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Last Night’s Talk Shows on 8 March 2021
The talking heads had real estate taxes at the top of their agendas last night, after the Egyptian Tax Authority…
Earnings Watch- Alex Medical, Emaar Misr see net profit declines in 2020
The EGX30 rose 2.0% at today’s close on turnover of EGP 954 mn (35.3% below the 90-day average). Foreign investors…
Of tax breaks and loopholes
The loophole that gave tax breaks to state institutions investing in government debt is now officially closed after President Abdel…
TMG Holding income falls 11% in 2020
Talaat Moustafa Group’s (TMG) net income declined 11% in 2020 to EGP 1.7 bn, compared to EGP 1.9 bn a…
Egypt’s construction growth slowed in 2020, but steady recovery sees it outperforming regional peers
Egypt’s construction growth slowed in 2020, but recovery sees it outperforming regional peers: Egypt’s construction sector saw an overall pandemic-driven…
Real estate appraisal system to come into effect in January 2022
The Real Estate Tax Authority is currently surveying properties and preparing criteria based on which buildings will be valued starting…
House signs off on suspending Real Estate Registry Act
It’s official: Amendments to the Real Estate Registry Act will be suspended until 30 June 2023 after the House of…
What we’re tracking on 3 March 2021
Good morning, friends, and happy Wednesday — or as we like to call it here at Enterprise, almost-Thursday. THE BIG…
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