Egypt’s Parliament approves rises in wage, incentives

Sun, 19 Mar 2023 - 05:26 GMT

President Sisi instructed raising the salaries of public employees with the monthly minimum of the raise being LE1,000. Further, the minimum wage for public employees will be LE3,500, while that of master’s and PhD holders at public institutions will be LE6,000 and LE7,000, respectively.

President Sisi directs to allocate incentives to outstanding students of Digital Egypt Cubs program

Mon, 12 Sep 2022 - 06:57 GMT

The Minister of Communications offered an overview of work progress in a number of projects which are currently being implemented in the communications and information technology sector.

GAFI launches many incentives to attract more foreign investments to Egypt

Tue, 21 Jun 2022 - 12:29 GMT

The investment investments include facilitating the procedures for investors to obtain the lands needed to implement their projects, and setting time plans for the implementation of projects.

Egypt’s industrial sector achieves highest rate of exports in years, reaching $32 bln: Minister

Mon, 30 May 2022 - 11:24 GMT

Egypt, Jordan and UAE have signed the Integrated Partnership Initiative for economic development through the good use of the capabilities of the three countries.

Egypt's Sisi directs to grant farmers additional import incentives to supply larger quantities of wheat

Sun, 13 Mar 2022 - 07:51 GMT

Due to the military escalation in Ukraine by Russian troops wheat supply to Egypt has been affected and caused an increase of the price of the unsubsidized bread by 25 piasters per a loaf.

Egypt’s president urges allocating incentives to encourage old cars replacement with others running on natural gas

Thu, 10 Dec 2020 - 06:19 GMT

El-Sisi ordered organizing a comprehensive exhibition to support the national program in this regard and inviting big international companies manufacturing cars.

GAFI head announces fresh incentives for projects

Thu, 09 Apr 2020 - 04:45 GMT

Under the new measures, the GAFI projects will be allowed to sell up to 50 percent of their products at the local markets for six months.

Egypt offers incentives over charging mobiles electronically

Fri, 20 Mar 2020 - 08:19 GMT

This will occur through giving 30 times the balance charged worth of minutes and free units when using this feature.

Brazilian trade delegation to visit Egypt next week

Tue, 10 Apr 2018 - 02:58 GMT

A Brazilian trade delegation will arrive in Cairo next week to discuss ways of boosting commercial relations between Egypt and Brazil.

New investments jump 337% in March

Sun, 08 Apr 2018 - 04:32 GMT

New investments in March 2018 jumped 337 percent year-on-year to stand at LE 8.3 billion, the Investment Ministry said in a monthly bulletin on Sunday.

China’s SAIC Motor to open car manufacturing factory in Egypt

Sun, 25 Mar 2018 - 10:36 GMT

Chinese car maker SAIC Motor is studying setting up a factory for car manufacturing in Egypt, Trade Minister Tarek Kabil said Sunday.

India plans to boost tourism, travel in annual budget: sources

Sat, 06 Jan 2018 - 11:29 GMT

India is planning to cut taxes on travel and tourism in next month’s federal budget and give more incentives to the $210 billion sector, government sources said.

Absence of market map hampers SMEs development

Sat, 29 Jul 2017 - 02:56 GMT

The main problem facing small- and medium-sized enterprises (SMEs) in Egypt is the absence of a map that defines the market’s demands.

Investors to receive tax exemption up to 70% from investment cost

Thu, 04 May 2017 - 07:20 GMT

Investors will now be able to receive tax exemptions at three different rates: 30 percent, 40 percent and 70 percent, of their investment cost,