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State-owned Kenyan reinsurer eyeing Egypt
INVESTMENT WATCH- State-owned Kenyan reinsurer eyeing Egypt: Kenya Reinsurance Corporation (Kenya Re) is planning to establish a subsidiary in Egypt…
Low earners to get larger-than-expected tax cut
LEGISLATION WATCH- Low income earners to get larger-than-expected tax cut on orders of President El Sisi: President Abdel Fattah El…
El Sisi reviews draft FY2020-2021 budget
BUDGET WATCH- President Abdel Fattah El Sisi reviewed the FY2020-2021 draft budget with senior cabinet ministers yesterday, an Ittihadiya statement…
Global equities jump following Trump’s emergency decree to fight covid-19
Global equities cap wild week of trading with late Friday surge on stimulus hopes: Global stocks surged on the final…
21 dead as ‘Dragon storm’ pummels Egypt
21 people have been reported dead after rain, wind, sand and lightning pummeled the country in what has been dubbed…
Cabinet approves plan for five-year tourist visas
CABINET WATCH- Madbouly cabinet approves plan for five-year tourist visas: The cabinet has approved plans to introduce a new five-year…
MNHD looks to offload its utilities arm
M&A WATCH- MNHD looks to offload its utilities arm: Madinet Nasr Housing and Development (MNHD) appears to be exploring the…
Market regulator mulls moving a lawsuit against Adeptio
DISPUTE WATCH- Market regulator mulls moving a lawsuit against Adeptio chairman: The Financial Regulatory Authority (FRA) is considering filing charges…
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