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Earnings watch: Madinet Nasr Housing & Development
** Earnings watch: Madinet Nasr Housing & Development reported a 187% year-on-year increase in consolidated net profit in FY2016. Revenues…
Speed Round
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Foreign Ministry decides to raise tourist visa prices, faces backlash from tourism industry
Tourist visas will more than double in price to USD 60 for single entry and USD 70 for multiple entry,…
Afrexim Bank studying funding for Egyptian investors’ projects in Africa, pledges further support for Egypt’s exports to Africa
Afrexim Bank could extend financing to Egyptian real estate, clean energy and manufacturing projects worth a combined value of USD…
Egyptian real estate companies withdraw from Saudi projects
Rift between Saudi Arabia and Egypt remains, even if diplomats say everything is okay: Egyptian real estate companies have halted…
Nuclear waste and risks associated with the Daba’a nuclear power plant dominate public consultations in Matrouh
Concerns about nuclear waste from the Daba’a power plant dominated debate at the state-sponsored public consultations held in Marsa Matrouh…
GASC buys 360k tonnes of wheat from Russia, Ukraine; looks forward to bumper domestic harvest
Egypt and Algeria could see their domestic wheat harvests swell 25% more this year than last if favourable weather projections…
Maglis Al Dowla proposes amendments to VAT regulations that could see further amendments to the law
Could the government be forced to amend the value-added tax act? The executive regulations governing the value-added tax (VAT) may…
Finance Ministry recommends stamp taxing each stock market buyer and seller 0.2% per transaction
The Finance Ministry will send draft legislation to the House of Representatives in early March that will create a 0.2%…
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