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Hotels to pay real estate taxes based on investment value
Hotels to pay real estate taxes based on their investment value? The ministries of finance and tourism reached an agreement…
Speed Round
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Egypt could make travel insurance mandatory for tourists, to issue global tender for insurance provider
Egypt is considering making travel insurance mandatory for all incoming visitors, Financial Regulatory Authority (FRA) Deputy Head Reda Abdel Moaty…
Tourism recovery accelerates as sector revenues surge 77% y-o-y in 1H2018, arrivals climb 41%
The recovery in tourism is accelerating: Tourism revenues increased 77% y-o-y to around USD 4.8 bn during 1H2018 from USD…
ECMA lobbies EGX, FinMin to cut tax on dividends by up to 50%
Industry association lobbying to slash withholding tax on dividends: The Egyptian Capital Markets Association (ECMA) is lobbying the EGX and…
Banque du Caire IPO on track for 1Q2019, bank to float 30% of shares
IPO WATCH- The state-owned Banque du Caire (BdC) is still on track to float up to 30% of its shares…
Hassan Allam plans to IPO by October, eyes dual listing
IPO WATCH- Hassan Allam eyeing October IPO Hassan Allam Holding’s planned IPO could go ahead as early as October and…
Rameda hires Baker Tilly-Wahid Abdel Ghaffar as lead IFA ahead of IPO
IPO WATCH- Rameda hires Baker Tilly-Wahid Abdel Ghaffar for fair value report ahead of IPO: Pharma manufacturer Rameda has tapped…
Cabinet SecGen to remain in place for another year
MOVES- Cabinet SecGen to remain in place for another year: President Abdel Fattah El Sisi issued a presidential decree (pdf)…
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