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Orascom Construction suspends tax payment to Egypt

Reuters – Orascom Construction Industries has suspended payment of a 31 December instalment of an EGP 7.1bn ($1.02bn) tax settlement with Egypt’s government, its Amsterdam-listed parent company OCI NV said on Wednesday. The settlement was agreed last April, when Islamist President Mohamed Morsi was still in office, and related to claims the company had failed …

Daily News Egypt

The social isolation of Ikhwan

The Muslim Brotherhood announced a few days ago that they will protest on Tuesday in support of Morsy’s latest decree in Abdeen Square. Residents of Abdeen area hung up a banner reading, “Ikhwan not welcome.” The Brotherhood moved the protest to the vicinity of Cairo University. The students on social media outlets promised them a …

Fady Salah