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Sawiris talks with Sovereign Fund of Egypt to develop Bab El Azab break down
Samih Sawiris’ talks with SFE to develop Bab El Azab reportedly break down: Samih Sawiris’ plans to invest with the…
Egypt sets aside a quarter of its FY2020-21 investment budget for Upper Egypt
BUDGET WATCH- Gov’t sets aside a quarter of its FY2020-21 investment budget for Upper Egypt: The government is planning to…
FinMin allows consumer finance companies to deduct a larger portion of interest payments from their tax bills
REGULATION WATCH- FinMin allows consumer finance companies to deduct a larger portion of interest payments from their tax bills: Consumer…
Tax Authority pushes deadline for VAT back-taxes to release assets from seizure to September
The Tax Authority has pushed to September its deadline for companies to unlock assets by remitting overdue VAT, according to…
House approves Sovereign Fund of Egypt law, Public Enterprises Act, bill regulating a reborn Senate
LEGISLATION WATCH- House approves sovereign fund law, Public Enterprises Act, ships them off to Maglis El Dawla for review: The…
EBRD to provide NBK Egypt with USD 100 mn for private sector
The EBRD will provide the National Bank of Kuwait Egypt with USD 100 mn for onlending to the private sector,…
Egypt’s foreign reserves slip again in May, but at a slower pace
Foreign reserves slipped again in May, but at a slower pace: Foreign reserves edged down USD 1 bn to USD…
Egypt’s stocks nearly 5% higher after early SBA agreement
EGX rallies nearly 5% on news we reached a preliminary agreement for more IMF funding: The EGX30 rose 4.6% in…
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