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House to vote on commercial rents after the summer recess
LEGISLATION WATCH- House to vote on commercial rent law during next legislative session: The House of Representatives is expected to…
Egypt’s cabinet approves establishing new central clearing company
Cabinet econ group green lights new central clearing company for debt: The Madbouly Cabinet’s economic group approved on Friday establishing…
Egypt to dedicate EGP 6 bn annually in the budget for exports subsidies
Government to dedicate EGP 6 bn per year to export subsidies: The government will set aside EGP 6 bn annually…
Gov’t agrees to start incentives for car manufacturers that use at least 45% local content
EXCLUSIVE- Cabinet agrees in principle on incentives for car manufacturers that use at least 45% local content: The cabinet has…
Swvl raises USD 42 mn, largest ever funding round for an Egyptian startup
STARTUP WATCH- Swvl raises USD 42 mn in the largest-ever funding round for an Egyptian startup: Egypt’s Swvl has raised…
Egypt to sell 10-15% stake in e-Finance in 4Q2019 IPO
IPO WATCH- Gov’t to offer 10-15% stake in e-Finance in 4Q2019: The government is planning to sell 10-15% of its…
Egypt to receive USD 9 bn under Trump administration’s Mideast ‘Peace to Prosperity’ economic plan
Egypt to receive USD 9 bn under Trump administration’s Mideast ‘Peace to Prosperity’ economic plan: Egypt will receive as much…
Correction
CORRECTION- We reported yesterday that Attijariwafa Bank has named Hicham Seffa (LinkedIn) as managing director in Egypt to succeed Halla…
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