“The value of the debt was LE 44 billion in 2018, including electricity, petroleum, solidarity and other parties. A settlement has been made with all parties, and only taxes remain,” Tawfik added.
This came during a workshop organized by the Stock Exchange in coordination with the European Bank and the Federation of Eurasian Stock Exchanges, to familiarize companies with the requirements for registration
El-Saeed clarified that there are a number of companies owned by the armed forces out of these companies.
11 mining companies won a gold ore exploration bid on an area of about 170 km2 in the Eastern Desert and the Red Sea.
The list includes securities that may be written off in the event that they do not comply with the rules of registration and disclosure, or that intend voluntary delisting, EGX clarified.
Borisenko confirmed that Russian companies are interested in enhancing cooperation with Egyptian businessmen in the local market, which he described as very attractive for investment.
These meetings aim to promote economic relations between Egypt and France amid the current difficult circumstances and efforts to combat COVID-19 epidemic.
Abdel Wahab was reviewing a report with Prime Minister Mostafa Madbouli, saying that 1,672 companies had been established in June compared to 1,449 companies in the same period in 2019.
The Egyptian government approved on Tuesday the executive plans for implementing the six-month initiative to encourage buying local products.
Cooperation deals were signed with Chile, Somalia, Equatorial Guinea and the US Trade and Development Agency
The new system aims to select companies, offer advantages and provide technical consultations.
Minister of Public Business Sector Hesham Tawfik said that the companies are working in many fields.
Nasr added that these amendments will have a positive effect, especially as some of the expected expansions are larger in size and value than projects already in place.
Egypt’s State Council is finalizing the revision of a draft law enhancing integrity and transparency at companies, said the deputy head of State Council.
The meetings took place during EGYPS 2019 Expo, said a statement by his ministry.
State-run Administrative Capital for Urban Development decided that foreign companies will manage and operate services inside the New Administrative Capital.
The minister clarified that the number of established companies reached 20,000 firms, with an increase of 29.1 percent compared to previous year.
Executive Director of the Council Maha Saleh affirmed that Automechanika is considered one of the world's biggest exhibitions for the automotive sector.
Mona Zobaa said GAFI launched a nationwide survey to follow up the statuses of the projects being conducted and highlight the hardships they are facing to overcome.
The minister added that debts to foreign companies are set to be fully paid by the end of 2019, hoping to pay them sooner.