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Real estate players chime in with proposals for the real-estate-for-FX scheme
Real estate players have come up with a host of proposals and incentives designed to attract expats and foreigners towards…
Aton Resources to start producing gold in Egypt in 2025. PLUS: FX crunch hits Ezz Steel
Aton has struck gold in its Marawat concession in the Eastern Desert, where it has been prospecting since 2010
Charge in FX, pay VAT in FX. No exceptions.
The ministry introduced new rules last month requiring businesses pricing goods and services in hard currency to settle VAT in…
THIS EVENING: Businesses with FX-priced business must settle their VAT only in FX + Inflation eases again in November
Good afternoon, friends and welcome to another workweek. As polls open for the first day in the presidential elections, the…
FX reserves flat in November
FX reserves have added USD 2 bn in the last fifteen months
We’re in talks with the IMF for a bigger package
An IMF spokesperson described the need for more financing as “critical” due to the war in Gaza
THIS EVENING: Our net foreign reserves inch higher again
Good afternoon friends, and HAPPY THURSDAY. The week has finally winded down but not without a heavy cycle of news…
Private-sector optimism hits record low on inflation, currency woes
Activity in country’s non-oil private sector has now been in contraction for the past three years
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