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AI + Innovation (MENA) 
Infrastructure 
Local auto assemblers could be exempt from development fees
Good afternoon, friends, and welcome to the end of a condensed workweek. Today’s issue takes a look at the future…
Sugar, training services to lose VAT exemption under FinMin plan
Next fiscal year’s budget expects taxing sugar to bring in some EGP 443 mn
Moroccan outsourcing player Intelcia inaugurates a new regional HQ in Egypt
The move comes less than two years after the outsourcing multinational entered the Egyptian market
B Laban’s reopens in Saudi Arabia, and could follow suit in Egypt if it mends health and regulatory lapses
B Laban back in business — in Saudi, at least. Homegrown dessert chain B Laban is officially resuming operations in…
Gov’t working to replace long list of fees, charges with single unified additional tax on net income
A new unified tax system and a digital platform will be introduced to reduce fees and speed up customs clearance
Next fiscal year’s General Government Budget pencils in revenues hitting EGP 7.9 tn
Expenditures are also set to rise, with government spending in the budget coming in at EGP 9.1 tn
Madbouly government boosts international debt program to USD 8 bn in new budget
With local issuances also in the mix, the total figure pencilled in for next fiscal year comes to EGP 3.6…
Suez Canal Ports Company in the running for EGP 4 bn Taba Port development project. PLUS: Marco Group, Madinet Masr
The port is slated to give local exports access to new markets at lower costs
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