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Egypt to repeal real estate tax exemptions for private homes, provide preferential treatment for hotels, factories, oil and gas
EXCLUSIVE- The Great Real Estate Tax Debate of 2018 is about to roll forward into 2019. Readers may recall the…
Speed Round
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Automotive sales recover during 2018
Automotive sales rebounded in 2018 as total vehicle sales jumped 42.9% y-o-y, approaching pre-floatation levels with 193,800 units sold, according…
AUC faculty passes vote of no confidence in its president
AUC faculty deliver vote of no confidence in president after Pompeo’s ‘fiery’ speech: The American University in Cairo’s Senate voted…
Uber sees Egypt as one of its “most promising markets” in the Middle East
Uber sees Egypt as one of its “most promising markets” in the Middle East, where it is going after the…
FinMin to make e-payments of gov’t fees over EGP 500 mandatory in May
The Finance Ministry will make electronic payment of gov’t fees mandatory by early May for amounts exceeding EGP 500, according…
Egypt’s Cabinet greenlights Consumer Credit Act
CABINET WATCH- Cabinet greenlights Consumer Credit Act: The Madbouly Cabinet approved yesterday the draft Consumer Credit Act, which would govern…
Egypt Kuwait Holding makes acquisition bid for Emisal Salts
M&A WATCH- EK Holding makes bid for Emisal Salts: Investment firm EK Holding is making a play to acquire salt…
Shalakany, ZH&P, Herbert Smith, White & Case to act as advisors on Abu Qir, ACCH stake sales
Shalakany, Herbert Smith, White & Case tapped as local legal counsel on Abu Qir stake sale: Shalakany Law Office, alongside…
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