Cabinet, FRA discuss proposed amendments to capital gains tax with stakeholders
The proposal also included tax treatment of investment funds, including cash and fixed income investment funds, equity funds, venture capital funds, and charity funds, in addition to cash dividends.
EIPICO obtains EDA approval to produce anti-COVID drug before mid-January 2022
EIPICO explained that manufacturing will commence under the supervision of the EDA, noting that production of Covapravir will take place using the unutilised capacities of the company.
CBE approves launch of e-portal for smartphone wallet management
There are over 25 million e-wallets now in Egypt, with 27% growth since 2020
President Al-Sisi asserts Egypt’s support for Chad during its transitional phase
Al-Sisi also asserted the distinguished historical relations between the two countries.
Existing vaccines still effective against new COVID-19 variants: Health Minister
In a report released by the Cabinet on the epidemiological situation locally and globally, the minister reviewed the developments regarding the Omicron variant and indicated that those infected with this…
Egypt expected to see EGP 5bn worth sukuk issuances in 1H 2022
The Financial Regulatory Authority recorded only one sukuk issuance worth EGP 2.5bn during 2021 by Contact Holding.
Washington urges diplomatic solution to reduce escalation between Moscow, Kiev
Price stressed that the US is considering with partners and allies the serious consequences that Russia would face if it invaded Ukraine.
World Food Programme warns of impending famine in Tigray region
WFP Representative in Ethiopia Stephen Ware Umamo said that full and timely food support is critical to alleviating the suffering of millions across Ethiopia and warned that millions could fall…
President Al-Sisi meets with Chief of Chad’s Transitional Military Council in Cairo
An official reception ceremony was held for Deby upon his arrival at the palace.
Egypt’s Human Development Report warns of GERD’s negative impact on agriculture
Regarding the GERD issue, the report said that the dam will aggravate the situation and may lead to water disputes in the region.