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Emaar Misr appoints Moustafa El Kadi as new CEO
MOVES- Emaar Misr has tapped Moustafa Mounir Moustafa El Kadi (LinkedIn) as the company’s new CEO, according to a company…
Regs for IDA autonomy ready by month-end
LEGISLATION WATCH- Regs for granting IDA independence from Trade Ministry ready by month-end: The Industrial Development Authority is planning to…
Draft Insurance Act details leaked
LEGISLATION WATCH- Insurance Act to substantially increase minimum capital requirement for insurance companies: The new Insurance Act would raise the…
AMOC shareholders decide to postpone stake sale until profitability rebounds
AMOC shareholders decide to postpone stake sale until profitability restored: Shareholders in the Alexandria Mineral Oils Company (AMOC) have decided…
FRA looking to file criminal case against Beltone officials over Sarwa IPO
FRA looking to file criminal case against Beltone officials over Sarwa IPO: The Financial Regulatory Authority (FRA) is looking to…
Gov’t to implement fuel pricing mechanism on 95 octane gasoline in 2Q2019
95 octane fuel could move up or down 10% thanks to new price mechanism: The price of 95 octane gas…
Egypt’s FX reserves fall for first time after EGP float
Foreign reserves have fallen for the first time in two years: Egypt’s net foreign reserves fell in December for the…
Income Tax Act amendments to equalize capital gains tax imposed on corporates
LEGISLATION WATCH- Income Tax Act amendments to impose 10% capital gains tax on all corporates: Proposed amendments to the Income…
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