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Earnings watch: Elsewedy Electric net profits fall 32% in 1Q2019
EARNINGS WATCH- Elsewedy Electric reported a 32% y-o-y drop in net profit to EGP 957.2 mn in 1Q2019, down from…
Tax break scheme for Egyptian exporters launches tomorrow on trial basis
Tax breaks for exporters to launch tomorrow on trial basis: The Tax Authority will meet tomorrow with leaders of Egypt’s…
UK trade secretary meets Amr Nassar for trade talks
Trade minister holds talks with UK trade secretary on post-Brexit ties: British trade secretary Liam Fox sat down with Trade…
Egypt could combine stamp duty, capital gains taxes on EGX investments
Egypt could combine stamp duty and capital gains taxes on stock market investments to reduce the financial burden on investors,…
Lighthouse Research says EGP still pegged
The EGP is still “tightly managed” and will continue to appreciate, Dubai-based Lighthouse Research said in a note (pdf). The…
Crypto businesses will need to obtain licenses under proposed Banking Act
LEGISLATION WATCH- Aspiring crypto businesses are going to need licenses: Companies looking to establish digital currency and cryptocurrency platforms will…
ECA calls foul on Delivery Hero-Glovo “arrangement,” orders Glovo to come back to Egypt
ECA calls foul on Delivery Hero-Glovo “arrangement,” orders Glovo to come back to Egypt: The Egyptian Competition Authority (ECA) said…
Bombardier confirms being tapped as preferred bidder for Egypt’s monorail
Bombardier says its consortium has been tapped as preferred bidder for monorail project: A consortium of Orascom Construction, Arab Contractors,…
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