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El Sisi orders gov’t to drop appeal against court ruling allowing annual pension increases
El Sisi orders gov’t to drop appeal against mandatory annual pension increases: President Abdel Fattah El Sisi issued an order…
FEI pushing for taxation on profit instead of revenue in Universal Healthcare Act
Business lobby proposes 1% surtax on net profit to fund healthcare system: The Federation of Egyptian Industries Tax and Customs…
Did the government have (another) change of heart on Egypt’s tuk-tuks?
Did the government have (another) change of heart on tuk-tuks? Egypt’s governors are looking into issuing public transport licenses for…
AfDB bans two GE units from bidding on power contracts following misconduct
GE subsidiary in Egypt is banned from bidding on AfDB power contracts: The African Development Bank (AfDB) has banned a…
SODIC signs purchase agreement for 500-acre plot in Egypt’s Sheikh Zayed
SODIC lands 500-acre plot in Egypt’s Sheikh Zayed: SODIC signed on Thursday a EGP 15.3 bn purchase agreement with the…
CBE gives Banque du Caire nod to buy out Cairo International Bank
M&A WATCH- CBE gives Banque du Caire the nod to buy out Cairo International Bank: The Central Bank of Egypt…
Fitch upgrades Egypt’s long-term credit rating to ‘B+’ with a stable outlook
Fitch Ratings has upgraded Egypt’s long-term foreign-currency issuer default rating to ‘B+’ with a ‘stable’ outlook. The agency said that…
Enterprise poll: CBE could cut rates by up to 100 bps this Thursday
SURVEY- CBE could cut key interest rates this Thursday: The Central Bank of Egypt (CBE) could cut its key interest…
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