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Egyptian e-payments platform Fawry reports 1H2019 earnings
EARNINGS WATCH- Fawry reports 7% y-o-y fall in 1H2019 profits: E-payments platform Fawry reported a 7% y-o-y decline in net…
Ethiopia accuses Egypt of having “colonial era” control of Nile
Ethiopia ratchets up rhetoric in GERD row: The extent of the diplomatic impasse over the Grand Ethiopian Renaissance Dam (GERD)…
Egypt, Cyprus, Greece condemn Turkey’s oil exploration in the East Med
The unofficial theme of yesterday’s Egypt-Greece-Cyprus summit: ‘Turkey = bad’. Egypt, Greece and Cyprus condemned Turkey’s attempts to drill for…
Egypt’s draft Labor Act gets approval from House Manpower Committee
LEGISLATION WATCH- Labor Act receives House committee approval: The House Manpower Committee has approved the long-languishing Labor Act, and will…
20 South Korean companies looking to invest in Egypt
INVESTMENT WATCH- Twenty South Korean multinationals have appetite for Egypt, the Investment Ministry said yesterday in a statement following the…
AFD earmarks EUR 1 bn for Egypt development projects over coming 4 years
The French Development Agency (AFD) has allocated EUR 1 bn to fund projects in Egypt over the coming four years,…
Egypt’s BICC plans IPO within 3 years
IPO WATCH- BICC int’l school eyes IPO in the long term: The British International College of Cairo (BICC) plans to…
FinMin, Federation of Egyptian Industries committee finalize new Income Tax Act
EXCLUSIVE- FinMin’s new Income Tax Act would look to close loopholes enjoyed by multinationals, fully bring digital economy into the…
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