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Egypt to introduce 1% tax on all salaries to fund covid-19 fight
Cabinet plans 1% corona tax on all salaries, says measure would be in effect for one year starting 1 July…
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Karim Alaa succeeds Hesham Mekawi as BP’s senior VP for North Africa
MOVES- BP Egypt general manager Karim Alaa will succeed Hesham Mekawi as the company’s senior VP for North Africa, BP…
Earnings watch: Centamin reports USD 172.9 mn in 2020 profits
EARNINGS WATCH- Gold miner Centamin reported a 13% y-o-y rise in profit after tax in 2019, which came in at…
Edita enters Egyptian biscuits market with Oniro cookies
Edita Food Industries has entered the Egyptian biscuit market with the launch of its Oniro range of cookies, the company…
Egypt-led fintech startup Tribal Credit joins Visa’s Fintech Fast-Track program
STARTUP WATCH- Tribal Credit, a Silicon Valley-based fintech startup co-founded by two Egyptian entrepreneurs, has joined Visa’s Fintech Fast-Track program,…
10 companies have taken out condition booklets to bid for Egypt’s gold mining round
Gold miners aren’t spooked by the coronavirus: Ten mining companies have taken out condition booklets for Egypt’s ongoing international gold…
Orascom and Bombardier break ground on USD 4.5 bn new capital-Nasr City monorail
Orascom, Bombardier, Arab Contractors begin construction of new capital-Nasr City monorail: Orascom Construction, Canada’s Bombardier Transportation, and Arab Contractors have…
Egypt’s Nile Air shelves listing plans, scales back expansion due to covid-19
IPO WATCH- Nile Air shelves listing plans due to covid-19, long-term expansion plans in doubt: In another sign of the…
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