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No real estate tax exemption for industry, but maybe a rate cut
Factories will not be getting the real estate tax exemption they have been vying for, but could instead see a…
Sign of the times for cement
Suez Cement is going to go private after trying to buy out as many minority shareholders as possible. Shareholders sold…
Also on our radar on 22 December 2020
TE, Orange Egypt clear up commercial disputes + extend cooperation on transmission services: State-owned landline monopoly Telecom Egypt signed agreements…
Automotive-focused fund?
The automotive industry could be getting a boost from a fund the government is mulling to encourage local manufacturing, especially…
Also on our radar on 20 December 2020
Egypt needs to cancel dutyfree access for imported cars if it wants to encourage domestic car assembly and become a…
LaFarge chief on how to save his industry
It’s going to take more than just lower natural gas prices to uplift Egypt’s ailing cement industry, LaFarge Egypt CEO…
Ezz Steel losses narrow to EGP 1.3 bn in 3Q2020
Ezz Steel reported consolidated net losses of EGP 1.34 bn in 3Q2020, narrowing losses from EGP 1.85 bn in 3Q2019,…
HDB 9M NP down 4%, Al Ezz Dekheila Steel losses grow
The Housing and Development Bank’s (HDB) consolidated NP fell 3.3% y-o-y in 9M2020, to EGP 1.66 bn from EGP 1.71…
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