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Egypt’s Cabinet approves new NGOs Act to replace contentious 2017 law
CABINET WATCH- Cabinet approves new NGOs Act: The Madbouly Cabinet approved at its weekly meeting a final draft of the…
Egypt’s cabinet IDSC denies 18% tax on social media advertising
Gov’t denies 18% social media ad tax is already in place, but says it is working on a 15-20% levy:…
Cabinet denies reports suggesting Egypt’s home electricity prices will rise 30-60%
Gov’t (sort of) denies reports suggesting home electricity prices will rise 30-60%: The Madbouly Cabinet denied yesterday domestic press reports…
Egypt in the News on 15 May 2019
It’s another blessedly quiet morning for Egypt in the foreign press. A handful of headlines making the rounds: Bye, Cairo:…
Gov’t rolls out EGP 2.5 bn for Education Ministry to pay off urgent loans
BUDGET WATCH- The Finance Ministry has agreed to a EGP 2.5 bn increase in the Education Ministry’s FY2019-20 budget allocation…
S&P gives its two cents on Egypt’s post-IMF landscape during Q&A
EXCLUSIVE- S&P’s two cents on Egypt’s post-IMF landscape: Egypt has begun to see the “small green shoots of recovery” but…
List of e-commerce no-nos issued as CBE orders aggregators and payment facilitators must offer guarantees to banks
REGULATION WATCH- Crypto is on the CBE’s list of online no-nos as the regulator orders aggregators and payment facilitators to…
Home electricity prices could rise 30-60% in July as Egypt phases out subsidies
Residential electricity prices could increase by 30-60% after the next round of subsidy cuts that will take place at the…
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