Activity in Egypt’s non-oil economy contracted for a 27th month
Activity in Egypt’s non-oil economy contracted for a 27th month, with businesses seeing little prospect that high inflation and foreign-currency shortages will ease this…
Some state-owned and private-sector banks have stopped extending new letters of credit
Some state-owned and private-sector banks have stopped extending new letters of credit and documentary collection for importers amid the ongoing shortage of foreign currency.…
Egypt imposes new fees on tourist facilities
Egypt imposes new fees on tourist facilities. Egypt has imposed new fees on hotels, tourist facilities, restaurants, and bazaars as of March 1st for…
Qatar and Egypt signed Monday in Doha a deal to remove double taxation on income, and prevent tax invasion and avoidance, the Egyptian government announced in a statement
Qatar and Egypt signed Monday in Doha a deal to remove double taxation on income, and prevent tax invasion and avoidance, the Egyptian government…
Gordon Ramsay’s Egypt street-food pick is getting harder to afford
Gordon Ramsay’s Egypt street-food pick is getting harder to afford. Spiraling food prices are putting Koshary, a traditional food of the working class, beyond…
The aircraft narrative shifted from “soft landing” to “no landing”, and stronger U.S. economic data had been the pressing theme
Egypt seals multimillion-dollar industrial agreements with 3 Arab states
Egypt seals multimillion-dollar industrial agreements with 3 Arab states. Egypt signed 12 agreements and partnerships with the UAE, Jordan, and Bahrain for 9 integrated…
Fuel subsidies in Egypt jump 290% in 6 months to 66 billion EGP
Fuel subsidies in Egypt jump 290% in 6 months to 66 billion EGP. The Egyptian government aimed not to exceed subsidies for petroleum products…
Egypt’s debut sukuk sale 4x oversubscribed at 6.1 billion USD
Egypt’s debut sukuk sale 4x oversubscribed at 6.1 billion USD. Egypt has succeeded in issuing its debut sukuk as it was oversubscribed by more…
