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Egypt imposes 20% cap on foreign ownership of private schools
Egypt imposes 20% cap on foreign ownership of private schools: Education Minister Tarek Shawki imposed a 20% cap on foreign…
Egypt’s cabinet approves new Banking and Central Bank Act
LEGISLATION WATCH- Cabinet greenlights Banking Act: The Madbouly Cabinet has approved in its weekly meeting a 242-article final draft of…
EFG Hermes tops brokerage league for September
EFG Hermes topped the EGX’s brokerage league table for September with a market share of 29%, according to figures released…
Egypt’s money supply growth slows down in August
Money supply growth slows in August: M2 money supply grew at 11.78% y-o-y in August, compared to 12.1% in July,…
Foreign reserves inch up to USD 45.11 bn in September
Foreign reserves crept up to USD 45.11 bn in September, up from USD 44.97 bn in August, the Central Bank…
Egypt restores 1.8 mn people to food subsidies program
Gov’t restores 1.8 mn people to subsidy rolls: The Supply Ministry has added to the country’s subsidy rolls some 1.8…
More exporters to receive cash payments for overdue export subsidies this month
Gov’t continues to disburse overdue export subsidies: Several unnamed manufacturers will receive this month part of their overdue export subsidies…
Pioneers Holding to make five MTOs, split into three companies
Pioneers to make five MTOs: Pioneers Holdings’ board of directors has agreed to make non-cash mandatory tender offers to increase…
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