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The economy is on track to recover in 2025, says PM
Bigger subsidies and higher interest rates weighed on the country’s debt burden, according to Madbouly
Electricity Ministry hikes electricity prices by up to 26%
The government is trying to phase out electricity subsidies by 2025
CBE introduces new anti-money laundering rules for better cash flow monitoring
Banks will have a six-month window to implement the new measures
Pension hikes for the new year
The government will increase minimum pension payouts
More players can set up investment funds. PLUS: Funds for Takaful and Karama, Italian interest in our food sector, new investments from Cairo 3A
MSME finance and consumer finance companies can now set up investment funds
Charge in FX, pay VAT in FX. No exceptions.
The ministry introduced new rules last month requiring businesses pricing goods and services in hard currency to settle VAT in…
Five int’l firms qualify for freight railway bypass tender. PLUS: ACUD, Beeah, wheat, Telecom Egypt
THE RACE IS ON FOR RAIL CONTRACT: Five international firms — including Chinese rail firms CRIG and CRRC, Siemens, Alstom,…
FRA rolls out new trading regs to reduce market risk
The amendments aim to stabilize the market, regulate margin trading, reduce default risks, and protect traders’ rights
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