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House postpones debate on draft Labor Act while gov’t makes tweaks
LEGISLATION- The gov’t is taking another look at the draft labor bill: The Madbouly government requested the House Manpower Committee…
Europe throws it back to 2020 with covid travel curbs
Covid travel curbs are back: France, Spain, South Korea, and Israel have followed the US, Japan, Taiwan, and India in…
FRA tightens controls on follow-on lending to SMEs
DEBT- State-owned Assiut National Oil Processing Company (ANOPC) secured a USD 2.9 bn loan to finance its new hydrocracking complex,…
Ministers approve decision to “rationalize spending” in FY 2022-2023
Budget cutbacks in the works? Ministers approved a decision by Prime Minister Moustafa Madbouly to rationalize spending for the remainder…
Classera plans Egypt expansion
COMMODITIES- State grain buyer GASC reportedly purchased 80k tons of Russian wheat at USD 339 per ton for shipment in…
FRA eases borrowing limits on home loans
The FRA is easing credit limits for homebuyers: The Financial Regulatory Authority has loosened income requirements for mortgage lenders in…
THIS EVENING: EGAS launches oil and gas exploration tender + Banks and the bourse will be off on New Year’s Day
Happy hump day, friends. We’re nearly at the end of the business week, the month, and the whole year —…
Money talks: Why we need to talk about salaries more openly
Why the discourse on salaries needs to change: Money is a touchy subject. People are taught that it’s rude to…
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