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What we’re tracking on 15 May 2019
Good morning, friends — take heart, it is nearly the weekend. Still, we have plenty of interesting news for you…
Egypt caps FY2019-20 state spending at EGP 1 tn
EXCLUSIVE- Gov’t caps FY2019-20 public spending at EGP 1 tn: The government has placed a EGP 1.01 tn cap on…
Egypt’s parliament gives preliminary nod to 15% increase in military pensions
The House of Representatives' general assembly approved yesterday the text of a draft law to raise military pensions by 15%,…
Egypt’s cabinet greenlights Mineral Resources Act amendments
LEGISLATION WATCH- Cabinet greenlights amendments to Mineral Resources Act: The Madbouly Cabinet has approved amendments to the Mineral Resources Act…
Government to decide on new electricity rates by May-end
Government to decide on new electricity rates by the end of May: The Egyptian Electrical Utility and Consumer Protection Regulatory…
NATCO will accept a wider range of payments for Mercedes after ECA complaints
Local Mercedes agent National Automotive Company (NATCO) will now accept a wider range of payment terms for its vehicles, the…
Egypt is studying sweeping changes to tax legislation
EXCLUSIVE- Gov’t studying significant tweaks to income tax legislation: The government has begun drafting changes to the Income Tax Act…
New regs to govern Egypt’s investment zones
Investment Minister Sahar Nasr has issued new regulations for investment zones outlining general stipulations and clarifying procedures to establish these…
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