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US imposes new security protocols on cargo flights from five countries,including Egypt
US imposes new security protocols on cargo flights from Egypt and four other countries: The US Transportation Security Administration issued…
Speed Round
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Masdar proposes solar plant investments of USD 600 mn
INVESTMENT WATCH- Masdar plans to invest in up to 500 MW of solar power generation capacity: UAE’s Masdar presented the…
UAE’s Al Ghurair to invest USD 1 bn in sugar agriculture project
INVESTMENT WATCH- UAE’s Al Ghurair Group will invest USD 1 bn in a massive sugar cultivation and processing project, which…
Tourism in the Middle East grows 5% y-o-y in 2017
The shifting dynamics of Egypt’s tourism turnaround: Egypt’s tourist numbers soared 55% last year, even as European numbers dipped, with…
FRA drafting Insurance Act, 80% done with Capital Market Act regs
LEGISLATION WATCH- The Financial Regulatory Authority (FRA) is drafting an all-encompassing Insurance Act. A draft of the bill — which…
Tax revenues up 62% y-o-y in 1H2017-18
Tax revenues for the 1H2017-18 grew 62% y-o-y to EGP 249 bn, Vice Minister of Finance Amr El Monayer said…
Private investment to lead Egypt economic growth in coming period
Private investment is expected to make up 60% of total economic growth in Egypt in FY2017-18, up from 48% in…
Egypt pays IOCs USD 200 mn in January, to IPO up to 10 companies in 18 months
Egypt paid USD 200 mn in arrears owed to international oil companies this month, Finance Minister Amr El Garhy said,…
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