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Parliament’s Manpower Committee approves bill mandating 10% annual raise
Parliament’s Manpower Committee approves bill mandating a 10% annual raise for civil servants across the board: The House of Representative’s…
VAT expected to bring in EGP 190-200 bn next fiscal year
The value-added tax (VAT) is forecast to bring in revenues of EGP 190-200 bn during FY2017-18, the Finance Ministry VAT…
House Legislative Committee approves IMF loan
The House Legislative Committee approved yesterday Egypt’s USD 12 bn loan agreement with the IMF and has referred it to…
Structure of incentives proposed under draft Investment Act to change, will delay passage of the act by at least a month -PM
Structure of incentives proposed under draft Investment Act to change, will delay passage of the act by at least a…
2017 could see the highest number IPOs since 1998, says Omran
Mohamed Omran thinks 2017 could be the best year for IPOs in Egypt since 1998, telling participants at an event…
Cabinet’s economic group approves stamp tax
The cabinet economic group approved yesterday the Finance Ministry’s proposed 0.125% stamp tax on stock market transactions, which will be…
EGP slipped to EGP 18.23 per USD yesterday
The EGP continued its slide yesterday, changing hands at an average of EGP 18.23 to the USD, with the punditocracy…
EEHC committee wants to extend lifting of electricity subsidies
In other energy news this morning, the state electricity utility is pushing back on the schedule for the phase-out of…
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