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FinMin to work with Egypt’s banks on mitigating the impact of the new tax treatment
EXCLUSIVE- Tax officials spreading oil on troubled waters after flap over tax treatment of bank holdings of gov’t debt: Tax…
Sawiris’ OIH to acquire 30% of Sarwa in 5 business days after EGX tender
M&A WATCH- OIH set to acquire 30% of Sarwa: Naguib Sawiris’ Orascom Investment Holding (OIH) is set to acquire 30%…
Egypt’s FRA postpones Beltone appeal hearing again
FRA postpones hearing on Beltone appeal to 17 December: The Financial Regulatory Authority has postponed to Monday, 17 December is…
PM vows to resolve issue of overdue export subsidy payments
PM vows to end delays in payment of export subsidies: Prime Minister Moustafa Madbouly has vowed to resolve the issue…
What exactly is CBD anyway?
What exactly is CBD anyway? Consumer products of cannabidiol (CBD) are expected to reach USD 1 bn by 2020. But…
House ratifies Egypt-Cyprus pipeline agreement, other recent agreements
LEGISLATION WATCH- House ratifies Egypt-Cyprus pipeline agreement: The House of Representatives’ Legislative Committee approved yesterday the Egypt-Cyprus agreement to establish…
Egyptian gov’t retracts oil hedging contracts as crude falls short of budget forecast
EXCLUSIVE- Gov’t walks away from fuel hedging plan as oil price plunge sees crude trading below budget prediction: The Finance…
Unnamed foreign bank interested to fund Raya MTO
M&A WATCH- Int’l bank may back Medhat Khalil’s take-private bid for Raya: An unnamed international investment bank could finance Medhat…
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