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Egypt to double health spending in FY2020-2021
BUDGET WATCH- The government will double its spending on health in the upcoming fiscal year, Prime Minister Moustafa Madbouly said…
CIAF board postpones Egypt’s first corporate sukuk issuance
DEBT WATCH- CIAF board postpones Egypt’s first corporate sukuk issuance: Aircraft leasing company CIAF Leasing’s board of directors decided to…
Raya Holding to establish three subsidiaries in 1H2020
Raya Holding is joining the rush into non-bank financial services and aims to set up three subsidiaries in 1H2020, including…
FinMin to exempt 74 pharma materials from VAT
LEGISLATION WATCH- FinMin mulls VAT exemptions for 74 raw materials used by med makers: The Finance Ministry decided at the…
EBRD, QNB Alahli agree USD 82 mn climate finance package
EBRD commits fresh capital to climate finance in Egypt: The European Bank of Reconstruction and Development (EBRD) and QNB Alahli…
Egyptian Competition Authority probes Cairo 3A’s bid to acquire Starch and Glucose Company
M&A WATCH- ECA probing Cairo 3A’s bid to acquire majority stake in Starch and Glucose Company: The Egyptian Competition Authority…
MPs want to raise taxes on anyone earning more than EGP 1 mn a year
LEGISLATION WATCH- MPs want to raise taxes on anyone earning more than EGP 1 mn a year: A draft law…
HSBC appoints Stephen Moss as regional chief executive
MOVES- HSBC Holdings has tapped Stephen Moss (LinkedIn) as a regional chief executive overseeing Europe, the Middle East, Latin America,…
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