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Egypt to streamline public sector in FY2020-2021, cut 25% of state-owned enterprises
Gov’t to streamline public sector in FY2020-2021, cut 25% of state-owned enterprises: The government is planning to reduce the number…
Egypt to lift nationwide curfew on 27 June as part of phased reopening plan, retail hours permanently shortened
Curfew to be lifted on Saturday as part of phased reopening plan, retail hours permanently shortened: The nighttime curfew will…
FinMin looks to raise financial efficiency through ‘unified’ guide for state auditors
The Finance Ministry has issued a “unified guide” for comptrollers at state agencies to promote best practices, according to a…
Egypt’s Cabinet Economic Committee approves proposed VAT Tax Act amendments
LEGISLATION WATCH- The Cabinet economic group signed off yesterday on proposed amendments to the VAT Tax Act, which now go…
Egypt looks to reach financial settlement with Saudi investor over Omar Effendi sale dispute
DISPUTE WATCH- Gov’t looks to reach financial settlement with Saudi investor over Omar Effendi sale dispute: The Holding Company for…
AIH to invest EGP 60 mn in its NBFS subsidiaries this year
INVESTMENT WATCH- Arabia Investment Holding (AIH) is planning to invest EGP 60 mn this year in its non-banking financial services…
EBRD confirms it’s lending the National Bank of Egypt USD 100 mn for SMEs
EBRD confirms it’s lending the National Bank of Egypt USD 100 mn for SMEs: The European Bank for Reconstruction and…
AFD’s Proparco provides USD 20 mn finance facility to T&C Garments
DEBT WATCH- Proparco has extended a USD 20 mn finance facility to T&C Garments, an Egyptian-Turkish JV specialized in manufacturing…
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