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Finance Ministry sends Income Tax Law amendments to House Economics Committee
The Finance Ministry has finished drafting amendments to the Income Tax Law and sent them to the House of Representatives’…
SPEED ROUND
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SPEED ROUND
Electricity Ministry to decide on new electricity prices this month
Electricity subsidy phase-out delayed, new prices to be unveiled this month: The Electricity Ministry will announce the new electricity prices…
Apex appoints Saba and Gilmore to senior roles
MOVES- Egypt-focused Apex International Energy appointed Willis “Trey” Gilmore as vice-president of corporate reservoir engineering in Houston and Raed Saba…
Siemens set global record for execution of fast-track power projects in Egypt
Siemens has set a new global record for the execution of fast-track power projects byconnecting 4.8GW of generation capacity to…
CBC officially announces failed merger with Al Nahar
M&A WATCH- The merger between satellite channels CBC and Al Nahar has been officially terminated due to “differences in vision…
Beltone Financial to manage IPOs of Misr Italia and Egypt Foods
IPO WATCH- As the 1H2016 IPO window draws to a close before a long, dry summer, Beltone Financial has been…
PICO’s Cheiron Egypt acquires West El Burullus gas concession from Engie
PICO Group subsidiary Cheiron Egypt has acquired 100% of Engie’s West El Burullus (WEB) gas concession in a transaction announced…
Market implies that Egypt’s credit rating should be higher
Egypt’s performance on the bond market merits a credit upgrade, Ahmed Namatalla and Ahmed Feteha write for Bloomberg. “The nation’s…
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