What we’re tracking this week
The executive regulations for the Investment Act are expected to be issued this week, Prime Minister Sherif Ismail had said. The regs are reportedly causing a stir among companies operating in private freezones, who are crying out against additional fees they will be forced to pay. Some of the fees are as high as 37.5% of total revenues, one investor tells Al Masry Al Youm.
An IMF delegation arrives in Cairo on Tuesday to review progress on the economic reform program, the Finance Ministry announced. Finance Minister Amr El Garhy and CBE Governor Tarek Amer met with IMF Chief Christine Lagarde, who “praised” Egypt’s reforms. El Garhy says the government has completed 80% of its intended “tough” reforms.
Friday is a big day for gadget geeks, Eighties fans and game aficionados:
- The iPhone 8 and 8 plus will officially launch in Egypt;
- The iPhone X becomes available for pre-order in many markets;
- All episodes of season two of Stranger Things drop on Netflix;
- The new Assassin’s Creed: Origins — set in Ancient Egypt — launches.
Can’t wait for season two of Stranger Things? Watch the final trailer again (runtime: 2:48) or catch Wired’s new interview with series creators the Duffer brothers.
Black Sabbath’s “The End” concert film is out on 17 November, and they’re teasing it by releasing footage from the band’s last-ever performance of Paranoid from their February performance in Birmingham. Watch (runtime: 4:19) on Loudwire.