2016 Timeline

2016
  • 09 January (Saturday)

    Three tourists stabbed in attack on a hotel in Hurghada.

  • 10 January (Sunday)

    House of Representatives convenes.

  • 21 January (Thursday)

    Chinese President Xi Jinping in Cairo.

  • 04 February (Thursday)

    Italy delegation ends visit as missing grad student reported murdered.

  • 04 February (Thursday)

    Agriculture Ministry okays ergot contamination in wheat shipments.

  • 07 February (Sunday)

    Water prices go up.

  • 8 March (Tuesday)

    Mobinil now officially Orange.

  • 14 March (Monday)

    EGP devalued by 14.5%, CBE sells at EGP 8.85 to the USD rate to banks.

  • 16 March (Wednesday)

    CBE sells USD to banks at EGP 8.78 to the USD.

  • 20 March (Sunday)

    CBE raises rates by 150 bps to 10.75% for deposit, 11.75% for lending.

  • 23 March (Wednesday)

    Cabinet reshuffle with 10 new ministers.

  • 27 March (Sunday)

    PM Sherif Ismail government presents agenda to House.

  • 28 March (Monday)

    El-Sisi sacks Central Auditing Organization Head Hisham Geneina.

  • 29 March (Tuesday)

    Egyptian man hijacks EgyptAir flight MS181, diverts it to Larnaca, Cyprus.

  • 02 April (Saturday)

    EGPC, Aramco ink five-year petroleum products supply agreement.

  • 07 April (Thursday)

    Saudi King Salman visit to Cairo, Tiran and Sanafir agreement signed.

  • 17 April (Sunday)

    French President Francois Hollande in town, EUR 1.8 bn agreements signed.

  • 19 May (Thursday)

    EgyptAir flight MS804 disappears off radars, crashes over Mediterranean.

  • 31 May (Tuesday)

    European Bank for Reconstruction and Development president in Cairo.

  • 07 June (Tuesday)

    Quarantine refuses to clear ergot-contaminated wheat shipments.

  • 16 June (Thursday)

    CBE raises rates by 100 bps to 11.75% deposit rate, 12.75% lending rate.

  • 28 June (Tuesday)

    House approves government FY16-17 draft budget.

  • 11 July (Monday)

    Agriculture Ministry directive to accept 0.05% ergot contamination in Gazette.

  • 25 July (Monday)

    Civil Service Act passes.

  • 30 July (Saturday)

    IMF delegation in Egypt.

  • 04 August (Thursday)

    Cabinet approves plans to borrow USD 3-5 bn in eurobond issuance.

  • 08 August (Monday)

    Electricity Ministry announces new electricity prices.

  • 11 August (Thursday)

    Egypt reaches USD 12 bn IMF staff-level agreement.

  • 20 August (Saturday)

    Egyptian strawberries might be linked to hepatitis A scare in Virginia.

  • 24 August (Wednesday)

    Egyptian cotton scandal in the US - and it’s India’s fault.

  • 25 August (Thursday)

    Supply Minister Khaled Hanafy resigns over wheat scandal.

  • 28 August (Sunday)

    Egypt bans wheat shipments contaminated with ergot again.

  • 29 August (Monday)

    House passes VAT Act.

  • 31 August (Wednesday)

    TE signs 4G.

  • 31 August (Wednesday)

    Egypt to import gas from Cyprus.

  • 31 August (Wednesday)

    Shell discovers Western Desert concession, could hold 500 bcf of gas.

  • 07 September (Wednesday)

    President El-Sisi ratifies VAT Act.

  • 16 September (Friday)

    Russia bans import of Egyptian agricultural products.

  • 21 September (Wednesday)

    Egypt reverses zero-tolerance for ergot.

  • 28 September (Wednesday)

    President El-Sisi ratifies Taxation Disputes Resolution Act.

  • 02 October (Sunday)

    Russia resumes imports of fruits and vegetables except potatoes.

  • 04 October (Tuesday)

    House passes Civil Service Act.

  • 07 October (Friday)

    No Aramco oil supply since 1 October, Egypt not notified of halt.

  • 09 October (Sunday)

    Saudis angry at Egypt vote for Security Council resolution on Syria.

  • 13 October (Thursday)

    Orange signs 4G.

  • 16 October (Sunday)

    Etisalat, Vodafone sign 4G.

  • 23 October (Sunday)

    Edita, Pepsi shut down production due to government sugar seizures.

  • 26 October (Wednesday)

    Edita gets its sugar back.

  • 28 October (Friday)

    Feed-in tariff phase two starts, list of phase one companies announced.

  • 01 November (Tuesday)

    Supreme Investment Council adopts 17 pro-investment policies.

  • 03 November (Thursday)

    CBE floats the EGP.

  • 04 November (Friday)

    Fuel subsidies cut, petrol prices rise.

  • 11 November (Friday)

    IMF bailout approved.

  • 29 November (Tuesday)

    CBE allows profit repatriation.

  • 01 December (Thursday)

    Presidential decree raises custom duties on 350+ imported goods.

  • 06 December (Tuesday)

    Egypt signs currency swap agreement with China.

  • 11 December (Sunday)

    Explosion inside St. Peter and St. Paul Church in Cairo.

  • 14 December (Wednesday)

    CBE issues new measures governing mobile payments.

  • 15 December (Thursday)

    House gives preliminary approval to Natural Gas Act.

  • 17 December (Saturday)

    Finance Ministry completes VAT executive regulation drafting.

  • 20 December (Tuesday)

    VAT executive regulations draft leaked

2017

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