Category Archives: View on News
The Egyptian economy has tripled in size over the past 6 years: misleading statistics?
News Egypt’s Minister of Finance, Dr. Mohamed Maait, said that the size of the Egyptian economy has tripled in the past 6 years, which reflects the government’s success in directing development funds to real investments, as well as feasible projects and initiatives that contributed to improving financial performance indicators during the fiscal year ending June…
25.5% increase of trade between Egypt and Nile Basin countries in 2018
News The volume of trade between Egypt and the Nile Basin countries registered a remarkable increase in 2018, reaching about one billion and 872 million dollars, compared to one billion and 493 million dollars during 2017, an increase of 25.4 percent Comment Egypt is organically linked to Africa in general and the Nile Basin countries…
Lack of developers new cities a major reason for their lack of success?
News Engineer Abdel Mottaleb Amara, Vice President of the Urban Communities Authority for the Development of New Cities, said that the lack of success of the first and second generation cities implemented by the New Urban Communities Authority lies in the lack of real estate developers besides the state in constructing these cities. Comment The…
Plan to attract small and ambitious companies to the Nile Stock Exchange – How effective is it?
News Mohamed Farid, Chairman of the Egyptian Stock Exchange, said that the Stock Exchange’s management has prepared a database through transactions of companies over the counter, the Ministry of Investment and Misr for Central Clearing. He explained that this is aimed at targeting small companies that have ambitious growth plans through being publicly traded or…
Egypt’s population growth lowest in 10 years – Is it accurate?
News The Central Agency for Public Mobilization and Statistics (CAPMAS) announced the annual bulletin of births and deaths statistics for 2018. It noted that the rate of population increase in Egypt fell to its lowest level in 10 years, reaching 18.7 percent. Over the period 2009 to 2014, the rate of increase continued to rise…
The impact of taxing stock exchange transactions: comment on new decisions
News The Parliament officially approved the stamp tax on stock exchange transactions at 1.5 per thousand of the value of trading, after reviewing the report of the Joint Committee of the Plan and Budget Committee and the Bureau of the Economic Affairs Committee on a draft law submitted by the government to amend some of…
Is Egypt ready for the digital transformation? – Several technical issues should be considered
News Minister of Communications and Information Technology Amr Talaat said that Egypt is ready for digital transformation and that the Ministry has a plan to provide all government services in a digital form to citizens. Comment The Ministry of Communications and Information Technology (MCIT) is hard at work to support the digital transformation in Egypt…
The Ministry of Health agrees to raise the prices of 30 pharmaceutical drugs
News The Ministry of Health agreed on Tuesday to increase the prices of 30 pharmaceutical drugs from among the types that pharmaceutical companies requested an increase thereof over the coming period. Dr. Rasha Ziadeh, head of the Central Administration of Pharmaceutical Affairs, said in a television statement that the drugs whose prices increased are used…