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TONIGHT: It’s PMI day + Subsidized baladi bread might get a price raise. ALSO: Egypt has more medals in sight.
Good afternoon, nice people — who hope Tuesday has been kind to you, heat wave and all. The heat and…
Your electricity bill is going up
Your electricity bill is going up on 1 July — here’s how much you can expect to pay: Residential electricity…
More industries qualify for export subsidies under new program
We now have more details on the state’s new export subsidy program: Exporters in the automotive, ceramics, pharma, electronics, and…
Gov’t to slash subsidies doled out to help water companies cover expenses
State water companies will no longer be getting subsidies from the state to cover their spending shortfall starting next fiscal…
FinMin is hedging like it never hedged before
Egypt has nearly doubled its oil hedging contracts so far this fiscal year, as the government looks to lock in…
E-invoicing system gains steam with July ‘21 deadline for state entities
The public sector is getting an e-makeover with new requirements to register on the Tax Authority’s electronic invoicing system by…
2.3 mn jobs were lost during lockdown
Some 2.3 mn jobs were lost during the lockdown in 4Q2019-2020, according to statistics in the Finance Ministry report (pdf)…
Egypt to expand program to support poor students
SMART POLICY- As many as 1 mn additional students are lined up for state support to fund their education under…
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