Latest in Highlight
New law includes exemption from establishment, stamps, contract fees, registration for 5 years: Nasr
Ministry is considering compensating companies by 10-30% of contracts’ value despite losses exceeding this amount
The decline in investment in tourism transportation was not great during 2010, and it would have been able to recover in 2011 had the 25 January Revolution not taken place
The Ministry of Petroleum and Mineral Resources introduced a list including eight petroleum and petrochemical companies to the Ministry of Investment and ICapital—a National Investment Bank company and coordinator of the IPOs programme—to be in charge of offering part of their shares or increasing their capitals through the Egyptian Exchange (EGX). Minister of Petroleum Tarek …
Egyptian banks, however, are seeking to make their loans more competitive with other funding sources to increase their funding share
German think tank 2b AHEAD states that Egypt is North Africa’s economic haven, despite all political turmoil
The state companies are joining trading houses like Glencore and Vitol and large oil firms like BP and Shell to take advantage of the retreat from trading by banks because of the greater regulation of banking activities that followed the 2008 financial crisis.