Telecom Egypt to offer 10% bonus, pay hikes in 2018
Telecom Egypt’s board approved a decision to grant its employees a 10% bonus of base salary in 2018,…
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approve
Egypt’s Sinai Cement board approves capital rise to 1.3 bln pounds
Egyptian Sinai Cement Company’s board has approved Monday to increase the company’s issued capital to one billion…
China approves importing Egyptian grapes: minister
Egypt’s Minister of Trade and Industry Tarek Kabil, said Friday said that China has approved to import the…
Cabinet approves bankruptcy draft law
During its weekly meeting on Wednesday the cabinet approved the bankruptcy draft law, which aims to reduce…
Parliamentary committee approves tougher penalties for sexual harassment
An Egyptian legislative parliamentary committee approved on Monday a draft bill pushing for tougher penalties on…
CBE issues new regulations for mobile payment services
The Central Bank of Egypt’s (CBE) board of directors approved a new version of the regulations for mobile payment…
Egypt to form SMEs Development Authority
The cabinet approved a draft resolution submitted by Minister of Trade and Industry Tarek Qabil on Thursday for the…
Planning and Budget Committee approves amendments on Article 120 on taxes
The parliament’s Planning and Budget Committee approved amending Article 120 of Law No.91 of 2005, which is related…
Qarun Petroleum: $257m-investments to drill 12 wells during Egypt’s FY2016/17
Egypt-based Qarun Petroleum Company approved Thursday new investments of US$257 million among its budget for…
Damietta Furniture City phase I to cost $62.7m
The Board of Directors (BoD) of Damietta Furniture City Company approved Saturday the estimate cost of the first…
Parliament extends state of emergency in Sinai for 3 more months
Egypt's parliament has approved on Monday a presidential decree to extend the state of emergency in designated…
IMF chief to urge board approve $12b Egypt loan
International Monetary Fund (IMF) managing director Christine Lagarde said she would recommend the fund’s board…
Parliament approves law moving Agriculture Bank under CBE’s authority
The Egyptian parliament approved a law that would oversee the transfer of authority over the Principal Bank for…
Egypt’s Parliament officially approves Illegal Immigration Law
Parliament approved on Monday the final draft of the government’s Illegal Immigration Law after failing last week…
Parliament names former Maj Gen as new supply minister
Egypt's parliament approved on Tuesday the appointment of Major General Mohamed Ali El-Sheikh as supply minister…
Cleopatra Hospital’s board approves 47% acquisition of Cairo Hospital
Cleopatra Hospital Company (CLHO.CA) announced that its Board of Directors approved the appointment of EFG Hermes…
Parliament endorses Japan’s JICA $111mn-loan for Hurghada solar plant
Egyptian parliament approved Tuesday the presidential decree no. 285 for 2016 in regards to a 11.2 billion yen…
Turkish parliament approves normalising ties with Israel
The Turkish parliament approved a deal to normalise ties with Israel after a delay caused by last month's attempted…
Trade ministry approves new rules of Egypt’s export support programme
Egyptian Export Support Development Fund approved seven axes of state's export support programme that were…
Egypt bars police from talking to the media
Egypt's parliament on Tuesday approved restrictions on the police that will prevent them from providing information…
Parliament of Egypt agrees on jailing black market currency dealers
Egypt's parliament approved on Tuesday a cabinet bill allowing the government to prosecute and jail sellers of…
Cabinet approves draft law regulating one-person companies in Egypt
Egyptian Cabinet approves a draft law that allows individuals to launch one-person companies with no need for more…
Greece’s EU/IMF lenders approve further easing of capital controls
Greece's international lenders have approved the further easing of capital controls imposed by Athens last summer,…
China approves first asset appraisal law
China's legislators have approved the nation's first asset appraisal laws in an attempt to standardize an unruly…
U.S. regulator approves IEX as national stock exchange
The U.S. Securities and Exchange Commission has approved alternative trading group IEX Group Inc's request to…
New industrial zone to be built for Egyptian businessmen in Uganda- minister
Ugandan government approved allocating industrial zone for Egyptian investors there to facilitate setting up joint…
Iraq says IMF deal ‘on track’ as cabinet approves reform package
Iraq has approved measures requested by the International Monetary Fund to unlock loans that should help the…
Top economic council approves Saudi reform plan
Saudi Arabia's National Transformation Plan, a pivotal element of the "Vision 2030" reforms announced in April…
Tourism Development Authority approves 4 projects in Egypt’s North Coast
Egyptian Tourism Development Authority (TDA) approved executing four touristic developmental projects on spaces of…
EU approves new €500mn-aids programme for Egypt – trade minister
The European Union has approved new aids programme for Egypt estimated at €500 million to be presented to the…
Marriott, Starwood Hotels deal approved
Starwood Hotels & Resorts Worldwide Inc (HOT.N) and Marriott International Inc (MAR.O) said on Friday the…
Cabinet endorses $482mn-Japanese loan for Giza Grand Museum
Egyptian Cabinet approved Wednesday the request of heritage ministry to receive soft loan estimated at US$482…
Cabinet endorses $439mn to deliver natural gas to 1.2M homes in Egypt
Egyptian economic ministerial committee -headed by Premier Sherif Ismail- approved Monday providing 3.9 billion…
Sawiris’ Beltone Financial acquires Arab Finance for $2.6mn
The board of directors of Beltone Financial Holdings (BFH) approved the 100% acquisition of Arab Finance for 23…
Congress’ Judiciary Committee votes on labeling Muslim Brotherhood a terror group
The Republican-led House Judiciary Committee has approved legislation calling on the U.S. State Department to label…
Egypt’s Nasser Social Bank plans long-term investments worth $766mn
Egypt's Nasser Social Bank is targeting a long-term investments estimated at 6 billion Egyptian pounds (US$766…
BREAKING : CIB sells CI Capital to Sawiris’ Orascom Telecom for $128mn
Egyptian Commercial International Bank (CIB) has agreed Thursday on Orascom Telecom and Media Technology's offer…
Greek parliament approves austere budget for 2016
The Greek parliament approved a 2016 budget featuring sharp cuts in spending and some tax increases to satisfy the…
Cabinet endorses $669mn to finish phase 4 of Cairo Metro-line 3
The Egyptian Cabinet approved Tuesday the final value to complete the second part of the fourth phase of Cairo…
Ford union workers ratify new four-year U.S. labor pact
Ford Motor Co's U.S. union workers narrowly approved a four-year labor contract after a late push for support by…