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Reported terrorist attacks in Egypt were down in 4Q2016 -TIMEP
The number of reported terror attacks across Egypt dropped considerably in 4Q2016, according to a think-tank report. On the whole,…
Earnings watch: Orascom, Elsewedy Electric
EARNINGS WATCH- Elsewedy Electric reported a 209% y-o-y increase in its consolidated net profit after minority interest to EGP 3.9…
Higher exports and lower imports drive Egypt’s trade deficit for January down 37.1% y-o-y
Exports up, imports down in January. Egypt’s trade deficit dropped 37.1% year-on-year in January to USD 2.34 bn compared to…
MM Group shares start trading
Shares of MM Group (MTIE.CA) rose 8.2% in their EGX debut yesterday, closing at EGP 6.45, Al Borsa reports. The…
Nahar and CBC merger falls through
M&A WATCH- The merger between satellite channels CBC and Al-Nahar has fallen through, sources close to the matter tell Al…
Finance Ministry reduces VAT on imported capital goods to 5%
The Finance Ministry has cut the value-added tax on imports of machinery, equipment, and capital goods to 5%, effective immediately,…
Cabinet Economic Group approves Capital Markets Law amendments
Cabinet Economic Group approves Capital Markets Law amendments: The Cabinet’s Economic Group signed off on proposed amendments to the Capital…
El Sisi issues presidential decree establishing three regulatory bodies for the media
Three bodies now regulate Egypt’s media industry. President Abdel Fattah El Sisi issued a decree yesterday establishing three bodies to…
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