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Companies up to 75% owned by the state could be reclassified as “law 159” enterprises
LEGISLATION WATCH- Companies up to 75% owned by the state could be reclassified as “law 159” enterprises: Listed companies in…
State-owned e-finance is part of second wave of Egypt’s privatization program
IPO WATCH- Fintech company e-finance will IPO as part of the second privatization wave: State-owned financial technology company e-finance will…
Ibnsina lodges appeal with Egypt’s Court of Cassation to further reduce antitrust fine
DISPUTE WATCH- Ibnsina lodges appeal with Court of Cassation to further reduce antitrust fine: Ibnsina Pharma has filed an appeal…
Customs payment dispute with Mercedes importer returns
DISPUTE WATCH- Customs dispute with Mercedes importer in Egypt is back from the dead: A dispute between the Customs Authority…
Government to set cost-to-income ratio at 70% under new banks tax treatment
EXCLUSIVE- Gov’t to set cost-to-income ratio at 70% under new bank tax treatment of investments in treasuries, plans to scrap…
Egyptian Refining Company USD 4 bn facility to come online in June
Qalaa’s USD 4.3 bn Egyptian Refining Company facility will begin commercial production in June, running at 60% capacity and ramping…
Elakhdar joins Intro Group as MD
EXCLUSIVE: MOVES- Elakhdar joins Intro Group as MD: Intro Group, the private Egyptian conglomerate with holdings including oil and gas…
World Bank gives final approval for USD 200 mn SME loan
The World Bank has given final approval to a USD 200 mn loan to support entrepreneurship and SMEs in Egypt,…
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