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Gov’t plans to issue “clear and simplified” guidelines for tax assessment of real estate
LEGISLATION WATCH- The Madbouly government is gearing up for a major overhaul of how real estate taxes are calculated, sources…
Speed Round
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No, Eni is not allocating 70% of its global investments in Egypt
CORRECTION- No, Eni is not allocating 70% of its global investment to Egypt: Widely circulated news in the domestic press…
Hanafi El Gebaly selected as new chief justice of Supreme Constitutional Court
MOVES- Hanafi El Gebaly has been named the next chief justice of the Supreme Constitutional Court, the nation’s highest court,…
CBE in talks with Afreximbank for USD 500 mn loan for imports, SME financing
The CBE is in talks with Afreximbank for a USD 500 mn loan that will be geared toward funding trade…
Pharos was sell-side adviser on the sale of National Paper Products to Mondi
M&A WATCH- Pharos was sell-side adviser on the sale of NPP to Mondi: Our friends at Pharos Holding were sell-side…
Hassan Allam consortium wins contract for USD 4.4 bn Hamrawein ‘clean coal’ power plant on the Red Sea
Hassan Allam consortium wins contract for USD 4.4 bn Hamrawein ‘clean coal’ power plant on the Red Sea: A Chinese…
Parliament signs off on EGP 70.3 bn overdraft for FY2017-18 state budget
BUDGET WATCH- Parliament signed off yesterday on a EGP 70.3 bn overdraft for the FY2017-18 state budget, Ahram Gate reports.…
Gov’t prepared to pay 15% more to freight and transport providers serving subsidy programs, expects 3-7% increase in food prices
The Madbouly government is working to insulate beneficiaries of its subsidy programs from rising food prices in the wake of…
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