Good morning, friends. We lead this morning with a new development in the Ras El Hekma saga, more whispers about the IMF package, and the announcement of an EGP 180 bn package of tax breaks and social support measures. ^^ Jump down to the news well if you’d like to get straight into it. Among […]
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Devaluation, the IMF package, and Ras El Hekma: Here’s what you need to know this morning
There’s a lot of chatter, but nothing concrete on any of those fronts
El Sisi announces EGP 180 bn package of wage hikes, pension increases, and tax breaks
The measures include a minimum wage hike for the public sector and a new income tax cut
Another round of ceasefire negotiations kicks off in Egypt today
The Israeli Prime Minister has insisted on continuing Israel’s war until “absolute victory” against Hamas.
The government’s fresh wage, pension hikes were talk of the town yesterday
The economy is back on the airwaves after President Abdel Fattah El Sisi unveiled an EGP 180 bn package of wage hikes, pension increases, and tax breaks. The story received coverage from Masaa DMC (watch, runtime: 7:34 and 4:56), Ala Masouleety (watch, runtime: 16:51), Yahduth Fi Masr (watch, runtime: 3:41), and Al Hayat Al Youm […]
Hong Kong’s InvestHK is setting up its regional HQs here. PLUS: News from Telecom Egypt, Air Arabia, Othaim
INVESTMENT- InvestHK to set up North Africa HQ in Egypt:InvestHK, the Hong Kong government’s company responsible for FDI, has launched a tender to select the company that will host its North Africa headquarters in Cairo, according to a statement. TELECOMS- Asia-Middle East subsea cable in the works: State-run Telecom Egypt has signed an MoU with […]