Public Sector

Public sector operations surge to LE59.4B in a year

Sun, 31 Dec 2023 - 04:04 GMT

According to a statement issued, Sunday, the total value of operations conducted by public sector companies reached LE 59.4 billion in the fiscal year 2021/2022, compared to LE 43.6 billion in the fiscal year 2020/2021.

EIB provides Egyptian public, private sectors with €3.35B during 2 years

Mon, 16 May 2022 - 06:04 GMT

The financing included development cooperation agreements with the government worth €1.5 billion in several vital sectors, namely transport, water and water treatment, and €1.85 to the private sector.

Al-Mashat affirms necessity of enhancing partnerships between public, private sectors

Tue, 06 Oct 2020 - 03:37 GMT

Al-Mashat noted that there is a global financing gap in the health sector, referring to the World Bank’s recent statements that the world’s 54 poorest countries will face in 2030 an annual $176 billion gap in their ability to pay for essential health services.

26 companies make up 90% of public sector losses

Sun, 30 Sep 2018 - 08:57 GMT

One of them sustained losses of LE 712 million “for unknown reasons.”

Last national cement company collapses after 62 years in operation

Mon, 10 Sep 2018 - 05:26 GMT

The National Company for Cement’s story sheds the light on the plights of the public sector, currently shared by at least another 30 companies locally.

Public companies’ debts to Petroleum Ministry exceed LE 12B

Thu, 24 May 2018 - 04:17 GMT

The source said that the accumulation of these debts represents a major challenge for the oil sector.

Public sector companies record profit of LE 8B in 9 months

Wed, 23 May 2018 - 12:20 GMT

The total debt of public sector companies to all parties amounts to LE 45 billion.

Governmental IPOs don’t face any obstacles: ministry

Tue, 20 Feb 2018 - 12:43 GMT

First Undersecretary of the Ministry of Public Enterprise Sector denied that the public sector business law hampers the governance of public business companies.

National projects create 745k jobs: Minister

Mon, 27 Nov 2017 - 11:43 GMT

The government is focusing on services and community projects, Hala el-Said noted.

Domestic need for sugar covered by local production, imports

Sat, 16 Sep 2017 - 03:31 GMT

Contracted sugar quantities are now being received by public sector companies for refinement and it will be sold on the market for LE 9.5 per kilo.

Bank clients to increase up to 10M in 5 yrs: official

Wed, 26 Jul 2017 - 11:22 GMT

The target comes as part of the government’s plan to pay the salaries of 7 million public sector employees and 7 million pensioners through the banking sector.

Eastern Co’s sales tax hits LE 42B in FY2016/17

Sun, 09 Jul 2017 - 03:43 GMT

Eastern Company has paid a total of LE 42 billion Eastern Company has paid a total of LE 42 billion ($2.3 billion) in sales tax to the Egyptian Tax Authority.

Sisi proposes plan to restructure struggling factories

Wed, 05 Jul 2017 - 02:47 GMT

Under the new financial plan, special attention will be given to factories manufacturing vital products.