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Egypt to waive 100% of late fees on taxes, state dues repaid in full before waiver bill comes into effect
LEGISLATION WATCH- Cabinet expands forgiveness of late fees on taxes: The Madbouly Cabinet will drop 100% of interest payments and…
Real estate
Earnings Watch- HHD reports EGP 379.59 mn in profits in 9M2019-2020
EARNINGS WATCH- Heliopolis for Housing and Development (HHD) reported more than eight-fold y-o-y increase in its 9M2019-2020 topline to EGP…
Orascom and Bombardier break ground on USD 4.5 bn new capital-Nasr City monorail
Orascom, Bombardier, Arab Contractors begin construction of new capital-Nasr City monorail: Orascom Construction, Canada’s Bombardier Transportation, and Arab Contractors have…
State-owned Heliopolis for Housing and Development (HHD) reporteldy has a new board of directors
State-owned Heliopolis for Housing and Development (HHD) reporteldy has a new board of directors after the previous board resigned after…
NUCA’s EGP 4 bn securitized bond issuance named Africa securitization transaction of the year
The Banker names NUCA’s EGP 4 bn securitized bond issuance as Africa’s securitization transaction of the year: The Banker, a…
Ora Developers signs EGP 1 bn loan with Banque Misr to build ZED Sheikh Zayed with Orascom Construction
Orascom Construction has signed an agreement to build the first phase of ZED Sheikh Zayed with Ora Developers, who secured…
Raya plans EGP 640 mn securitized bond sale, CIB to manage offering
DEBT WATCH- Raya plans EGP 640 mn securitized bond sale, CIB to manage offering: Raya Holding is planning a new…
Cabinet approves bill waiving late fees on taxes
CABINET WATCH- Cabinet approves bill waiving late fees on income, real estate taxes, others: The Madbouly cabinet greenlit in a…
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