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Monday, 28 June 2021

Your top 5 pieces of business and economic news in June

Your top 5 pieces of business and economic news in June:

  • France plans to be our third-largest source of FDI: France wants to be the third-largest foreign investor in Egypt, French Finance Minister Bruno Le Maire tells Enterprise in an exclusive interview.
  • Unified Tax Act executive regs are here: The final version of the Unified Tax Act’s executive regulations are published, detailing how the newly-launched single tax portal will work and outline instructions for taxpayers on using the platform to file and pay all types of state dues.
  • Interest rates on hold for fifth consecutive time: The CBE’s Monetary Policy Committee left interest rates unchanged as it looks to preempt a possible increase in inflation, which already accelerated to 4.8% in May.
  • Four companies to IPO on the EGX in 2H2021: The EGX could see as many as four companies debut shares during the second half of the year, with possible candidates including Ebtikar, E-Finance and Macro Group.
  • Nafeza customs system postponed until October: The Finance Ministry has delayed the deadline to register for the one-stop platform, Nafeza, to October from the initial 1 July deadline.

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