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Two golden licenses awarded and more from the cabinet’s weekly meeting
PLUS- The cabinet approved a draft presidential decree to form the Supreme Council for Planning and Sustainable Development
Madbouly gov’t wants its sovereign wealth fund to take charge of state-owned enterprises
The plan involves moving state-owned companies in batches to the SFE, with an eye toward maximizing the return on state…
FinMin to reduce penalties for late tax payments by up to 90%
A number of tax facilities that have to do with SMEs, simplifying tax procedures, and settling disputes will take effect…
Housing Ministry sees USD 2.5 mn in deposits within 48 hours of launching Your Home in Egypt initiative
The highest level of demand came from Egyptians residing in KSA, UAE, and Bahrain
Egypt to complete EGP 2-3 bn sukuk issuance within a month
The issuance will be Egypt’s second-ever sukuk issuance and the first to be EGP-denominated
Egypt is getting Cypriot gas for liquidation and re-export
The agreements involves Cyprus’ Aphrodite and Cronos fields
Gov’t set to pay USD 1 bn in arrears to foreign energy firms next month
The government plans to settle all its foreign energy dues by year-end
Emaar to invest EGP 100 bn setting up New Mivida
PLUS- Concrete Plus to develop commercial project in 6th of October
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