The executive regulations for the Investment Act are expected to be issued this week, Prime Minister Sherif Ismail had said. As we noted yesterday, the regs appear to be causing a recent a stir among companies operating in private freezones over additional fees they will be forced to pay, some of the fees are as high as 37.5% of total revenues.
Skip date night on Friday, as it’ll have to compete with the launch of the iPhone 8 and 8 plus in Egypt; season two of Stranger Things dropping on Netflix; and the release of the new Assassin’s Creed: Origins, which is set in Ancient Egypt.