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CBE makes biggest rate cut on record to protect economy from covid-19 outbreak
The CBE has made its biggest rate cut on record, saying the move is to protect economy from covid-19 outbreak:…
Cleopatra Hospitals profits fall 16% in 2019
EARNINGS WATCH- Cleopatra Hospitals Group reported a 16% dip in net profit in 2019 to EGP 265.4 mn from EGP…
EGP 100 mn relief fund for victims of “dragon storm”
The Social Solidarity Ministry has announced a EGP 100 mn relief package for those affected by the severe weather over…
Tawfik surveys MPs’ opinion on new Public Enterprises Act
LEGISLATION WATCH- Tawfik surveys house representatives’ opinion on new Public Enterprises Act: Public Enterprises Minister Hisham Tawfik met last week…
Foreign direct investment up 16% in 2Q2019-2020 -GAFI
FDI rises by 16% in 2Q2019-2020, says GAFI: Net foreign direct investment (FDI) into Egypt increased by 16% y-o-y during…
Gov’t proposes new top rate of personal income tax
Gov’t proposes new top rate of personal income tax: Individual taxpayers earning more than EGP 400k per year will face…
EGX30 tumbles 9.3% in worst showing since 2012
EGX30 tumbles 9.3% in worst showing since 2012: The EGX30 caught up yesterday with last week’s turbulence across global financial…
EIP establishes Levant Fund targeting SMEs in Egypt, Jordan, Lebanon, and Iraq
INVESTMENT WATCH- Private equity outfit EIP looking at SMEs in Egypt, Jordan, Lebanon, Iraq: Private equity firm Emerging Investment Partners…
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