Pre-Trading Thoughts

The Finance Ministry is updating its tax policy framework so that it is more attractive to potential investors. The policy will be ready in 1Q 2025. The government expects its tax revenues to jump by around EGP 100 bn once the new policy is put in place, as a result of incorporating the informal economy and encouraging further investment. An international consortium has submitted a proposal to manage the Cairo International Financial Center (CIFC), an area of the new capital that will house f...