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Cement factories want production cuts extended as demand slides
A decline in the demand for cement has left producers grappling with lower prices
Fintech players see new licensing requirements as “big step forward”
We talk to fintech players to see what they make of the new rules
THIS EVENING: Private equity firms have their eyes on Al Ahly Momkn
Happy THURSDAY, friends. We hope you all end this week with plans to unwind — and that your weekly trek…
New criteria for fintech, digital banking licenses
Digital banks now need a capital of at least EGP 2 bn
ESG reporting isn’t a walk in the park (part 1 of 2)
ESG is picking up but remains a challenge for Egyptian businesses
Foreigners can get 50% more alcohol at duty-free stores
Buyers will face higher fees on the third liter
Introducing cabinet’s privatization A-team
The unit will work directly with the IFC on state asset sales
Private-sector minimum wage to rise 11% in July
The move puts the private-sector minimum wage up 25% in the last six months
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