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El Sisi ratifies pensions, wage increases for civil servants effective 1 July
President Abdel Fattah El Sisi has ratified a bill to increase pensions and salary increases for civil servants by 15%…
FRA relieves holding companies from shareholder structure rules
REGULATION WATCH- FRA grants holding companies exemption from some shareholder structure rules: The Financial Regulatory Authority (FRA) is exempting holding…
Egypt targets 1Q2020 Samurai, Panda bond issuances
EXCLUSIVE- Egypt may offer Samurai and Panda bonds in 1Q2020: The Finance Ministry is aiming to secure approvals from Asian…
Egypt’s ACA arrests banker, former journalist accused of embezzling EGP 25 mn
The Administrative Control Authority (ACA) has arrested a banker and a former journalist accused of embezzling EGP 25 mn from…
Administrative court overturns FRA decision against Acumen on Egypt Gas shares
DISPUTE WATCH- Administrative court overturns regulator’s decision to ban Acumen from buying Egypt Gas shares: The Council of State’s (Maglis…
Customs dispute with Mercedes-Benz importer cleared
EXCLUSIVE- Dispute between Customs Authority and Mercedes-Benz importer finally settled? An Egyptian importer of Mercedes-Benz vehicles has won an EGP…
Egypt grants Israel access to LNG plants after reaching gas settlement
Israeli gas could start flowing to Egypt’s LNG plants as soon as next month at an initial rate of 150…
Veon in final talks with the government over tax settlement
DISPUTE WATCH- Veon in final stages of talks with the government over EGP 2.2 bn tax settlement for GTH: Telecom…
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