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Uber and Careem now have to charge VAT, remit it retroactively
Uber and Careem now have to charge VAT on rides, remit VAT retroactive to when tax first came into effect:…
Speed Round
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Three investment banks pitching for Eastern’s sale of 4% stake
IPO WATCH- Three investment banks are reportedly pitching to advise Eastern Tobacco on its sale of an additional 4% stake…
Rising oil prices unlikely to affect Egypt the same way they did Jordan –Templeton’s Khatoun
The rise in oil prices is unlikely to affect Egypt the same way it did Jordan, Franklin Templeton Emerging Market…
ERC begins running boilers after connecting refinery with power and gas
Egyptian Refining Company fires up boilers after connecting refinery to power and gas: Qalaa Holdings’ Egyptian Refining Company (ERC) has…
GEMS delays IPO as UAE authorities freeze hikes in private school fees
GEMS delays planned London Stock Exchange IPO as UAE authorities freeze hikes in private school fees: Dubai-based GEMS Education, one…
Tarek Heiba appointed as Dell-EMC Egypt’s GM
MOVES- Dell EMC appointed Tarek Heiba as its General Manager in Egypt, according to Mohammed Amin, the company’s senior VP…
Funds investing in vocational training could see tax exemptions under the SMEs Act
Also on the SME front, the proposed SMEs Act could grant tax exemptions to funds investing in vocational training ventures,…
FRA wants to make life insurance compulsory for recipients of subsidized financing for SMEs
FRA wants to make life insurance compulsory for recipients of subsidized financing for SMEs: It appears that the Financial Regulatory…
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