Good morning, folks: The domestic news cycle has slowed to a crawl as we reach the final hump day of November, but expect it to pick back up again next week as election season kicks into higher gear. PSA #1- Attention importers: You don’t have to settle your VAT dues in FX. Regulatory amendments that […]
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Hamas, Israel agree to two-day ceasefire extension
The truce will allow more hostages to be released and more aid to enter Gaza
Qalaa’s Egyptian Refining Company earmarks USD 150 mn to boost production
ERC is expected to log USD 3 bn in revenues this year
Chinese firms to secure USD 250 mn loan for Cairo light rail expansion
The funds will be used to install electrical and mechanical systems
Al Ahly Leasing and Factoring raises EGP 1.1 bn from securitized bond issuance
This is the first issuance in Al Ahly Securitization Company’s third securitization program
On the new VAT law, Hazem Omar’s presidential promises, and Gaza
No single story caught the attention of last night’s talking heads, who brought us coverage of the recent VAT changes, a one-on-one with one of the presidential candidates, and the extension of a ceasefire in Gaza. The new VAT law: Kelma Akhira’s Lamees El Hadidi heard from Egyptian Tax Authority chief Fayez El Daba’ani about […]
Napoleon’s Egypt campaign is still making headlines
Egypt’s efforts to extend the truce in Gaza are leading the conversation in the foreign press this morning, which we dive into in this morning’s War Watch, above. Also making headlines: #1- The mystery of the Sphinx’s missing nose: Ridley Scott’s Napoleon — currently in cinemas — has reopened the conversation on the French emperor’s […]