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Egypt’s poverty rate falls for the first time in two decades
Egypt’s poverty rate decreased for the first time in 20 years in FY2019-2020, according to Capmas’ latest income and expenditure…
E-invoicing system gains steam with July ‘21 deadline for state entities
The public sector is getting an e-makeover with new requirements to register on the Tax Authority’s electronic invoicing system by…
World Bank to provide USD 500 mn loan to upgrade Imbaba-Alex railway
World Bank to provide USD 500 mn loan to upgrade Imbaba-Alex railway: The Transport Ministry reached an agreement with the…
Also on our radar on 2 December 2020
Misr Ins. Holding Company is considering expanding its portfolio to include financial leasing, factoring, and microfinance by acquiring existing entities…
Who’s in the market for debt?
Banque du Caire is getting USD 30 mn in tier-two capital under a financing agreement with German development bank KfW’s…
Also on our radar on 1 December 2020
Who said that Egypt’s renewables sector is (temporarily) on hold? Al Nowais is pushing ahead with its plans to build…
Time’s up for illegal building settlements
If your home is in violation of the building code, your time to settle is officially up: The government has…
What we’re tracking on 1 December 2020
Welcome to the month of December, friends. Longtime readers know we get maudlin as year-end approaches, and little makes us…
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