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E-receipt pilot starting 1 April
E-receipt system pilot to kick off in April: The Finance Ministry will launch its e-receipt system for B2C transactions this…
The state of Egypt’s coral reefs
What does the future hold for one of our most prized natural resources? Covering some 400 sq km off Egypt’s…
We made our Samurai bond debut + PHD closes its EGP 3.25 bn sukuk offering
Egypt successfully closed its maiden Samurai bond issuance, selling USD 500 mn (c.JPY 60 bn) of the JPY-denominated bonds in…
Edita bumps up pricing amid global commodities squeeze
INFLATION WATCH- Edita Food Industries has raised prices for some of its products by EGP 1-2, it said(pdf) yesterday. Products…
ADQ is buying … a lot
Abu Dhabi wealth fund ADQ is acquiring state-held stakes in Abu Qir Fertilizers, Mopco, and Alexandria Container & Cargo Handling,…
Charter flight incentives extended until October + contractors on state project get two-month buffer on late projects
Charter flights landing in Egypt will continue to receive cash subsidies from the government until the end of October after…
Cabinet approves austerity budget, trims GDP outlook
GDP forecast downgraded as cabinet signs off on 2022-2023 budget: Egypt has revised downwards its GDP forecast for FY 2022-2023,…
More than a spoonful sugar to help the medicine go down
Gov’t announces EGP 130 bn in tax incentives + brings forward social safety measures following rate hike and devaluation: Fresh…
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