul Aal regarding the high fees for licensing electric cars in Egypt. In the EDM to Finance Minister Mohamed Maait, Batran said that …
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Egypt Independent Egyptian Environment Minister Yasmin Fouad announced that the government has prepared a tariff for the sale of energy from waste (EfW), in cooperation with the Electricity Ministry. All procedures are being finalized with the Finance Ministry and will be announced within weeks, the Al-Borsa newspaper reported Fouad as …
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Robust demand and extensive investment drive Egypt’s real-estate market but is suffering from weak purchasing power, reports Nesma Nowar Nesma Nowar – Al-Ahram Weekly Real-estate experts gathered in Cairo this week for the Cityscape Egypt Business Breakfast to discuss the market’s performance over the last year and the way forward. The …
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The introduction of the new national e-payment card Meeza is the latest government initiative to reduce the country’s dependency on cash, reports Safeya Mounir Safeya Mounir – Al-Ahram Weekly The new national e-payment card Meeza (meaning “merit” in Arabic) is being released onto the market through the National Bank of Egypt …
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Ahram Online Energy ministers from seven Eastern Mediterranean countries declared on Monday in Cairo the establishment of the East Mediterranean Gas Forum (EMGF), which includes Egypt, Cyprus, Greece, Italy, Israel, Jordan and Palestine, to boost the gas market in the region, a statement by the Egyptian petroleum ministry read. The …
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Ahram Online The banking system in Egypt has offered some £E 115 billion worth of funds to small and medium-sized enterprises, according to the Central Bank of Egypt (CBE). An additional £E 10 billion have been allocated for micro-sized projects, said Lobna Helal, deputy governor of the CBE, who was …
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Ahram Online Egypt’s Minister of Investment and International Cooperation Sahar Nasr says business opportunities in Egypt are promising, assuring investors about a friendly climate that is guaranteed by law and encouraged by incentives. Addressing a conference on investment in the Middle East and North Africa region Sunday, Nasr talked about …
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Ahram Online Mercedes-Benz looks forward to resuming production in Egypt soon, a senior official of the German company said on Friday. The global vehicle manufacturer is also considering additional models in Egypt, Markus Schafer, member of the Divisional Board of Mercedes-Benz Cars, told Egyptian Prime Minister Mostafa Madbouly, who is …
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With zero tariffs on vehicles imported from Europe now in place, the prices of European cars in Egypt could see variable reductions, reports Nesma Nowar Nesma Nowar – Al-Ahram Weekly The final phase of the EU-Egypt Association Agreement that promises the exemption of customs duties on imported European cars came into force …
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