• Tuesday, 6 April 2021

    Operation tax + spend

    Higher tax revenues will be used to subsidize increased government spending in the coming fiscal year, Finance Minister Mohamed Maait said yesterday. The Finance Ministry expects tax receipts to grow 11-12% in FY2020-2021, which will allow the government to pay...
  • Monday, 5 April 2021

    Hit the road, Jack.

    The dual-fuel vehicles being delivered in the pilot phase of the government’s natgas transition plan are now on the road after Prime Minister Mostafa Madbouly handed over the keys to their new owners in a ceremony last night, the cabinet...
  • Thursday, 21 January 2021

    What we’re tracking on 21 January 2021

    Good morning, friends. We’ve made it through another workweek together, and our rewards are two-fold: A big news day here at home and abroad — and confirmation that we’re off Thursday-Saturday next week.LOTS OF NEWS here at home: FAB is...
  • Wednesday, 20 January 2021

    2020 was a surprisingly good year for our non-oil trade balance

    A slowdown in imports during the pandemic helped narrow Egypt’s non-oil trade deficit by 17% y-o-y in 2020, falling to USD 38.3 bn in 2020 from USD 46.2 bn in 2019, Trade Minister Nevine Gamea said in a statement. Non-oil...
  • Wednesday, 6 January 2021

    Abdel Raouf Farouk Ahmed appointed ICA head

    Abdel Raouf Farouk Ahmed has been appointed head of the Trade Ministry’s Industrial Control Authority (ICA), Youm7 reports.
  • Tuesday, 5 January 2021

    Meet our green(er) future

    The Central Bank of Egypt (CBE) has launched a multi-bn EGP program to encourage car owners to outfit their vehicles with dual-fuel engines under the government’s natural gas transition plan, Governor Tarek Amer said, according to Al Shorouk. Announced yesterday...
  • Wednesday, 30 December 2020

    Last Night’s Talk Shows on 30 December 2020

    It was a mixed bag of nuts on the airwaves last night, with no single story — aside from covid-19 warnings and updates — leading the conversation.The Great Natural Gas Transition Plan will officially kick off at the beginning of...
  • Monday, 21 December 2020

    Automotive-focused fund?

    The automotive industry could be getting a boost from a fund the government is mulling to encourage local manufacturing, especially automotive components and vehicle assembly, said Trade Minister Nevine Gamea, according to a cabinet statement. The fund would also support...
  • Monday, 14 December 2020

    Last Night’s Talk Shows on 14 December 2020

    It was another night of covid-19 and the rollout of vaccines leading the conversation on the airwaves. Egypt is now nearing the peak of its second wave of infections, so keep wearing your masks and adhering to social distancing measures,...

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