Our Views The buying and selling exchange rates of the US dollar recorded EGP 17.40 and EGP 17.50, respectively in the National Bank of Egypt (NBE). The NBE decided to issue a saving certificate with a fixed rate of return of 18 percent throughout the period of keeping the certificate. For more details and full […]
Our Views In context of the Minister of Finance’s explanation of the sources of funding for Egypt’s mega projects, he indicated two separate budgets, namely: The state budget, which is managed by the Ministry of Finance, and the budget of the 55 Economic Authorities, which is separate from that of the Ministry of Finance. It […]
Our Views Nevin Gamea, Minister of Trade and Industry, said that the Committee for Inventorying Unused Industrial Lands will complete its work within a month, noting that President Abdel Fattah El-Sisi is following up on the work of the Committee. She added that an initial inventory in 12 governorates resulted in identifying 890 unused industrial […]
Our Views The Egyptian government’s decision to ban products of about 1,000 local and foreign companies from entering local markets caused controversy that extended beyond news sites to social media, amid expectations of higher prices for the companies’ products and by extension, comparable commodities as well. For more details and full views, download the document […]
Our Views Prime Minister Dr. Mostafa Madbouly affirmed that a specialized economic group of ministers has been assigned the task of developing a recovery plan from the effects of the global crisis, through a package of measures aimed at stimulating foreign and domestic investments, in accordance with the directives of President Abdel Fattah El-Sisi.In today’s […]
Our Views President Abdel Fattah El-Sisi met with the Ministerial Economic Group to follow up on procedures for dealing with the effects of the global economic crisis. Ambassador Bassam Radi, official spokesman for the Presidency, stated that the President issued a directive to exclude production requirements and raw materials from the procedures that were recently […]
Our Views Prime Minister Dr. Mustafa Madbouly announced the start of granting a “golden license” for projects. The Golden License is simply one license granted to new projects with the aim of accelerating the start of productive and investment activity, and does not need approvals from a number of authorities as the traditional license. For […]
Our Views Following the decision of Prime Minister Dr. Mostafa Madbouly regarding the formation of a permanent unit to solve the problems of investors, Engineer Randa Al-Minshawi, First Assistant to the Prime Minister, chaired the first meeting of the unit at the Council’s headquarters. The aim of the meeting was to discuss ways to overcome […]
Our Views Nevine Gamea , Minister of Trade and Industry, announced that a draft law is currently being formulated to provide incentives and benefits to certain industries, including providing tax exemptions, with a view to supporting these industries and helping them grow and increase their productivity and hence their ability to export. For more details […]