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Egypt set to become the world’s fastest growing mortgages market in 2017
Egypt is poised to become the world’s fastest-growing mortgage market in 2017, ahead of Algeria and Nigeria, according to Daily…
SPEED ROUND
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World Bank disburses second tranche of USD 3 bn development loan
The World Bank disbursed the second USD 1 bn tranche of its USD 3 bn development loan to Egypt yesterday,…
Gov’t timeline to cut down on subsidies ends in 2019
Gov’t timeline to cut down on subsidies ends in 2019: The government does not plan to fully eliminate fuel subsidies,…
MM Group files ITF, to sell 30% stake in company
MM Group filed its public subscription notice for a local offering yesterday, announcing it will offer 118.8 mn shares, representing…
Egypt should achieve 4% GDP growth this year -Azzam
“I think Egypt … should be able to attain the target of 4% [GDP] growth this year. I am pleased…
FDI to hit highest level ever next fiscal year –El Garhy
Foreign direct investment in Egypt will hit USD 13-15 bn in FY 2017-18, Minister Amr El Garhy told Reuters. Anything…
Cabinet to implement stamp tax in 1 May
Speaking of which, the government will begin implementing the stamp tax on 1 May, Deputy Finance Minister Amr El Monayer…
CIB completes sale of 74.75% of CI Capital, El Monayer says stamp duty to be levied on M&As
CI Capital is off CIB’s books: CIB announced it has executed the transfer of 74.75% of subsidiary CI Capital’s shares…
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