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E-receipt pilot starting 1 April
E-receipt system pilot to kick off in April: The Finance Ministry will launch its e-receipt system for B2C transactions this…
We made our Samurai bond debut + PHD closes its EGP 3.25 bn sukuk offering
Egypt successfully closed its maiden Samurai bond issuance, selling USD 500 mn (c.JPY 60 bn) of the JPY-denominated bonds in…
More than a spoonful sugar to help the medicine go down
Gov’t announces EGP 130 bn in tax incentives + brings forward social safety measures following rate hike and devaluation: Fresh…
FinMin sees budget deficit widening amid commodities price shock
The Madbouly government sees the FY 2021-2022 budget deficit target widening to 6.9% from 6.7%, Vice Minister of Finance Ahmed…
East Delta to build 125 MW power unit at El Arish
East Delta Electricity Production Company will establish a 125 MW combined cycle power unit at the El Arish plant, Al…
Egypt reassess fiscal targets in light of war in Ukraine
The government will likely have to revisit its fiscal targets for FY2022-2023 in light of the war in Ukraine and…
FinMin looks to rollout B2B e-invoicing for Cairo by June, fully digitize tax system by December
All B2B invoices issued by businesses based in the Greater Cairo Area will be automated by June, director of taxpayer…
THIS EVENING: Ukraine staves off Russian aggression in second-largest city as fighting intensifies + FinMin to create PPP database to track risks
Good afternoon, ladies and gentlemen. It’s another somber news day, with few stories of note here at home as the…
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