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FRA to launch arbitration center in early 2020
The Financial Regulatory Authority (FRA) plans to launch its own arbitration center to settle non-banking finance related disputes in early…
Egypt Politics + Economics
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Egypt Politics + Economics
Court freezes assets of 83 defendants accused of plotting to bring down gov’t
A Cairo criminal court upheld on Sunday a ruling by the state security prosecution to freeze the assets of 83…
FinMin sets up committee to draft Egypt’s new income tax law
The Finance Ministry has set up a 13-member committee to draft a new income tax law during the current fiscal…
El Sisi approves EUR 63.6 mn funding from the European Commission
President Abdel Fattah El Sisi has approved a EUR 63.6 mn funding agreement with the European Commission to help Egypt…
Misr Holding in talks with state-run banks for coverage to exporters
Misr Insurance Holding Company (MIHC) is in talks with two state-run banks to cooperate with them to provide insurance coverage…
Registering newborns into the commodity subsidy system could see budget allocation swell by EGP 2 bn
Including newborns into the commodity subsidies system could see the government spending EGP 91 bn in FY2019-2020, a government source…
Court to hear appeals for and against decision to impose 15% import duty on iron billets on 4 Aug
The Supreme Administrative Court will hear on 4 August a total of eight appeals filed by the State Lawsuits Authority…
Fifty-five financial fraud cases worth over EGP 200 mn resolved in one month
The General Administration of Public Money Investigations has resolved fifty-five cases of financial fraud worth a combined EGP 200 mn…
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