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What we’re tracking on 3 June 2020
We could have more clarity today on when Egyptian airspace will reopen to commercial flights. The timetable features prominently on…
Egypt closes record USD 5 bn eurobond issuance with strong appetite from global investors
Egypt closes record USD 5 bn eurobond issuance with strong appetite from global investors: Egypt sold USD 5 bn in…
Gov't considers restructuring railway authority’s EGP 250 bn debt pile
Officials are looking at ways to restructure EGP 250 bn in debt owed by the troubled Egyptian Railway Authority (ERA),…
Egypt was considering new cement, steel licenses despite supply glut
Was the gov’t considering new cement licenses in FY2020-21? The government was planning to license new cement producers starting July…
Egypt nearly halves fuel subsidy spending in 2020-2021 budget
FinMin nearly halves projected fuel subsidy spending in 2020-2021 budget: The Finance Ministry is allocating EGP 28.1 bn to subsidies…
Egypt’s financing gap forecast at nearly EGP 1 tn- FY 2020-21 budget
FinMin sees Egypt’s financing gap at nearly EGP 1 tn next fiscal year: The Finance Ministry needs EGP 988 bn…
Gov’t proposes new top rate of personal income tax
Gov’t proposes new top rate of personal income tax: Individual taxpayers earning more than EGP 400k per year will face…
Egypt to beat debt-to-GDP target this year -Maait
Egypt to beat debt-to-GDP target this year + all you need to know about FinMin’s epic presser: The Finance Ministry…
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