Sin tax to support healthcare spending: The House of Representatives has approved a bill that will see EGP 0.40 of the VAT on each cigarette pack sold be directed towards healthcare, Aswat Masriya reported. Also yesterday: The Health Ministry has allocated EGP 8 bn to develop and renovate public hospitals over the next two years, Al Ahram reported Minister Ahmed Rady as saying during a meeting with President Abdel Fattah El Sisi on Monday.
More from Enterprise
CIB’s 3Q net income falls 17% y-o-y, 9M core earnings grow 18%
Here are the stories driving the day, both at home…
Africa’s own credit rating agency plans its first rating by March 2027, and our central bank has long backed it
Its early value lies in 22 sovereigns nobody rates, and…
EGX’s newest investors meet their first selloff
Heavy borrowing, margin calls, and looming repayments could make a…