FOOD SECURITY

InstaPay, Fawry in line for VAT exemptions under new draft law

Good morning, wonderful people and happy hump day. We have a meaty, debate-driven issue today, leading with news that the Industrial Development Authority (IDA) is asking parliament for an EGP 21 bn lifeline to service 17 industrial zones, but lawmakers are pushing back and demanding the authority self-finance instead. And something to cautiously watch, S&P…