Pre-Trading Thoughts

Egypt is on track to meet its target of attracting 15 million tourists this year despite the impact of the war in Gaza. The Environment Ministry is aiming to attract USD600 million in investment into six projects during 2024. The Ministry of Finance will present the new draft law on income taxes for social dialogue during the coming period for approval before taking the necessary measures to refer it to the Cabinet then the House of Representatives. The law sets the tax due at EGP1000 annua...