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VAT Act amendments submitted to Egypt’s House of Representatives
LEGISLATION WATCH- Office space and snack tax? Amendments to the VAT Act that would impose VAT on non-residential property and…
Bond bulls return to Egypt, more than doubling foreign holdings in five months
Foreign investors are piling into Egyptian debt: Foreign inflows into Egyptian bonds have surged to more than USD 20 bn…
Institutional investors, research houses hold the line on CIB
Institutional investors, research houses hold the line on CIB amid selling pressure from retail investors following Ezz Al Arab’s resignation.…
Earnings watch: Juhayna, Etisalat Misr
EARNINGS WATCH- Juhayna Food Industries’ net profit rose 37% y-o-y to EGP 152 mn in 3Q2020 from EGP 111 mn…
Canada sending new ambassador, deputy manpower minister sacked
MOVES- Canada’s new ambassador to Egypt met on Friday with Amb. Ahmed Abu Zeid, Egypt’s envoy to Ottawa, Abu Zeid…
Investors to work with FinMin on real estate tax exemptions
Business leaders and lobby groups are now part of a joint committee with the Finance Ministry set up to address…
Egypt-focused Badia Impact Fund II achieves first close of USD 36 mn
INVESTMENT WATCH- Egypt-focused Badia Impact Fund II hits first close of USD 36 mn. The European Bank for Reconstruction and…
Attractive price-to-quality equation helps Egypt become the world’s largest exporter of oranges by volume
Egypt has become the largest exporter of oranges by volume in the world, buoyed by an attractive price-to-quality equation, reports…
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