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Auto sector posts strong sales growth in 1H2020 despite pandemic
Strong growth in automotive sales in 1H2020 despite pandemic: Automotive sales climbed 22% in the first six months of the…
The next step in our journey to an EV future will cost about EGP 500 mn
INVESTMENT WATCH- The next step in our journey to an EV future will cost about EGP 500 mn: The plant…
The way to a foreign investor’s pocket book is through their stomach
INVESTMENT WATCH- The way to a foreign investor’s pocket book is through their stomach. Ours is a consumer-led economy, and…
Mona Nasser appointed as Finance Minister’s assistant
MOVES- Mona Nasser has been appointed as assistant to the finance minister, according to a ministry statement. Nasser will continue…
FRA completes first draft of law to regulate fintech industry
LEGISLATION WATCH- The Financial Regulatory Authority (FRA) has finished the first draft of a law that will govern the fintech…
Oil demand slump hits Egypt’s Sumed pipeline
Egypt’s Sumed oil pipeline is feeling the effects of the global demand slump: Egypt’s Sumed pipeline has recently been operating…
Real estate developers oppose VAT on non-residential properties
LEGISLATION WATCH- Real estate developers oppose VAT on non-residential properties: Real estate developers have pushed back on proposed legislative amendments…
OIH eyes demerger to delineate between investments in financial services + other industries
DEMERGER WATCH- OIH board signs off on demerger to delineate between its investments in financial services + other industries: Orascom…
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