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The Ministry of Education removed lessons on the January 2011 and June 2013 uprisings from high school history curriculums, Ahram Online reported on Sunday. The news website notes that the inclusion of such contemporary events in history curriculums had stirred controversy in recent years.
Author Archives: enterpriseam admin
Posted inReal Estate + Housing
PHD co-developing 12.6 mn sqm project in Sixth of October with NUCA
Palm Hills Developments (PHD) announced that the New Urban Communities Authority (NUCA) approved an agreement to co-develop a residential project on 12.6 mn sqm in Sixth of October. “The project is an integrated community with complete residential complex offering multi tenants buildings, standalone units complemented by full spectrum of commercial, educational and leisure facilities. The […]
Posted inReal Estate + Housing
Heliopolis Housing says 11-month net profit exceeds full-year target, buys land plot
Heliopolis Housing announced that its profit figures for the first 11 months of FY 2016-17 have exceeded the targets for the entire year, according to an EGX disclosure. Net profit for the first 11 months registered EGP 374 mn from revenues of EGP 730 mn as at 31 May. The company had projected a total […]
Posted inTelecoms + ICT
Internet prices to go up in September once the full VAT is applied to services, says Abdel Moneim Mattar
Internet prices are likely to go up in September, once the value-added tax (VAT) is fully applied to the service, according to Al Borsa. ADSL services had been exempt from the VAT for its first year in effect, but will be subject to a 14% rate when the VAT rises, Finance Ministry VAT commissioner Abdel […]
Posted inOther Business News of Note
Saudi prince withdraws from USD 1 bn steel complex with Suez Canal Authority
Saudi Prince Walid bin Musaed bin Saud bin Abdel Aziz Al Saud’s company withdrew from a USD 1 bn steel complex that was set to be implemented in partnership with the Suez Canal Authority (SCA), sources tell Al Mal. He reportedly had objections concerning key contractual details. SCA is likely to seek a European loan […]
Posted inOther Business News of Note
Union Capital files paperwork to establish venture capital fund
Union Capital filed paperwork to establish the venture capital fund to restart operations at idle factories to the Egyptian Financial Supervisory Authority (EFSA), Union Capital chairman Hani Tawfik tells Al Borsa. Tawfik said he expects the company to be established after Eid holidays. The outfit will have a capital of EGP 150 mn and is […]
Posted inLegislation + Policy
Egypt signs first international anti-tax evasion agreement
Egypt was among 68 countries to sign the Organization for Economic Cooperation and Development’s (OECD) Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting in Paris on 7 June, Vice Minister of Finance Amr El Monayer said, according to a ministry statement. The treaty modifies tax treaties to eliminate […]
Posted inLegislation + Policy
El Sisi signs off on amendments to Commercial Registration Act
President Abdel Fattah El Sisi signed off yesterday on amendments to the Commercial Registration Act, Al Shorouk reports. The law will require manufacturers to receive approval from their industry’s division at the Federation of Chambers of Commerce and the Federation of Egyptian Industries before being listed in the Commercial Registry. The House of Representatives had […]
Posted inLegislation + Policy
Water Act resurfaces -Irrigation Ministry
The Irrigation and Water Resources Ministry has completed yet another draft of the Water Act, which had last been heard of in January after months of silence, Al Shorouk reports, citing a ministry statement. We had first heard of this law, which aims to develop and regulate the sector, in 2014, but it has died […]
Posted inEgypt Politics + Economics
119 MPs ask El Sisi to hold on Smurf Islands agreement until Constitutional Court issues verdict
More than a hundred members of the House of Representatives signed a request that President Abdel Fattah El Sisi wait for a verdict from the Supreme Constitutional Court before signing an agreement that would hand sovereignty over the Red Sea islands of Tiran and Sanafir to Saudi Arabia, AMAY reports.