Egypt comments on the amendment of “Standard & Poor’s” outlook for its economy
Egypt’s Finance Minister, Mohamed Maait, confirmed that his country will implement a package of financial, monetary and structural measures to deal with the concerns that prompted Standard & Poor’s to adjust the outlook for Egypt’s economy to negative. The minister stated that Standard & Poor’s decision to keep Egypt’s credit rating in both local and […]
Read MoreCooperation between Industrial Development, UNIDO and Ain Shams University to develop industrial zones
Engineer Mohamed Abdel Karim, Chairman of the Industrial Development Authority, held a meeting with Ahmed Rizk, Acting Director of the Office of the United Nations Industrial Development Organization “UNIDO” in Egypt, and Prof. Dr. Yemen Al Hamaki, Professor of Economics at Ain Shams University, to discuss joint cooperation with the aim of strengthening capabilities The […]
Read MorePutting effective risk management systems on top of the obligations of banks in accordance with the law
Law No. 194 of 2020 issuing the Central Bank and Banking System Law aims to raise the level of performance of the banking system, modernize and develop it, and support its competitive capabilities, in a way that qualifies it for global competition, to enhance the governance and independence of the Central Bank in a way […]
Read MoreHow does the new nationality law support investment for investment?
A draft law submitted by the government came to amend some provisions of Law No. 26 of 1975 regarding the Egyptian nationality, in implementation of the ruling of the Constitutional Court, which ruled that the text of the second paragraph of Article (6) was unconstitutional, as it included limiting the right to acquire the Egyptian […]
Read More10 information about the development of investor services in the Industrial Development Authority
The Public Authority for Industrial Development is preparing to end work with paper-based correspondences soon and link electronically between the authority’s departments, as part of a major project to develop the authority’s performance to improve the services provided to investors, as electronic scans of nearly 18 million documented assets were conducted to preserve them digitally. […]
Read MoreEstablishing technological zones in the information and communication industry in accordance with the investment law
Investment Law No. 72 of 2017 confirmed the issuance of the investment law according to the latest amendment issued on July 31, 2019, that it allows the establishment of technology zones in the “information and communication industry”. Article 32 of the law stipulates: “The prime minister may, based on a proposal by the authority’s board […]
Read MoreThe law requires placing 10 data on commodities as a condition for selling them.. Get to know them
Article (6) of the Executive Regulations of the Consumer Protection Law promulgated by Law No. 181 of 2018 specifies the data that the supplier is obligated to put on the goods, as follows: 1 – The name of the commodity. 2 – Country of origin. 3- The name, trade name, address and trade mark of […]
Read MoreStock market news today
The news of the Egyptian Stock Exchange varied during today’s trading session, Wednesday 3-15-2023, the most prominent of which came the end of the Egyptian Stock Exchange, the trading of today’s session, Wednesday, with a sharp decline in indicators due to the sales pressures of Egyptian individual dealers, amid trading close to 2 billion pounds, […]
Read MoreObligations on the industrial waste management free zones.. Read the details
Law No. 202 of 2020 aims to issue a law regulating waste management, to eliminate the problem of garbage and waste, by establishing an apparatus concerned with organizing and managing waste, following up and monitoring all operations related to waste management at the central and local levels, in order to improve the service of environmentally […]
Read MoreThe Tax Authority provides all facilities to overcome obstacles to joining the electronic bill system
Mukhtar Tawfiq, Head of the Egyptian Tax Authority, said that the Egyptian Tax Authority is working to make every effort and provide all facilities and technical support to the taxpayers who are obliged to join the electronic bill system, and this comes as the Tax Authority continues to communicate with the various institutions of the […]
Read More