{"id":609028,"date":"2023-10-30T00:00:00","date_gmt":"2023-10-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/"},"modified":"2023-10-30T00:00:00","modified_gmt":"2023-10-30T00:00:00","slug":"cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/","title":{"rendered":"Cigarettes are going to be getting pricier with a new value-added tax"},"content":{"rendered":"

Good morning, wonderful people. <\/strong>It looks like you can thank Israel\u2019s war on Gaza for the extension of our rolling blackouts \u2014 and surprising exactly nobody who\u2019s been house-hunting of late, worries about further devaluation have driven up prices in the real estate market. <\/p>\n

On the good news front: We have a ton of manufacturing announcements.<\/strong> Schneider Electric is committing fresh capital to expand its Badr City plant, Samsung is investing more in a new mobile phone facility than previously expected, and more golden licenses have just been issued. It underscores a big theme taking shape for 2025: If you make something here for export, the future is looking awfully bright (if you\u2019re not paying credit-card interest rates to build or expand your facility\u2026)<\/p>\n

THE BIG STORY ABROAD remains Israel\u2019s war on Gaza. <\/strong>We have the latest developments in this morning\u2019s War Watch, below. <\/p>\n

The business press is now focused on what it all means for the oil market: <\/strong>Oil prices fell in a response to Israel\u2019s \u201cmore cautious\u201d ground offensive in Gaza. Brent oil prices dropped below USD 90 a barrel earlier this morning after a 1.1% decline. This comes at a time when investors are bracing for volatility in the oil market, with expectations that Brent prices could jump past the USD 100 a barrel mark. (Bloomberg<\/a> | Reuters<\/a> | Wall Street Journal<\/a>)<\/p>\n

^^ We have more on the jitters gripping stock market investors and commodity traders in this morning\u2019s Planet Finance, below. <\/p>\n

HAPPENING TODAY-<\/strong><\/p>\n

<\/a> #1- More empty talk<\/strong> of a ceasefire? <\/strong>The UN Security Council is meeting today<\/a> for a UAE-requested emergency session on the war in Gaza in which the UAE will try to reach a binding resolution for an immediate humanitarian pause to the fighting in Gaza, CNN<\/a> reports, citing unnamed sources.<\/p>\n

The US has so far used its security council veto to <\/strong>block<\/a><\/strong>two resolutions<\/strong> calling for a ceasefire<\/strong> \u2014 one that would have called for a temporary truce to allow the entrance of humanitarian aid and another for a full ceasefire<\/a> put forward by Russia. The US instead advanced its own competing draft resolution calling for a humanitarian pause instead of a ceasefire, which was blocked after the UAE, China, and Russia voted against it. <\/p>\n

\n

\n

#2- Zero-coupon bond auction: <\/strong>The Central Bank of Egypt will issue EGP 750 mn worth of three-year zero-coupon bonds today, Al Mal<\/a> reports. Zero-coupon bonds<\/a> are debt instruments that do not pay interest, but are bought and sold at a heavy discount. <\/p>\n

Remember: <\/strong>The government resurrected zero-coupon bonds in 2021 after almost five years as part of its efforts to diversify its sources of funding and prioritize long-term debt.<\/p>\n

\n

\n

<\/a> #3- G7 will set up its AI code of conduct: <\/strong>G7 leaders will meet today to agree on avoluntary code of conduct for companies developing advanced AI systems, according to a document seen by Reuters<\/a>. The rulebook will contain guidance that \u201caims to promote safe, secure and trustworthy AI worldwide \u2026 and is meant to address the risks and challenges brought by these technologies.\u201d This would mark the latest step in the Hiroshima Process<\/a> \u2014 a G7 initiative to unify AI rules and establish a coordinated approach to AI governance. <\/p>\n

WATCH THIS SPACE- The Biden White House is also expected to release AI guidelines this week<\/strong>, though they may be tougher (and less voluntary) than what the G7 has in mind. Politico<\/a>, which broke the news, says the executive order will look to \u201calter the AI landscape\u201d and will set \u201cnumerous\u201d federal agencies to work looking into the risks of AI alongside new uses for the technology.<\/p>\n

HAPPENING THIS WEEK-<\/strong><\/p>\n

The CBE\u2019s Monetary Policy Committee will meet on Thursday<\/strong> to review rates. We\u2019ll be out with our customary pre-MPC poll later this week.<\/p>\n

It\u2019s also Fed week: <\/strong>The Federal Reserve kicks off its two-day policy meeting tomorrow. Investors have an eventful Wednesday ahead as they await the US Treasury\u2019s announcement regarding its quarterly refunding plan to be unveiled hours before the Fed announces its decision on interest rates, Bloomberg<\/a> noted. <\/p>\n

SIGN OF THE TIMES-<\/strong><\/p>\n

<\/a> #1-<\/strong>Egyptian travel giant Travco has seen cancellations for reservations throu<\/strong>gh the end of <\/strong>the year hit the 50% mark<\/strong> as holidaymakers look to other corners of the world on concerns over Israel\u2019s war on Gaza, Asharq Business<\/a> reports. <\/p>\n

Who\u2019s canceling? <\/strong>Holidaymakers from Germany, England, Belgium, and Sweden are the primary sources of cancellations, the business news outlet quotes Travco boss Hamed El Chiaty as saying.<\/p>\n

Watch this space: <\/strong>Cancellations could spill over to next year, as bookings for the new year have slowed down significantly since the outbreak of hostilities, El Chiaty reportedly added. <\/p>\n

#2- Egypt and Turkey, BFFS: <\/strong>Egypt\u2019s Foreign Ministry yesterday congratulated Turkey on its 100-year anniversary of the founding of its republic. \u201cWe look forward to strengthening our historical relations, building on the distinguished bonds of friendship and cooperation,\u201d the ministry\u2019s spokesperson said<\/a>.<\/p>\n

\n
\n
\n
\n

\n Get Enterprise<\/b> daily
\n <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n

IN THE HOUSE-<\/strong><\/p>\n

<\/a> Smokes are getting pricier: <\/strong>The House yesterday passed a government-drafted amendment to the VAT Act imposing an EGP 0.50 VAT on all tobacco products, including heated tobacco products and liquid tobacco. House Planning and Budget Committee head Fakhri El Fiqi said that the tax will raise some EGP 8 bn, while House Agriculture Committee head Hesham El Hosary recommended that the proceeds from the tax \u201cbe used to spend on health services.\u201d<\/p>\n

The news comes as the market continues to grapple with a shortage of cigarettes <\/strong>that has sent prices spiraling and seen parallel-market imports. Just around 33% of adult males in Egypt<\/a> smoke, according to CAPMAS figures out earlier this year. <\/p>\n

Another move to boost exports: <\/strong>The House also passed a bill establishing the EgyptianExport and Investment Guarantee Agency (EEIGA) to promote Egyptian exports \u2014 replacing the Export Credit Guarantee Company of Egypt<\/a>. The move comes amid government efforts to increase<\/a> exports to USD 100 bn a year by the middle of the decade. <\/p>\n

About the EEIGA: <\/strong>The new agency, like the one it is replacing, will facilitate the export processfor Egyptian exporters, offering them credit guarantees and technical assistance. It will have a paid-up capital of EGP 50 mn and an authorized capital of EGP 600 mn. It remains unclear how the new agency will differ from the one it is replacing. <\/p>\n

On the agenda today:<\/strong> The House will discuss and vote on three draft bills<\/a> authorizing the OilMinistry to contract ExxonMobil<\/strong> and Pico Petroleum<\/strong> to explore for oil in the Mediterranean and Gulf of Suez in partnership with various local players. A bill will also be put forward to establish a new National Council for Childhood and Motherhood<\/strong>. MPs will also vote on a EUR 670k grant from the Spanish Agency for International Development Cooperation<\/strong> to help overhaul<\/a> how the agriculture sector uses water, and a USD 500 mn loan<\/a> from Deutsche Bank<\/strong> and Bank ABC<\/strong> to support the state budget.<\/p>\n

DATA POINTS-<\/strong><\/p>\n

<\/a> #1- Families on USD 5k+ incomes down 65% this year, says Fitch<\/strong> Solutions: <\/strong>The number of Egyptian families earning over USD 5k a year is set to fall to 12.1% of the population in 2023, from 34.2% of families in 2022, according to data from Fitch Solutions, reports Al Borsa<\/a>. The number of families earning over USD 10k will fall to 1.6% of the population from 4.5% in 2022. <\/p>\n

#2- Gold<\/strong> reserves slip:<\/strong>Egypt\u2019s gold reserves fell 2.8% to EGP 235.6 bn in September from EGP 242.4 bn the month before, Ahram Online<\/a> reported citing data from the central bank. <\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, wonderful people. It looks like you can thank Israel\u2019s war on Gaza for the extension of our rolling blackouts \u2014 and surprising exactly nobody who\u2019s been house-hunting of late, worries about further devaluation have driven up prices in the real estate market. On the good news front: We have a ton of manufacturing […]<\/p>\n","protected":false},"author":1,"featured_media":609029,"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":[7204],"tags":[72,274,69,7401,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-609028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-house-of-representatives","tag-tax","tag-tobacco","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"16f18ec2-6328-4d7a-9884-e76a29c1170b","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/10\/1433.jpg","photo_position":"above","homepage_title":"","full_issue_title":"MPs pass tax hike on cigarettes","related_issue":[609026],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.60859084-d33f-47cf-9e11-e0c5e05c5a66.mp3"},"yoast_head":"\nCigarettes are going to be getting pricier with a new value-added tax - 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\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cigarettes are going to be getting pricier with a new value-added tax\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people. It looks like you can thank Israel\u2019s war on Gaza for the extension of our rolling blackouts \u2014 and surprising exactly nobody who\u2019s been house-hunting of late, worries about further devaluation have driven up prices in the real estate market. On the good news front: We have a ton of manufacturing […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-30T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1433.jpg?fit=%2C&ssl=1\" \/>\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=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cigarettes are going to be getting pricier with a new value-added tax\",\"datePublished\":\"2023-10-30T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/\"},\"wordCount\":1261,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1433.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"House of Representatives\",\"tax\",\"tobacco\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/\",\"name\":\"Cigarettes are going to be getting pricier with a new value-added tax - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1433.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-10-30T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1433.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1433.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cigarettes are going to be getting pricier with a new value-added tax\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Cigarettes are going to be getting pricier with a new value-added tax - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/","og_locale":"en_US","og_type":"article","og_title":"Cigarettes are going to be getting pricier with a new value-added tax","og_description":"Good morning, wonderful people. It looks like you can thank Israel\u2019s war on Gaza for the extension of our rolling blackouts \u2014 and surprising exactly nobody who\u2019s been house-hunting of late, worries about further devaluation have driven up prices in the real estate market. On the good news front: We have a ton of manufacturing […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-10-30T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1433.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Cigarettes are going to be getting pricier with a new value-added tax","datePublished":"2023-10-30T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/"},"wordCount":1261,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1433.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM","House of Representatives","tax","tobacco","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/","name":"Cigarettes are going to be getting pricier with a new value-added tax - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1433.jpg?fit=%2C&ssl=1","datePublished":"2023-10-30T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1433.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1433.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/cigarettes-are-going-to-be-getting-pricier-with-a-new-value-added-tax\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Cigarettes are going to be getting pricier with a new value-added tax"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1433.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1433.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1433.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":646314,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/what-were-tracking-this-week-167\/","url_meta":{"origin":609028,"position":0},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"12 June 2017","format":false,"excerpt":"The stamp tax on capital market transactions could come into effect as early as this week.The House of Representatives will tackle the Labor Act this coming Thursday in a plenary session, while the House Manpower Committee will hold hearings on the Labor Unions Act starting mid-July.The House of Representatives has\u2026","rel":"","context":"In "What We\u2019re Tracking This Week"","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":666587,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/10\/stamp-tax-on-egx-transactions-heads-to-the-house-next-month\/","url_meta":{"origin":609028,"position":1},"title":"Stamp tax on EGX transactions heads to the House next month","author":"enterpriseam admin","date":"10 June 2025","format":false,"excerpt":"Good afternoon, friends and welcome back. It has been a pretty quiet day on the business front and we expect things to stay calm as we hit the usual summer slowdown. THE BIG STORY TODAY- MPs will discuss introducing the stamp tax on EGX transactions when the House is back\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/4\/622.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":651959,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/what-were-tracking-this-week-210\/","url_meta":{"origin":609028,"position":2},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"26 February 2017","format":false,"excerpt":"Finance Minister Amr El Garhy will appear before the House of Representatives to discuss fiscal policy. It remains an open question whether he will answer questions from MPs on the agreement with the International Monetary Fund for a USD 12 bn extended fund facility.Also in the House this week: The\u2026","rel":"","context":"In "What We\u2019re Tracking This Week"","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600512,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/what-were-tracking-this-week-and-beyond-14\/","url_meta":{"origin":609028,"position":3},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"31 January 2019","format":false,"excerpt":"On Sunday, a Cairo court will hear the EUR 150 mn lawsuit against Peugeot Citroen.The case, in which a subsidiary of Arabian Investments, Development and Financial Investment Holding Co. is suing Peugeot after the French automaker ended their 40-year partnership, had been delayed in mid-December. Egypt\u2019s Emirates NBD PMI is\u2026","rel":"","context":"In "Up Next"","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632849,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/what-were-tracking-on-21-february-2018\/","url_meta":{"origin":609028,"position":4},"title":"What we\u2019re tracking on 21 February 2018","author":"enterpriseam admin","date":"21 February 2018","format":false,"excerpt":"Amr El Garhy is projecting revenues in FY2018-19 will reach EGP 1 tn, a first in the country\u2019s history, Finance Ministry sources told Al Mal on Tuesday. The statements come as the ministry has begun drafting the budget for the next fiscal year with the hope of introducing it to\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559474,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/what-were-tracking-on-24-january-2021\/","url_meta":{"origin":609028,"position":5},"title":"What we\u2019re tracking on 24 January 2021","author":"enterpriseam admin","date":"24 January 2021","format":false,"excerpt":"Good morning, friends. The big news this morning: Egypt\u2019s covid-19 vaccination campaign kicks off today targeting the most at-risk frontline healthcare workers \u2014 and we\u2019ll know more about the plan for a wider rollout later in the day as Health Minister Hala Zayed holds a presser this morning. It\u2019s early\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/609028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=609028"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/609028\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/609026"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/609029"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=609028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=609028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=609028"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=609028"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=609028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}