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FinMin seeks access to companies’ bank data under proposed amendments to the Income Tax Act
EXCLUSIVE- FinMin seeks access to corporate bank data under proposed amendments to the Income Tax Act: Forthcoming amendments to the…
Central bank leaves interest rates unchanged
The Central Bank of Egypt left key interest rates unchanged at its Thursday, 16 August meeting. The widely expected move…
Single-shareholder companies go live today
Own your very own company today: Investment Minister Sahar Nasr signed off on the regulatory framework for issuing licenses for…
CBE sells EUR 610 mn in EUR-denominated treasury bill auction
The central bank sold EUR 610 mn-worth of EUR-denominated treasury bills at an auction yesterday, according to a statement picked…
Earnings Watch: SODIC, EFG Hermes, Cleopatra, B Investments, Domty, Raya, GTH, Oriental Weavers
EARNINGS WATCH- SODIC reported 10% y-o-y growth in its bottom line to EGP 375 mn in 1H2018 with a strong…
Hotel occupancy rates in Hurghada, Sharm, Alexandria to rise from July-September -Colliers
Hotel occupancy on the rise: Hotel occupancy rates in Sharm El Sheikh, Hurghada, and Alexandria are expected to rise from…
We’re on track to begin natgas exports in January, says El Molla
We’re on track to begin natgas exports in January: Egypt is set to begin exporting natural gas as of January…
Saudi’s Elaj in advanced talks to acquire majority stake in TechnoScan labs
M&A WATCH- Saudi’s Elaj in advanced talks to acquire majority stake in TechnoScan: Saudi Arabia’s Elaj Group is reportedly in…
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