#personal finances
First ever transfer fees announced by state-owned Instapay
Transfers made through the app will incur a 0.1 percent fee, with a maximum cap of LE20 in fees per
3 دقيقة قراءة
تصنيف
Economy
754
منشور في هذا التصنيف
#labor law
Helwan University administration seeks to downgrade contracts of over 300 employees
The new contracts offered to them would reclassify them as daily wage laborers, stripping them of
4 دقيقة قراءة
Economy
Ration card holders still waiting for Ramadan grant
Halfway through Ramadan, ration card holders across Egypt are still waiting for the exceptional grant announced by Finance Minister Ahmed Kouchouk in…
2 دقيقة قراءة
#Social Solidarity Ministry
Promised Ramadan grant missing from state support pensions under Takaful and Karama
A prominent official at the Social Solidarity Ministry, which oversees the program, told Mada Masr
2 دقيقة قراءة
#labor law
State water bill collectors in Qalyubiya suspend protest after company promises to meet demands
On Wednesday morning, workers’ representatives met with company chair
7 دقيقة قراءة
#IMF
Maiet confirms IMF to grant Egypt $1.3 bn in additional financing
The International Monetary Fund approved an additional US$1.3 billion in financing for Egypt, IMF official and former Egyptian Finance Minister Mohamed Maiet…
3 دقيقة قراءة
#bread subsidies
Egypt launches program to fortify subsidized bread against iron deficiency
A source in the Supply Ministry said that the fortified bread will be distributed in 13 governorates
2 دقيقة قراءة
#labor
No state support for Ramadan? Irregular workers still wait for grants
Though the cost of living often shoots up during Ramadan, several irregular workers told Mada Masr that they have yet to receive…
4 دقيقة قراءة
#rice exports
Rice export ban for everyone but Argany
In early February, the Egyptian Customs Authority renewed its ban on rice exports, which has been in place for over eight years per the given rationale that it will help…
Mada Masr
11 دقيقة قراءة
#auto industry
Egypt’s auto market: From liberalization to iron-grip monopolies
The government’s policies and the erratic execution of its decisions have fueled frustration
Sara Seif Eddin
12 دقيقة قراءة
#IMF
IMF spokesperson says board to consider more Egypt financing, asserting ‘no connection’ to developments in Gaza
Cairo is already waiting for the transfer of $1.2 billion from the IMF
4 دقيقة قراءة
#budgets
Govt committee recommends restructuring economic authorities to align with IMF recommendations, better track debt
The recommendation is just one part of a multi-phase review that kicked off in May.
3 دقيقة قراءة
#foreign investment
Sources: Hot money exits from govt debt markets in waves amid expectation of devaluation
Yields on one of the Egyptian government’s primary debt instruments hit record levels on Sunday.
4 دقيقة قراءة
#IMF
IMF concludes Cairo visit without concluding review, noting ‘fiscal pressure’ of refugees, geopolitical tensions
Completing the fourth review is critical for Egypt to access a US$1.3 billion tranche
3 دقيقة قراءة
#petroleum
Competition regulator approves ADQ’s acquisition of stakes in 3 state-owned petroleum companies
The Egyptian Competition Authority (ECA) approved on Monday Abu Dhabi Development Holding Company (ADQ)’s acquisition of large stakes in three Egyptian petroleum…
4 دقيقة قراءة
#worker strikes
Egyptalum workers strike to protest profit-share reduction
Workers at the state-owned Egyptian Aluminum Company in Qena began a partial strike on Tuesday to protest the company’s decision to reduce…
4 دقيقة قراءة
#subsidies
More cash support, less in-kind subsidies likely outcome of National Dialogue sessions next week
The National Dialogue is preparing for discussions next week on the transition from in-kind subsidies to cash-based government support. The government has…
9 دقيقة قراءة
#price hikes
Govt increases cooking gas prices, prompting new inflationary spike
In a Sunday decision, the government increased prices for household cooking gas canisters, effective Wednesday morning, to LE150 for a 12.5 kg…
2 دقيقة قراءة
#gas imports
Sources: Govt receivables to foreign gas companies to reach US$5.5 bn by end of September
The government currently owes $5 billion in arrears to foreign energy companies producing gas,
3 دقيقة قراءة
#agriculture
Egg traders confronted with price-fixing lawsuit by state competition agency
The state accused 21 egg producers of price-fixing and complicity in “the suffering of citizens.”
4 دقيقة قراءة
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