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Remittances rise USD 21.1% y-o-y in FY2017-18 to USD 26.5 bn
Remittances from Egyptians living abroad rose 21.1% y-o-y in FY2017-18 to USD 26.5 bn, according to a central bank statement…
SPEED ROUND
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SPEED ROUND
20 new governors, including first Coptic Christian woman, sworn in
20 new governors sworn in, including first Coptic Christian woman to run a governorate: 20 new governors were sworn in…
El Sisi signs five cooperation agreements with Chinese President Xi Jinping
Egypt, China sign cooperation agreements worth bns: President Abdel Fattah El Sisi and Chinese Premier Xi Jinping witnessed the signing…
Careem Egypt appoints Wael Abou El Ela as new country GM
MOVES- Wael Abou El Ela was named yesterday as Careem Egypt’s new general manager, Youm7 reports. Abou El Ela was…
Cabinet approves contracts with Russia’s Transmashholding, sets up unified rights committee
CABINET WATCH- Cabinet approves contracts with Russia’s Transmashholding, sets up unified rights committee: The Madbouly Cabinet approved yesterday the Egyptian…
OC reports strong 2Q2018 earnings, Natgasoline gets provisional acceptance
EARNINGS WATCH- Orascom Construction (OC) reported net income attributable to shareholders in 2Q2018 (pdf) of USD 50.6 mn, up 113.5%…
Hotels to pay real estate taxes based on investment value
Hotels to pay real estate taxes based on their investment value? The ministries of finance and tourism reached an agreement…
Egypt could make travel insurance mandatory for tourists, to issue global tender for insurance provider
Egypt is considering making travel insurance mandatory for all incoming visitors, Financial Regulatory Authority (FRA) Deputy Head Reda Abdel Moaty…
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