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Tax Authority suggests “ideal” stamp tax rate of 0.175%
Tax Authority suggests 0.175% is an ideal stamp tax on the EGX: Tax Authority head Emad Samy says his agency’s…
CBE amends what banks can do with excess foreign currency positions, says a quarter can be used for profit repatriation
Profit repatriation window opens a bit wider for foreign companies in Egypt: The Central Bank of Egypt has amended regulations…
El Garhy speaks at AmCham luncheon, promises determination, resolve in policy making, announces ambitious targets
El Garhy: No backing away from subsidy reform, IMF visiting in April, stamp tax is coming. Fresh off the successful…
A new BlackBerry + Samsung sets S8 release date
Public service announcement for gear geeks: iSheep we may be, but our first real smartphone love was a BlackBerry (sorry,…
Earnings watch: National Bank of Egypt reports FY2016 results
**Earnings watch: The National Bank of Egypt (NBE) reported a 145% year-on-year increase in net profits to EGP 12.5 bn…
Black market for USD making a tepid comeback?
We’re not buying this report until we see data on volumes, but Al Borsa is reporting that the USD hit…
EFSA submits report to administrative court accusing Beltone investors of manipulating stocks
Beltone stock manipulation saga continues. The Egyptian Financial Supervisory Authority (EFSA) has submitted documents to the Administrative Court accusing some…
Supply Ministry plans to raise ration card subsidies by EGP 3-4 a month
Supply Ministry planning to raise ration card allowance to up to EGP 25 per person per month: Supply Minister Ali…
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