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Al Ahly CIRA’s Saxony Egypt will open its doors in September. PLUS: News from the House, NTRA, and FRA
Saxony Egypt will offer two-year diplomas and four-year bachelor’s degrees and is expected to begin operations with six programs
FRA approves B Investments’ acquisition of Orascom Financial. PLUS: Synergy Capital, Ras El Hekma, Egyptian Healthcare Authority, Qalaa Holdings, green hydrogen
B Investment' board in December agreed to an MTO swap ratio of one B Investments share to 56.76 OFH shares
House approves stricter sentences for hoarding food
Those hoarding key food commodities will be given sentences of one year in prison and fines between EGP 150k-3 mn
MPs give nod to quadrupling the price tag of passports. PLUS: Saudi Egyptian Industrial Investment to invest USD 5 mn in new pharma production line
The amendments will raise the issuance fee of passports to EGP 1k from EGP 250
SMEs to pay same taxes for larger revenues
The Finance Ministry has approved a proposal to amend the tax brackets of the SME act to take into account…
Maait unveils more details on the new Unified Budget Act
The amendments will help improve the state’s financial indicators
House passes El Sisi’s EGP 180 bn social protection package
The package includes wage and pension hikes
THIS EVENING: House signs off on EGP 180 bn social protection package
Good afternoon, nice people. It’s a relatively calm day in the local news cycle, but there are plenty of updates…
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