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Investors dumping Kenyan stocks for Egyptian ones
Africa’s stock investors are turning to Egypt and away from Kenya, Adelaide Changole writes for Bloomberg. The EGX30 is at…
Speed Round
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Egypt is world’s 12 riskiest investor market, ranks 73 of 79 on WEF’s IDI
Egypt is the world’s 12th riskiest market on Bloomberg’s Global Risk Briefing for 2016. The Country Risk Score is calculated…
Finance Ministry will not taxation minimum income
Speaking of taxes, parliament and the government appear to not see eye to eye on raising the minimum annual income…
Stock market stamp tax could be reintroduced, gov’t looking to suspend capital gains tax
Egypt is considering temporarily reintroducing a stamp duty on stock market transactions after the tax was frozen in 2014, two…
Brexit strategy could lead to aggressive negotiations with the EU
UK Prime Minister Theresa May announced the Brexit strategy on Tuesday and it looks like the negotiations might be a…
Prosecutor General orders investigation into Ahmed Moussa for Samy Anan, El Baradei leaks
Oh happy day, oh happy day: Prosecutor General Nabil Sadek has ordered an investigation into TV host Ahmed Moussa for…
Cabinet approves investment act amendments
Cabinet strengthens the role of the Supreme Investment Council: The Ismail cabinet approved amendments to the current draft of the…
CBE is looking into alternative strategies to gradually develop local auto industry
The CBE is looking to build up the auto-feeders industry: The CBE committee looking into developing a strategy for the…
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