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Infrastructure 
Orascom Construction adds USD 935 mn of backlog in 2Q
Orascom Construction boosts backlog with USD 935 mn in new projects in 2Q2019: Orascom Construction has added USD 935 mn…
Egypt approves Energean’s takeover of Edison’s oil and gas assets in Egypt
M&A WATCH- Oil Ministry approves Energean’s acquisition of Edison’s Egypt oil and gas assets: Oil Minister Tarek El Molla has…
Egypt targets USD 700 mn of new investments in mining sector by 2030
The government wants to reel in USD 700 mn of new investments into the mining sector by 2030 and increase…
Draft Pensions Act sets social security rates for Egypt’s public and private sector employees
LEGISLATION WATCH- Employees will see 21% of their salaries go towards their pensions under the draft Social Security and Pensions…
Ezz Steel reports consolidated loss of EGP 1.28 bn in 1Q2019
EARNINGS WATCH- Ezz Steel has reported a consolidated net loss of EGP 1.28 bn in 1Q2019, compared to a EGP…
AfCFTA’s operational phase launched at AU summit
African Union launches African trade zone at Niger summit: The African Union (AU) formally launched the African Continental Trade Area…
Egypt mulling tax incentives for prospective EGX listings
EXCLUSIVE- Gov’t mulling tax incentives for prospective EGX listings: The government is studying a proposal to provide tax breaks to…
Egypt’s administrative court suspends 15% import on iron billets
Administrative court suspends 15% import fee on iron billets: The Supreme Administrative Court has suspended the 15% import duty on…
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