Telecom Egypt set to launch mobile services in July

Telecom Egypt, the country's only fixed-line operator, has said it is ready to launch mobile services by July once the industry regulator awards it a mobile operating licence, Ahram has reported. The company, which is seeking to launch mobile...

Egypt sees property tax revenues at $388.5m

The Egyptian government expects to collect some EGP2.7bn ($388.5m) in revenues from property taxes imposed on 15 million units, Ahram has reported. Egyptian property owners will receive a note from the tax authority in July informing them of the...

Egypt's sukuk bill approved

Egyptian president Mohamed Morsi has approved a law allowing the state to issue Islamic bonds the government hopes will help revive its flagging finances, Reuters has reported. Regulations for using the law would be issued within three months,...

First Qatari LNG shipment to Egypt expected by end of month

Egyptian petroleum minister Osama Kamal has said the country will receive the first shipment of Qatari Liquefied Natural Gas (LNG) by the end of May, under a gas swap deal that includes the foreign companies extracting gas locally, Ahram has...