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Finance Ministry completes executive regs for Public Contracts Act
LEGISLATION WATCH- The Finance Ministry has completed the executive regulations of the Public Contracts Act and will send them to…
Acumen files EGP 20 mn lawsuit against FRA boss for reputational damage
DISPUTE WATCH- Acumen files EGP 20 mn lawsuit against FRA boss for “reputational damage”: A Giza court is expected to…
Egypt’s exchange to establish new derivatives clearing company ahead of market launch later this year
Egypt exchange to establish new derivatives clearing company ahead of market launch later this year: The EGX will set up…
Egypt’s FinMin studies increased tax rates for cigarettes
EXCLUSIVE- Cigarette prices may rise soon thanks to a potential tax increase: The Finance Ministry is studying a proposal to…
Egypt’s FX reserves inch up in June
FX reserves inched up slightly to USD 44.35 bn at the end of June, up from USD 44.27 bn the…
Raya Auto plans investing EGP 300 mn in making motorcycles and electric vehicles
INVESTMENT WATCH- Raya Auto plans to invest EGP 300 mn in three years: Raya Holding’s automotive unit Raya Auto is…
Greece’s Energean to acquire Edison’s oil and gas portfolio for USD 750 mn
M&A WATCH- Greece’s Energean to acquire Edison’s oil and gas portfolio for USD 750 mn: Greek energy company Energean Oil…
Egypt’s current account deficit almost doubles in 3Q2018-2019
Current account deficit almost doubles in 3Q2018-2019 as non-oil imports rise: The current account deficit almost doubled during 3Q2018-2019 to…
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