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New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls VAT for key industries, and taxes white cement for the…
Inflation unexpectedly cools, putting rate-cut cycle back in play
The first fall in the headline rate in three months came despite a consensus that the war would continue to…
World Bank greenlights USD 1 bn in concessional financing
The World Bank Group approved USD 1 bn in concessional financing for Egypt under the second phase of its Growth…
EGX erases March war shock in April
☀️ Good morning, friends, and happy long weekend. It’s been a short-yet-packed week, and we’re grateful for the extra day…
Inflation eases in April + NTRA greenlights price hikes for select telecom packages
Good afternoon, friends, and congratulations on making it to the long weekend. First up, we’re tracing how the Bauhaus movement…
Non-oil PMI hits three-year low as input costs spike to early-2023 highs
The headline PMI reading fell for the fifth consecutive month by 1.4 points to 46.6 in April
FinMin targets EGP tns in new debt as it revises financing gap to EGP 4 tn
The new strategy aims to ease short-term pressure and expand funding sources
Edita secures EGP 500 mn loan to boost production capacity
This comes just weeks after the snackmaker secured EGP 600 mn in financing from Arab Bank Egypt
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