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Gov’t rolls out EGP 2.5 bn for Education Ministry to pay off urgent loans
BUDGET WATCH- The Finance Ministry has agreed to a EGP 2.5 bn increase in the Education Ministry’s FY2019-20 budget allocation…
Foreign holdings of Egyptian treasuries rise to USD 14.6 bn in February
Foreign holdings of Egyptian treasuries rose to USD 14.6 bn in February (EGP 249.6 bn) , compared to USD 13.7…
S&P gives its two cents on Egypt’s post-IMF landscape during Q&A
EXCLUSIVE- S&P’s two cents on Egypt’s post-IMF landscape: Egypt has begun to see the “small green shoots of recovery” but…
Canada’s Aton Resources looks to raise CAD 1.5 mn to fund gold exploration in Egypt
Canada’s Aton Resources looks to raise CAD 1.5 mn to fund gold exploration in Egypt: Egypt-focused Canadian miner Aton Resources…
Government to collect VAT from download sites
EXCLUSIVE- Government to required download sites to charge and remit VAT: The Finance Ministry’s central value-added tax department is currently…
CBE boss presents draft Banking Act to cabinet
LEGISLATION WATCH- Central Bank of Egypt Governor Tarek Amer presented to the Cabinet economic group yesterday an amended draft of…
List of e-commerce no-nos issued as CBE orders aggregators and payment facilitators must offer guarantees to banks
REGULATION WATCH- Crypto is on the CBE’s list of online no-nos as the regulator orders aggregators and payment facilitators to…
Home electricity prices could rise 30-60% in July as Egypt phases out subsidies
Residential electricity prices could increase by 30-60% after the next round of subsidy cuts that will take place at the…
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