Wed, 22 May 2024
Africa's news in English
Cairo News

Egypt raises import taxes on luxury goods

The Egyptian government has increased import duties on 100 "unnecessary" goods as part of its ongoing efforts to revive the nation's ailing economy.   The decree sees tariffs raised by 5 to 40...
Cairo News

Egypt to sign IMF loan

Egypt plans to sign a loan agreement worth $3.2 billion with the International Monetary Fund (IMF), according to the country
Cairo News

Saudi Arabia lends Egypt $4 billion

Saudi Arabia has agreed to lend Egypt $4 billion in emergency funding. According to Egypt
Cairo News

Egypt still short of cooking gas

The shortage of butane gas continued into its fourth week in Egypt at the end of February with households in the poorer areas sometimes having to pay LE70 for a cylinder, or ambooba as it is called, t...
Cairo News

Egypt tax returns.

Egyptians could soon be able to file their tax returns through the state
Cairo News

Suez Canal revenue falls.

Revenue from the Suez Canal fell sharply in the last quarter of 2008 due to a combination of piracy in the waters off Somalia and the global economic downturn. Income from the international waterway l...
Cairo News

Egypt privatisation moves ahead.

The government has announced plans to give shares in state-owned companies to the public free of charge in order to reassure citizens about privatisation and include them in economic reform. It is s...
Cairo News

Egyptians protest against rising cost of living.

Tension is running high in Egypt after police and demonstrators clashed on 6 April during protests over the rising price of basic necessities including food. The epicentre of the disorder was the Ni...
Cairo News

China expands in Egypt.

China is to build an industrial zone in the Suez Bay at the southern end of the Suez canal. The so-called Egyptian-Chinese Zone for Economic Cooperation and Trade will be China
Cairo News

Morgan Stanley to open office in Egypt.

Leading international financial services company Morgan Stanley has said that it is seeking regulatory approval to open an office in Cairo in an attempt to consolidate its existing presence in North A...
Cairo News

Egypt motor of economic growth for Africa.

In 2006 Africa registered the highest economic growth in 20 years, at 5.5 per cent of gross domestic product (GDP), and this figure is set to increase to 6 per cent in 2007 according to a joint report...


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