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Cabinet approves amendments to Income Tax Law, draft law regulating billboards
CABINET WATCH- The Ismail Cabinet approved yesterday amendments to the Income Tax Law to facilitate procedures for submitting tax declaration…
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Banque Misr considers lower interest rates on highest-yielding CDs or scrapping them in 2H2018
Banque Misr considers lower interest rates on highest-yielding CDs, could scrap them in 2H2018: Banque Misr plans to lower yields…
Sugar project the largest non-oil FDI since EGP float -Nasr
Al Ghurair Group’s vertically integrated sugar plant in Egypt is the biggest non-oil foreign direct investment transaction in Egypt since…
Edita looking into overseas production, expansion
Edita, Egypt’s largest producer of packaged snack food, is planning to start overseas operations to offset local currency fluctuations, Bloomberg’s…
Economists say growth will fall far below government’s estimates this year
Economists polled by Reuters Arabic are not as optimistic as the IMF or the Ismail government on Egypt’s growth prospects.…
IMF releases report on second review of economic reform program
The IMF released its report on the second review of the economic reform program, and as expected, the performance review…
Sweeping amendments to Companies Act regs coming
LEGISLATION WATCH- Look out for sweeping amendments to the Companies Act now in the pipeline. The Investment Ministry has finished…
Anan detained by army, campaign organizers say
Former military chief of staff Sami Anan was detained yesterday after the army summoned him for questioning over his bid…
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