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Thursday, 8 December 2016

What we’re tracking on 7 December 2016

** We’re pleased to announce that we will unveil today our first Newsmaker of the Year. Look for a special email at 9am with a wide-ranging interview with the person in question.

The Health Ministry should be announcing the results of its week-long meetings with pharma companies at a press conference today. The Federation of Egyptian Industries’ pharma division held an emergency meeting yesterday to discuss a reported offer from the ministry to allow the prices of 10% of all medicines to increase by up to 50% every six months, which they had initially rejected due to its extended timespan, Al Mal reports. Minister Ahmed Rady denied earlier this week that the offer had been made.

Number of days by which the executive regulations for the value-added tax act are overdue: 62. That’s two months and one day.

New, revised deadline for the executive regulations for the value-added tax: Someday, insha’Allah.

Day on which (by our math) our parent company’s first remittance of VAT is due to the Tax Authority: Today.

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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