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Investment Ministry seeks independent legislation for economic zones
The Investment Ministry has contacted the Finance Ministry to put the special economic zones under the jurisdiction of the law of incentives and investment guarantees so these zones can enjoy their own legislation, executive director of the General Authority for Investment Mohamed Khodeir told Youm7 Friday.
Telecommunications ranks first at EGX last week
The telecommunications sector ranked first among the rest at the Egyptian Stock Exchange last week with a trade volume of 169.7 million shares worth 255.6 million EGP, followed by financial services sector.
Egypt for Adamantine Works finishes fiscal year with work volume of 750M EGP
Egypt for Adamantine Works will have made accomplished works worth 750 million EGP by the end of the 2015\2016 fiscal year, deputy head of the company Mohamed Hamza told Youm7 in a Friday report.
The company targets work volume of 850 million EGP in the next fiscal year, he said.
$1-billion UAE deposit to pay Egypt’s debts to arrive within days
The first tranche of the $2-billion UAE deposit will arrive in Egypt in days as part of its $2 billion deposit promised by the Gulf ally, allowing Egypt to pay foreign debts of $1.7 billion in July for Qatar ($1 billion) and Paris Club ($700 million,) a high-level Central Bank of Egypt source told Youm7 in a Friday report.]
Investor Complaint system to be activated
The Investor Complaints system will be activated before referring the cases to courts as part of a strategy to facilitate the work of investors in Egypt, executive director of the General Authority for Investment Mohamed Khodeir told Youm7 Thursday.