Amir Heidar

Former PM: Tunisia uprising will negatively impact Egyptian remittances
Business

Former PM: Tunisia uprising will negatively impact Egyptian remittances

Political fallout from Tunisia's ongoing popular uprising threatens to negatively affect the remittances coming into the country from Egyptians working…
Egyptian market anticipates custom cuts on EU cars
Egypt

Egyptian market anticipates custom cuts on EU cars

The local automotive market is expecting a 10 percent cut in custom duties on cars imported from Europe starting in…
CBE: Overseas investment by Egyptian banks decline sharply
Business

CBE: Overseas investment by Egyptian banks decline sharply

Overseas investment made by Egyptian banks dwindled in the first half of 2010 by nearly 22.7 percent, with a nearly…
NDP official: Energy subsidy reductions still subject to debate
Business

NDP official: Energy subsidy reductions still subject to debate

The notion of lifting subsidies on energy products remains subject to discussion and debate among representatives of various ministries within…
Finance mulls duties on car guarantees
Business

Finance mulls duties on car guarantees

The Finance Ministry is thinking about levying customs duties on imported car guarantees, according to sources at the automobiles department…
Cabinet approves new real estate finance law
Business

Cabinet approves new real estate finance law

Egypt's Minister of Investment Mahmoud Mohie Eddin announced the cabinet's approval of a new bill on real estate finance to…
Auto industry makes tentative recovery
Business

Auto industry makes tentative recovery

The local automobile market began to pick up in the past few weeks after being badly bruised by the global…
EBA founds Nile Basin investment company
Business

EBA founds Nile Basin investment company

The Egyptian Businessmen's Association (EBA) recently established the Egyptian-African Company for Investment and Development, which aims to support private-sector investment…
Global gold demand jumps, local demand wanes
Business

Global gold demand jumps, local demand wanes

As the dollar retreated against the euro, the price of gold has increased internationally, reaching US$1100 per ounce, and raising…
TE acquires full stake in TE Data
Business

TE acquires full stake in TE Data

Telecom Egypt (TE) now owns a full 100% of Internet provider TE Data after buying the last five percent of…
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