{"id":553755,"date":"2021-07-02T07:13:07","date_gmt":"2021-07-02T07:13:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/02\/your-top-5-pieces-of-business-and-economic-news-in-june\/"},"modified":"2021-07-02T07:13:07","modified_gmt":"2021-07-02T07:13:07","slug":"your-top-5-pieces-of-business-and-economic-news-in-june","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/02\/your-top-5-pieces-of-business-and-economic-news-in-june\/","title":{"rendered":"Your top 5 pieces of business and economic news in June"},"content":{"rendered":"<p>Your top 5 pieces of business and economic news in June:<sup><\/sup><\/p>\n<ul>\n<li><strong>France plans to be our third-largest source of FDI<\/strong>: France wants to be the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/548e9c5f-fc70-4553-8e5f-edc63e2721e3\">third-largest foreign investor<\/a> in Egypt, French Finance Minister Bruno Le Maire tells Enterprise in an exclusive interview.<\/li>\n<li><strong>Unified Tax Act executive regs are here<\/strong>: The final version of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eebf8999-4d8f-4343-98cd-5513a881d101\">Unified Tax Act\u2019s executive regulations<\/a> are published, detailing how the newly-launched single tax portal will work and outline instructions for taxpayers on using the platform to file and pay all types of state dues.<\/li>\n<li><strong>Interest rates on hold for fifth consecutive time<\/strong>: The CBE\u2019s Monetary Policy Committee left <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60724e27-ccfe-4819-817b-1bf008c6ac37\">interest rates unchanged<\/a> as it looks to preempt a possible increase in inflation, which already accelerated to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a19da710-1330-415c-8993-290f63133dcb\">4.8% in May<\/a>.<\/li>\n<li><strong>Four companies to IPO on the EGX in 2H2021<\/strong>: The EGX could see as many as<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d76af368-d2af-47da-a931-c394fcc6c8f1\">four companies debut shares<\/a> during the second half of the year, with possible candidates including Ebtikar, E-Finance and Macro Group.<\/li>\n<li><strong>Nafeza customs system postponed until October:<\/strong> The Finance Ministry has delayed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fa0781e5-12b0-479f-ad39-29caa0d05139\">the deadline to register for the one-stop platform, Nafeza<\/a>, to October from the initial 1 July deadline.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Your top 5 pieces of business and economic news in June: France plans to be our third-largest source of FDI: France wants to be the third-largest foreign investor in Egypt, French Finance Minister Bruno Le Maire tells Enterprise in an exclusive interview. Unified Tax Act executive regs are here: The final version of the Unified [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9513],"tags":[2604,2611],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-553755","post","type-post","status-publish","format-standard","hentry","category-your-top-5","tag-enterpriseyourwealth","tag-your-top-5","wpautop","entry"],"acf":{"mongo_id":"43394133-2630-4ec7-8dd3-bce5aa9c08b0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[553743],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Your top 5 pieces of business and economic news in June - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/02\/your-top-5-pieces-of-business-and-economic-news-in-june\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Your top 5 pieces of business and economic news in June\" \/>\n<meta property=\"og:description\" content=\"Your top 5 pieces of business and economic news in June: France plans to be our third-largest source of FDI: France wants to be the third-largest foreign investor in Egypt, French Finance Minister Bruno Le Maire tells Enterprise in an exclusive interview. Unified Tax Act executive regs are here: The final version of the Unified [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/02\/your-top-5-pieces-of-business-and-economic-news-in-june\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-02T07:13:07+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/02\/your-top-5-pieces-of-business-and-economic-news-in-june\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/02\/your-top-5-pieces-of-business-and-economic-news-in-june\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Your top 5 pieces of business and economic news in June\",\"datePublished\":\"2021-07-02T07:13:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/02\/your-top-5-pieces-of-business-and-economic-news-in-june\/\"},\"wordCount\":194,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseYourWealth\",\"YOUR TOP 5\"],\"articleSection\":[\"YOUR TOP 5\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/02\/your-top-5-pieces-of-business-and-economic-news-in-june\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/02\/your-top-5-pieces-of-business-and-economic-news-in-june\/\",\"name\":\"Your top 5 pieces of business and economic news in June - 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Aramco currently pays a 20% royalty on its revenue and an 85% tax on income. \u201cThe royal decree falls in line with an earlier promise that Saudi Arabia will reduce the overall tax\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576747,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/01\/your-top-5-pieces-of-business-and-economic-news-in-april-2\/","url_meta":{"origin":553755,"position":1},"title":"Your top 5 pieces of business and economic news in April","author":"enterpriseam admin","date":"1 May 2020","format":false,"excerpt":"Your top 5 pieces of business and economic news in April: Egypt will be the only country in the region to maintain growth as the world tips into recession -IMF: The IMF predicted that Egypt will be the only MENA country to see its economy expand, anticipating 2% GDP growth\u2026","rel":"","context":"In &quot;YOUR TOP 5&quot;","block_context":{"text":"YOUR TOP 5","link":"https:\/\/enterpriseam.com\/egypt\/category\/your-top-5\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601254,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/24\/el-sisi-ratifies-new-tax-treatment-for-egyptian-banks\/","url_meta":{"origin":553755,"position":2},"title":"El Sisi ratifies new tax treatment for Egyptian banks","author":"enterpriseam admin","date":"24 February 2019","format":false,"excerpt":"LEGISLATION WATCH- El Sisi ratifies new tax treatment for banks: President Abdel Fattah El Sisi has signed off on proposed amendments to the Income Tax Act that change how banks and corporations account for income from investments in government debt, according to a Finance Ministry statement (pdf). The ministry will\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636129,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/21\/imf-executive-board-signs-off-on-usd-2-bn-disbursement\/","url_meta":{"origin":553755,"position":3},"title":"IMF executive board signs off on USD 2 bn disbursement","author":"enterpriseam admin","date":"21 December 2017","format":false,"excerpt":"IMF executive board signs off on USD 2 bn disbursement: The Executive Board of the IMF announced on Wednesday that it has completed its second review of Egypt\u2019s economic reform program, which will unlock a USD 2.03 bn tranche of the USD 12 bn Extended Fund Facility. The sign-off brings\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645750,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/stamp-tax-executive-regulations-income-tax-breaks-out-in-official-gazette\/","url_meta":{"origin":553755,"position":4},"title":"Stamp tax executive regulations, income tax breaks out in Official Gazette","author":"enterpriseam admin","date":"30 July 2017","format":false,"excerpt":"Stamp tax on EGX transactions, income tax cuts are now official: The amended executive regulations for the new stamp tax on capital market transactions were published in Wednesday\u2019s issue of the Official Gazette, AMAY said on Friday. The stamp tax \u2014 a 0.125% levy imposed on both sides of any\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647305,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/second-installment-of-imf-loan-to-be-disbursed-in-june-el-garhy\/","url_meta":{"origin":553755,"position":5},"title":"Second installment of IMF loan to be disbursed in June -El Garhy","author":"enterpriseam admin","date":"8 May 2017","format":false,"excerpt":"Speaking to the press on Sunday, El Garhy said he expects the second installment of the IMF\u2019s loan to Egypt to be disbursed in June, according to Reuters. 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