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Egypt, Cyprus, Greece condemn Turkey’s oil exploration in the East Med
The unofficial theme of yesterday’s Egypt-Greece-Cyprus summit: ‘Turkey = bad’. Egypt, Greece and Cyprus condemned Turkey’s attempts to drill for…
Egypt’s draft Labor Act gets approval from House Manpower Committee
LEGISLATION WATCH- Labor Act receives House committee approval: The House Manpower Committee has approved the long-languishing Labor Act, and will…
20 South Korean companies looking to invest in Egypt
INVESTMENT WATCH- Twenty South Korean multinationals have appetite for Egypt, the Investment Ministry said yesterday in a statement following the…
AFD earmarks EUR 1 bn for Egypt development projects over coming 4 years
The French Development Agency (AFD) has allocated EUR 1 bn to fund projects in Egypt over the coming four years,…
Egypt’s BICC plans IPO within 3 years
IPO WATCH- BICC int’l school eyes IPO in the long term: The British International College of Cairo (BICC) plans to…
FinMin, Federation of Egyptian Industries committee finalize new Income Tax Act
EXCLUSIVE- FinMin’s new Income Tax Act would look to close loopholes enjoyed by multinationals, fully bring digital economy into the…
MPs slam economic reform program during Madbouly’s House statement
Prime minister’s statement to the House yesterday did little to dampen MPs’ criticism of government economic policy. The House of…
Gov’t proposes amendments to penal code to protect state-owned land against violations
LEGISLATION WATCH- Gov’t moves to tighten punishment for abusing state-owned land, trespassing: The House of Representatives gave a preliminary nod…
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