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Rooya to start construction at EGP 300 mn Hadaba project, to IPO in 1H17
Rooya Real Estate Development is set to IPO in1H17, possibly listing around 30% of its shares, chairman Hisham Shoukri told…
CPA suspends Uber ad campaign for having a sense of humor
The Consumer Protection Agency (CPA) has ordered that Uber suspend its ad campaign on charges of having a sense of…
Egypt receives two more fuel shipments from Saudi’s Aramco
More Aramco oil at the door: Egypt is set to receive its fourth fuel shipment from Saudi’s Aramco today after…
ACA begins meeting with stakeholders in maritime activity over withdrawal of alliance from East Port Said port
The Administrative Control Authority (ACA) is looking into what can be done to lure back five major shipping lines that…
Bread and food subsidies to cost the state more than EGP 80 bn
State spending on bread and commodity subsidies will break north of EGP 80 bn in the 2017-18 state budget, Supply…
Metro ticket fares hiked by 100% to EGP 2 effective Friday
Metro tickets doubled in price to EGP 2 on Friday. Transport Minister Hisham Arafat made the announcement on Thursday. Fares…
Finance Ministry drafts amendments to stamp and income tax laws to incorporate new stamp tax proposal
The stamp tax is becoming official: The Finance Ministry has finished drafting amendments to the Income Tax Law to incorporate…
House to split investment act into two to simplify law for investors
House Economic Committee will split proposed Investment Act into two bills: The House of Representative’s Economics Committee has decided to…
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