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Mondi in final stages of Suez Bags acquisition
M&A WATCH- Mondi in final stages of Suez Bags acquisition: Mondi Paper Sales has nearly finished its acquisition of a…
CBE repays final USD 500 mn installment of Afreximbank loan
The central bank made a final USD 500 mn payment to the African Export- Import Bank (Afreximbank) last Thursday on…
FDI down year on year in 2Q2017-18, exports up
Egypt’s total FDI inflows dropped to USD 3.48 bn in 2Q2017-18, down from USD 3.98 bn in the same quarter…
Amendments to Customs Act now with House committee; package includes incentives, white list of importers, crackdown on tourism car rentals
LEGISLATION WATCH- Potential amendments to the Customs Act are now with the Planning and Budget Committee for discussion, Al Mal…
House general assembly starts budget debate, gives gov’t one-month deadline for strategy to bring small businesses into formal economy
BUDGET WATCH- The House of Representatives’ general assembly is set to continue debating the FY2018-19 state budget today. Discussions kicked…
Taxman looking to collect VAT on e-commerce, online ad sales
EXCLUSIVE- The taxman is looking at imposing VAT on online ad buys and e- commerce transactions, sources in government tell…
Cabinet to announce new EGP 50-60 bn social protection package “within days,” tax breaks for low income earners in the offing
The Ismail Cabinet is reportedly days away from announcing a new EGP 50-60 bn social protection package, government sources said…
Egypt is home to the second highest number of major hotels in Africa
Egypt is home to the second highest number of major hotels in Africa, with 300 established hotels and resorts across…
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