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Sunday, 31 July 2016

What we’re tracking this week

The Egyptian Exchange will rebalance the EGX30 index on Monday, 1 August, removing Juhayna, Oriental Weavers, Crédit Agricole Egypt, South Valley Cement and United Arab Shipping and adding Egyptian Iron and Steel, Cairo Oils and Soap, Domty, Arabian Cement and Egypt Kuwait Holding, according to a statement from the exchange.

Hearings on the value-added tax continue at the House of Representatives Planning and Budget Committee on Tuesday, 2 August, Al Borsa reports. Representatives of the business community are due to attend.

The House Economic Committee will hold a special meeting this week on the FX crisis, with an eye to issuing recommendations to the government on how to tackle it, Al Masry Al Youm reports.

The Rio Olympics officially get underway on Friday, 5 August and wrap up on Sunday, 21, August.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

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