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Algioshy steel to IPO next year, says Chairman
IPO WATCH- Algioshy Steel is planning to float shares on the EGX in an initial public offering next year, Chairman…
Speed Round
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Castrol-TAQA engine oil JV to be set up with EGP 20 mn capital
INVESTMENT WATCH- Castrol-TAQA engine oil JV to be set up with EGP 20 mn capital: The engine oil manufacturing and…
Mondi in final stages of Suez Bags acquisition
M&A WATCH- Mondi in final stages of Suez Bags acquisition: Mondi Paper Sales has nearly finished its acquisition of a…
CBE repays final USD 500 mn installment of Afreximbank loan
The central bank made a final USD 500 mn payment to the African Export- Import Bank (Afreximbank) last Thursday on…
FDI down year on year in 2Q2017-18, exports up
Egypt’s total FDI inflows dropped to USD 3.48 bn in 2Q2017-18, down from USD 3.98 bn in the same quarter…
Amendments to Customs Act now with House committee; package includes incentives, white list of importers, crackdown on tourism car rentals
LEGISLATION WATCH- Potential amendments to the Customs Act are now with the Planning and Budget Committee for discussion, Al Mal…
House general assembly starts budget debate, gives gov’t one-month deadline for strategy to bring small businesses into formal economy
BUDGET WATCH- The House of Representatives’ general assembly is set to continue debating the FY2018-19 state budget today. Discussions kicked…
Taxman looking to collect VAT on e-commerce, online ad sales
EXCLUSIVE- The taxman is looking at imposing VAT on online ad buys and e- commerce transactions, sources in government tell…
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