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House approves amendment on non-banking financial markets monitoring law
LEGISLATION WATCH- Parliament approves amendment giving treasury big chunk of FRA proceeds: The House of Representatives gave its final approval…
Preliminary figures show GDP growth at 5.6% in 1H2018-19
Egypt’s GDP grew 5.6% in 1H2018-19, up from 5.3% during the same period last year, according to preliminary Planning Ministry…
Is ENOC’s Dragon Oil about to acquire BP’s assets in Egypt?
M&A WATCH- Is ENOC’s Dragon Oil about to acquire select BP assets in Egypt? Emirates National Oil Company (ENOC) subsidiary…
Customs authority reaches agreement with BMW on dispute
EXCLUSIVE- BMW to pay EGP 55 mn settlement to end customs dispute: The Customs Authority has reached an agreement with…
MPs vote overwhelmingly in favor of constitutional amendments
We’re going to vote next week on a new constitution after House passes proposed changes: The House of Representatives has…
EFG Hermes’ valU snags Seamless Award for fintech innovation
EFG Hermes’ mobile app valU has been recognized as the “Fintech Innovation of the Year” at Terrapin’s 2019 Seamless Awards,…
Military pensions to rise 15% in FY2019-20
LEGISLATION WATCH- Military pensions to rise 15% in FY2019-20: The House Defence and National Security Committee approved yesterday draft legislation…
Govt, CBE mulling legislative amendment for clearing companies rules
Gov’t, CBE mulling changes to rules on clearing companies: The Central Bank of Egypt, the Finance Ministry, and Misr for…
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