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Six int’l companies bid for Kom Ombo solar power tender
Six international companies have submitted bids in the tender to consult on the construction of a EGP 1.4 bn, 50…
Madinet Nasr net profit flat in 9M2020
EARNINGS WATCH- Madinet Nasr Housing & Development’s (MNHD) net profit was flat during 9M2020, falling marginally to EGP 629 mn…
Universities to act as urban planning consultants, issue construction licenses in Cairo, Alexandria and Giza
The government is banking on academic expertise in its push for better urban planning: Universities will serve as consultants to…
Who’s in the market for debt? Vetopharm Int’l + EDB
Vetopharm International has obtained a EGP 650 mn syndicated loan from local banks to finance a new production facility in…
Unified Tax Act amendments, teacher salary hikes receive final House approval
LEGISLATION WATCH- House passes tax code amendments that impose tough penalties on late filers: The House of Representatives has passed…
Amr Mahfouz appointed ITIDA CEO
MOVES- Amr Mohamed Mahfouz (LinkedIn) has been appointed CEO of the Information Technology Industry Development Authority (better known as ITIDA)…
Egypt submits ratification of anti-tax avoidance agreement to OECD
Egypt has submitted its ratification of an international agreement to crack down on tax avoidance to the Organization for Economic…
Diplomacy + Foreign Trade on 28 October 2020
The biggest diplomacy story of the day: Egypt, Ethiopia, and Sudan could have a draft agreement on filling and operating…
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