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House suspends discussions on auto strategy, Public Enterprises Act amendments indefinitely
LEGISLATION WATCH- House suspends discussion of auto strategy, Public Enterprises Act amendments indefinitely thanks to covid: The House industry committee…
Egypt goes full Kuroda: CBE to directly purchase equities in a bid to stem EGX sell-off
CBE to directly purchase equities in a bid to stem EGX sell-off: The Central Bank of Egypt (CBE) will buy…
Domty posts marginal uptick in annual profits
EARNINGS WATCH- Domty recorded EGP 156.2 mn in net profit in 2019, up from EGP 154.6 in the previous year,…
Egypt taps HSBC as financial advisor on Siemens plant sale
Egypt taps HSBC as financial advisor on Siemens plant sale: State-owned Egyptian Electricity Holding has tapped HSBC as the financial…
Egyptian remittances rise 5% in 2019
Remittances rise 5% in 2019: Remittances from Egyptians living abroad rose 5% to USD 26.8 bn in 2019 from USD…
Cabinet greenlights EGX tax breaks
CABINET WATCH- Cabinet greenlights EGX tax breaks: The Madbouly Cabinet has approved the emergency measures announced last week to cut…
Egypt postpones state privatization program, new program to be announced in two months
PRIVATIZATION WATCH- The state privatization program is officially being put on ice as the covid-19 outbreak wreaks havoc on global…
CBE cuts interest for three of its financing initiatives, raises ATM withdrawal cap
REGULATION WATCH- CBE cuts interest for three of its financing initiatives: The Central Bank of Egypt (CBE) has reduced the…
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