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El Sisi files nomination papers, Khaled Ali withdraws from presidential race and El Wafd blocks El Sayed El Badawy’s bid
President Abdel Fattah El Sisi filed on Wednesday his papers to seek a second term, Al Masry Al Youm reported.…
Speed Round
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Egypt climbs six spots in Agility’s Emerging Markets Logistics Index
Egypt climbed six spots to rank 14th in Agility’s 2018 Emerging Markets Logistics Index (pdf), which surveys 500 supply chain…
Cabinet approves amendments to Income Tax Law, draft law regulating billboards
CABINET WATCH- The Ismail Cabinet approved yesterday amendments to the Income Tax Law to facilitate procedures for submitting tax declaration…
Banque Misr considers lower interest rates on highest-yielding CDs or scrapping them in 2H2018
Banque Misr considers lower interest rates on highest-yielding CDs, could scrap them in 2H2018: Banque Misr plans to lower yields…
Sugar project the largest non-oil FDI since EGP float -Nasr
Al Ghurair Group’s vertically integrated sugar plant in Egypt is the biggest non-oil foreign direct investment transaction in Egypt since…
Edita looking into overseas production, expansion
Edita, Egypt’s largest producer of packaged snack food, is planning to start overseas operations to offset local currency fluctuations, Bloomberg’s…
Economists say growth will fall far below government’s estimates this year
Economists polled by Reuters Arabic are not as optimistic as the IMF or the Ismail government on Egypt’s growth prospects.…
IMF releases report on second review of economic reform program
The IMF released its report on the second review of the economic reform program, and as expected, the performance review…
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