Property tax: Will it reach government’s expectations?
FY 2016/2017 property tax is estimated at EGP 2.4bn and expected to collect EGP 1.1bn
Sara Aggour
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EGX-30 to range between 7,600 points and 8,100 points
Market capitalisation of listed stocks increased by 2.2% this past week
Implementation of VAT to generate EGP 35bn in FY 2016/2017: Ministry of Finance official
Parliament is yet to discuss and vote on the implementation of the Value Added Tax
The Egyptian real estate leaders: how well are they doing?
The business of the Egyptian real estate market has been flourishing despite political turmoil. In this feature, Daily News Egypt compared the relative performances of the real estate companies in the past year with attention to their net profits. TMG Talaat Mostafa Group’s consolidated net profits during the first nine months of the year totaled …
Saudi officials meet with Saudi, Egyptian businessmen
A Saudi-Egyptian forum to take place on Saturday
EPPC plans an IPO in mid-2017: Amwal Al-Khaleej executive
Amwal Al-Khaleej is targeting new investments in healthcare, pharmaceutical sectors in Egypt
Cleopatra Holding submits EGP 80m request to list in EGX
EFG Hermes was selected as the company’s financial adviser
Egyptian ministers praise Egypt-Saudi cooperation
Several cooperation agreements are expected to be signed during King Salman’s visit
The war of wages: maximum wages loses the fight
Legal technicalities push several public institutions out of the maximum wage law
CIB’s decline to keep EGX-30 below 7,700: analyst
Benchmark index surged by 22.4% this past month
HSBC to introduce mortgage loans in 2016
Loans to be introduced to premier clients first
As the faces of minsters change, so do economic goals: analysis of the government’s plan
The government revises its goals after facing several local and economic hurdles
HSBC’s latest report shows that 75% of Egyptians are not ready to retire: executive
The bank saw growth in its asset lending book in 2015, reaching 16%, but a drop in the liability front during fourth quarter of the year because the saving certificates issued locally
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BFH approves acquisition of Arab Finance for EGP 23m
The company also approved the acquisition of 70% shares of Reefy
Tourism’s recovery: promotional campaign is no longer hitting the mark
The Ministry of Tourism’s attempt to attract foreigners to visit Egypt came under fire amid a controversy surrounding the video used to encourage tourism displayed at the International Tourismus-Börse (ITB) Berlin, one of the world’s largest tourism conventions, held between 8 and 12 March. Conference attendees and social media users criticised the video for showcasing …
Ministry of Finance denies applying VAT on international schools
The news was heavily criticised by social media users
Nissan to maintain its 24-hour daily shift: chairperson
The company has plans to expand in Egypt but is waiting for the “right moment”
Is the CBE the only player to blame for the dollar crisis?
In a recent press conference, prominent economist and chief economic adviser at Allianz Mohamed Al-Arian warned that the country is risking over-dependence on the CBE to make the country’s monetary decisions.
Stable GDP growth predicted for FY 2016: FocusEconomics
The firm however projects that GDP growth will decline in 2017, also expecting Egypt and Israel to record the fastest growth in the MENA region
EGX to experience upwards trend in upcoming period: analysts
EGX-30 projected to range between 6,800 points and 7,000 points
Government must embrace technology: Sawiris
Uber claims to focus is on personal car users not taxi drivers, says Uber BOD
Different names, same purpose: The long history of patriotic donations
Egyptians have been asked to financially support the state for decades, from the Penny Project to Egyptian Aid, Egypt’s Renaissance, Support Egypt, and Tahya Masr
CI Capital, Beltone eye acquisition of electronic brokerage company
Sawiris applies to establish a €50m bank for SMEs in Luxembourg
EGX-30 expected to range between 5,900 and 6,200
Investors still wait for positive news to return to their purchasing behaviour
Passing of 209 ships indicates importance of new canal axis: Mamish
Navigation in Suez Canal back to normal after incident with Panamanian ship
Egypt, Japan sign 3 bilateral agreements worth $500m
The loans will finance three national projects
EGX-30 to range between 5,850 points and 6,150 points: Capital market analyst
Total value of traded securities recorded EGP 2.8bn, an official report issued by the EGX read
We are at the end of the economic road: El-Erian
Egypt risks falling into trap of relying too much on central bank, says prominent economist
SCZone commences negotiations with engineering firms to conduct infrastructural work: Darwish
SCZone has a flexible autonomous legal framework permitting it to take all decisions within the zone
Further pound devaluation expected: Investment bank analysts
US dollar projected to strengthen to EGP 9.5, leading formal and informal markets to bond