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Egypt scraps monthly customs rate, bringing back daily system
FinMin brings back daily customs rate, scrapping monthly system: The Finance Ministry has decided to scrap the monthly customs exchange…
EMRA to end bidding system for gold exploration licenses
Egyptian Mineral Resources General Authority to end bidding system for gold exploration licenses: The Egyptian Mineral Resources General Authority (EMRA)…
Egypt’s economy to grow 4.5% this fiscal year before accelerating to 6.0% in FY2021-2022
Egypt’s economy will grow at a 4.5% clip this fiscal year before accelerating to 6.0% in FY2021-2022, the Economist Intelligence…
FinMin to appoint Yasser Taimour as tax projects advisor
MOVES- The Finance Ministry will appoint Yasser Taimour as advisor for the development of tax projects and Waleed Abdullah as…
Egypt’s Suez Canal revenues fall 1.4% y-o-y to EGP 49.1 bn in 1H2019
Suez Canal revenues fell to EGP 49.1 bn (c. USD 2.98 bn) in 1H2019, down 1.4% y-o-y from EGP 49.8…
AMOC earnings tank in FY2018-2019
EARNINGS WATCH- AMOC earnings tank in FY2018-2019: Alexandria Mineral Oils Company’s (AMOC) net profits fell 69.7% y-o-y to EGP 450…
Egypt dominates African Games, winning record-breaking 273 medals
Egypt dominates African Games, landing record-breaking 273 medals: Egypt earned a record-breaking 229 medals at this year’s African Games, bringing…
TA Telecom spins off fintech startup NowPay after it secures USD 600k seed funding
STARTUP WATCH- TA Telecom has spun off Egyptian fintech startup NowPay after it raised USD 600k in seed funding from…
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