Government must continue crisis mitigation, economic reforms: Egyptian president

Sun, 06 Aug 2023 - 02:00 GMT

President Abdel Fatah al-Sisi held a meeting Sunday to learn about the updates of the country's economic performance which has been influenced by global challenges.

Egyptian president raises amount of tax-exempted annual income to LE36K

Sun, 19 Mar 2023 - 05:13 GMT

The decree came out during a meeting the president held Sunday to discuss the FY2023/2024 draft budget.

Egypt raises minimum, maximum social insurance subscription starting Jan. 2023

Mon, 28 Nov 2022 - 02:39 GMT

Awad underscored that the decision does not contravene the minimum wage.

Child marriage, overpopulation hindered sustainable development in Egypt: Study

Wed, 03 Aug 2022 - 11:39 GMT

These governorates are characterized by a number of cultural misconceptions that encouraged having many children.

Due to global economic crises: Egyptian president adds 1M families to monetary subsidies program, sanctions exceptional aid to 9M others

Tue, 26 Jul 2022 - 06:10 GMT

The president made two other instructions pertaining to social safety.

Egyptian government supports NGOs with LE5.4B to expand social safety umbrella for low-income families

Tue, 05 Jul 2022 - 11:49 GMT

The government has been making steps to reinforce the social safety network since the outbreak of the Russia-Ukraine War.

Planning min., IMF delegates discuss surveys of income, expenditure, labor

Tue, 25 May 2021 - 03:47 GMT

Saeed's remarks came during her videoconference meeting with representatives of the International Monetary Fund (IMF) to discuss results of surveys of income, expenditure, and labor, the Planning Ministry said in a statement.

Egypt expects $ 6B in tourism income during 2021-2022

Wed, 05 May 2021 - 04:04 GMT

El-Said added that the government expects to achieve $ 6 billion in the Suez Canal during 2021-2022, in addition to increasing foreign investment rates to $ 7.4 billion in the year of the plan.

Egypt's Human Development Index rises to become higher than Arab average

Sun, 27 Dec 2020 - 03:01 GMT

Egypt maintained the 116th rank out of 189 states.

Egypt's president reviews LE1B-initiatives targeted at low-income segments

Mon, 09 Nov 2020 - 10:54 GMT

President Abdel Fatah al-Sisi met on Sunday with his Advisor for Financial Affairs and Chairman of Tahya Misr Fund.

SuperJet achieves operating income worth LE 351M in past fiscal year - min.

Wed, 07 Oct 2020 - 10:38 GMT

Wazir's remarks came on Tuesday during his chairmanship of the company's general assembly meeting on reviewing its reports for the fiscal year that ended on December 31.

Egypt deducts 1% of salaries to face coronavirus

Thu, 21 May 2020 - 04:36 GMT

The Cabinet said, in a statement, that the law also included a deduction of 0.5 percent of the net income due from the pension of pensioners.

Banque Misr's proceeds from fixed-rate certificates hit LE 7.6B in 4 days

Thu, 26 Mar 2020 - 12:54 GMT

Etribi said these certificates will be available for several months and there is no need to be overcrowded at the bank's branches.

Sisi orders to increase workers' income, tax exemption limit

Sat, 14 Mar 2020 - 11:00 GMT

The President also directed increasing the tax exemption limit for those whose annual wage falls between LE 8,000 - 15,000.

Trade War: Threats and Opportunities

Sun, 07 Jul 2019 - 06:23 GMT

The world has been keeping a close eye on the trade war ignited by the United States that has set up barriers provoking retaliation by mainly China.

NGO to pay overdue social security taxes of irregular workers

Tue, 02 Jul 2019 - 11:28 GMT

The debts of eligible defaulters will be fully paid while the lawsuits against them will be dropped.

Companies in New York 'open' to new payroll tax system: state official

Sat, 06 Jan 2018 - 10:33 GMT

Companies in New York state are “open to the idea” of moving the state income tax code to a payroll tax system.

EETC, INCOME sign new cooperation agreement

Tue, 17 Oct 2017 - 11:49 GMT

Egypt’s electricity sector witnessed a surge in its investments year-on-year.

Bank ABC assets stand at $29B in H1

Tue, 25 Jul 2017 - 12:53 GMT

Bank ABC total assets stood at $29.2 billion at the end of H1 of 2017, compared to $30.1 billion in the same period of the previous year.

Egypt's poverty line to increase to LE 800 monthly per person

Sun, 23 Jul 2017 - 02:55 GMT

Egypt's poverty line will rise to LE 700 – LE 800 monthly per person in fiscal year 2017/18.