Export councils are planning to submit a request to the House of Representatives asking that they lobby the government to raise the allocated amount to export subsidies in the state budget to around EGP 5-6 bn from a current EGP 2.6 bn, Chemical and Fertilizers Export Council Chairman Khaled Abul Makarem, tells Al Borsa.
More from Enterprise
AI in Egyptian banking is “in its infancy,” and the pause is deliberate
Bankers say the rules aren’t written yet. Data center builders…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…