• Saturday, 2 January 2016

    President El Sisi Issues Decree for the House of Representatives to Convene and for the Appointment of 28 members

    31 December 2015 Today, President Abdel Fattah El Sisi issued presidential decree number 561 for the year 2015, calling on the House of Representatives to convene on Sunday morning, January 10, 2016. He also issued presidential decree number 560 for...
  • Thursday, 17 December 2015

    A two-step on the VAT?

    A two-step on the VAT? It looked for a little while yesterday as if we weren’t having a VAT after multiple news reports that the Finance Ministry is now considering alternatives to implementing the value added tax (VAT). Al Shorouk...
  • Wednesday, 16 December 2015

    Egypt shut out of Middle East solar power industry awards

    A decisive commitment to renewable energy was a hallmark of Egypt’s energy policy this year, but the jury for the Middle East Solar Industry Association skipped Omm El Donia in its annual industry awards. The Dubai Electricity and Water Authority...
  • Thursday, 10 December 2015

    A contrarian view: The CBE’s approach to bank regulation is doing the economy a “monstrous disservice”

    The Central Bank of Egypt is doing the economy a monstrous disservice — and it has nothing to do with the USD exchange rate. While media attention around the CBE is focused on its management of foreign exchange rates, the CBE...
  • Tuesday, 8 December 2015

    Do we need devaluation, or just want it?

    I spend more time than most on the road talking about Egypt, and my day job provides me with more information than your average bear on the views of both foreign analysts and Egypt’s business community. And when I say...
  • Tuesday, 1 December 2015

    Egyptian-American Enterprise Fund announces major investment in Sarwa Capital S.A.E.

    Cairo, Egypt, November 31, 2015 – The Egyptian-American Enterprise Fund (“EAEF”) today announced that it has entered into conditional binding agreements to invest in Sarwa Capital S.A.E. (“Sarwa Capital”), a pioneer in consumer finance, leasing and securitization in Egypt. The...
  • Friday, 20 November 2015

    40 Rules of the Siege

    The 13th century poet Rumi had Forty Rules of Love. Syrians have the 40 Rules of Siege, written piecemeal by 25-year-old Abdullah Al-Khateeb, a former sociology student and resident of Yarmouk, which the Guardian describes as the “once-bustling once-bustling neighbourhood...
  • Thursday, 12 November 2015

    EFG Hermes, EAEF confirm Fawry transaction

    News circulating once more on acquisition of majority stake in Fawry at a valuation of EGP 773 mn. News of Fawry’s acquisition by a consortium including Helios Investment Partners, the Egyptian-American Enterprise Fund, and EFG Hermes’ MENA Long-Term Value Fund...
  • Sunday, 8 November 2015

    Key highlights from the Flight 9268 investigative committee press conference

    The chairman of the committee investigating the flight 9268 crash, Ayman El Mokadem, held a press conference in Cairo on Saturday, 7 November. Among the highlights: Starting point of the press conference, statement of the investigative committee read by its chair...

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