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Egypt
Military companies set to keep their tax breaks

The law recently approved by the Egyptian parliament to end tax exemptions for public and military companies should spare a large swathe of the armed forces' business activities. The new legislation is part of reforms demanded by the IMF. [...]

Published on 19/07/2023 at 05:40 GMT Reading time 2 minutes

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Business

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$1.9bn in deals announced
Abdel Fattah Al-Sisi
Engineering Authority of the Armed Forces
International Monetary Fund
Mostafa Madbouly
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Inner circles | Egypt
Sisi ponders future of army chief Osama Askar

Osama Askar is about to be either reappointed or replaced as commander of the Egyptian army. He was already a member of the powerful Supreme Council of the Armed Forces before the election of Sisi and has support among the army top brass as well as the country's powerful construction conglomerates.

Subscribers only Defence 13.10.2023

The Chief of Staff of the Egyptian Armed Forces, Lieutenant General Osama Askar, in Nicosia (Cyprus) on 29 March 2022.

Egypt
Private-sector producers await renewal of cement quotas

In force since July 2021, cement production quotas are soon to be renewed. In a sector suffering from overproduction, these restrictions offer a lifeline to private-sector players facing competition from factories owned by the Ministry of Defence.

Subscribers only Defence, Business 24.07.2023

A general view of a plant of Arish Cement Co in the Egyptian Southern governorate of Beni Suef, south of Cairo, in January 2018.

Egypt
Army company privatisations plan meets resistance

The process of privatising 32 Egyptian public sector companies, two of them owned by the defence ministry, should have got under way in late April. Its very slow pace has raised doubts among foreign investors about the economic reforms planned by Moustafa Madbouli and his government.

Subscribers only Finance 17.05.2023

Inner circles | Egypt
Ayman Soliman and Mohamed Amin mastermind sovereign fund's Gulf strategy

The Sovereign Fund of Egypt is playing a leading role in trying to attract international investors to the country as it battles with a crippling debt crisis. Sisi's office is keeping a close eye on the team that runs the fund.

Subscribers only Politics, Business 05.05.2023

Egypt
Sisi's economic ambiguity fuels Gamal Mubarak's presidential ambition

Egypt urgently needs foreign investment but President al-Sisi appears more focused on pleasing homegrown firms as next year's elections loom. Gamal Mubarak, the son of ousted president Hosni Mubarak, sees this as an opportunity to firm up his own presidential ambitions.

Subscribers only Politics, Business 22.02.2023

Egyptian president Abdel Fattah Al Sisi.

Egypt
Stringent IMF loan terms put Sisi in the hot seat

The demands made by the International Monetary Fund in exchange for a $3bn loan have put the Egyptian leader in a tight spot. The reforms he has to carry out in return for the money will hurt the general population, the business community and the military.

Subscribers only Finance 25.01.2023

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$1.9bn in deals announced
Abdel Fattah Al-Sisi
Engineering Authority of the Armed Forces
International Monetary Fund
Mostafa Madbouly
Supreme Investment Council

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Egypt
Military companies set to keep their tax breaks

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Inner circles | Egypt
Sisi ponders future of army chief Osama Askar

Egypt
Private-sector producers await renewal of cement quotas

Egypt
Army company privatisations plan meets resistance

Inner circles | Egypt
Ayman Soliman and Mohamed Amin mastermind sovereign fund's Gulf strategy

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Sisi's economic ambiguity fuels Gamal Mubarak's presidential ambition

Egypt
Stringent IMF loan terms put Sisi in the hot seat

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About Africa Intelligence

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Indigo Publications' websites

Senegal Guns and oil drive Russia's Dakar courtship

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Egypt Military companies set to keep their tax breaks

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Inner circles | Egypt Sisi ponders future of army chief Osama Askar

Egypt Private-sector producers await renewal of cement quotas

Egypt Army company privatisations plan meets resistance

Inner circles | Egypt Ayman Soliman and Mohamed Amin mastermind sovereign fund's Gulf strategy

Egypt Sisi's economic ambiguity fuels Gamal Mubarak's presidential ambition

Egypt Stringent IMF loan terms put Sisi in the hot seat

Set up email notifications for these topics

About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Egypt
Military companies set to keep their tax breaks

Inner circles | Egypt
Sisi ponders future of army chief Osama Askar

Egypt
Private-sector producers await renewal of cement quotas

Egypt
Army company privatisations plan meets resistance

Inner circles | Egypt
Ayman Soliman and Mohamed Amin mastermind sovereign fund's Gulf strategy

Egypt
Sisi's economic ambiguity fuels Gamal Mubarak's presidential ambition

Egypt
Stringent IMF loan terms put Sisi in the hot seat