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Kamel El Wazir sworn in as new transport minister
Transport Minister Kamel El Wazir was sworn in before President Abdel Fattah El Sisi yesterday, according to an Ittihadiya statement.…
El Sisi ratifies USD 1 bn loan from World Bank
President Abdel Fattah El Sisi has ratified a USD 1 bn loan from the World Bank to support the next…
Egypt’s parliament approves amendment to Natgas Act
LEGISLATION WATCH- Natgas authority won’t be able to hand out fines and then benefit from the proceeds: The House of…
Developers object to jail punishment in new law in the making
LEGISLATION WATCH- Developers object to jail terms in draft real estate development law: Real estate developers have voiced objections to…
Dutch development bank invests EUR 1 mn in Egypt-based payroll platform dopay
INVESTMENT WATCH- Dutch development bank FMO announced yesterday it has invested EUR 1 mn in Dopay, a digital payroll and…
Egypt parliament approves E-Payments Act
LEGISLATION WATCH- The House of Representatives’ general assembly approved the E-Payments Act yesterday, Al Shorouk reports. The law drafted by…
Banque du Caire IPO under Egypt’s privatization program postponed to 1Q2020
EXCLUSIVE- The IPO of state-owned Banque du Caire (BdC) could take place in 1Q2020, a senior government official told us.…
Egypt parliament looking to make 0.25% healthcare tithe tax-deductible
LEGISLATION WATCH- House looking to make 0.25% healthcare tithe tax-deductible: The House of Representatives is set to discuss within the…
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