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Pioneers Holding submits MTO for 41.46% of Electro Cable Egypt
M&A WATCH- Pioneers Holding subsidiaries submit MTO for 41.46% of Electro Cable Egypt: Three of Pioneers Holding’s subsidiaries have submitted…
Egypt imports EGP 227.7 bn-worth of food staples in 2018
Egypt imported EGP 227.7 bn-worth of food products in 2018, according to a Customs Authority report cited by Youm7. Spending…
FRA’s non-banking services strategy entered into force
REGULATION WATCH- Financial Regulatory Authority is zeroing in on non-bank financial services: The Financial Regulatory Authority’s comprehensive non-banking services strategy…
CBE to relaunch its EGP 16.8 bn debt relief program
The CBE is looking likely to relaunch its EGP 16.8 bn debt relief program by no later than April, sources…
House to consider new salary-related amendments to Income Tax Act
LEGISLATION WATCH- An MP is trying to sneak in changes to how salaries are taxed: The House Planning and Budget…
Moody’s maintains positive outlook on Egypt’s banking system
Moody’s maintains positive outlook on Egypt’s banking system: Moody’s Investors Service said in a report on Monday (pdf) that it…
Egypt’s House committee gives preliminary nod to E-payments Act
LEGISLATION WATCH- House committee gives preliminary nod to E-payments Act: The House of Representatives’ Economic Committee has preliminarily approved the…
China Eximbank to finance Egypt’s USD 2.6 bn Attaqa hydroelectric plant
China Eximbank to finance USD 2.6 bn large-scale Attaqa hydroelectric plant: The Egyptian Electricity Holding Company has signed a financing…
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