With its growing reputation as a renewable energy producer over recent years, Egypt has relied largely on its successful utilisation of its wind resource, the most celebrated example of which is the 545-MW wind farm at Zafarana. However, the nation’s arid climate also makes it suitable for large-scale solar projects, the potential of which has been...
Over the next year, it seems likely that Egypt’s three existing mobile operators will be joined by a fourth. Telecom Egypt (TE), the majority state-owned legacy telco, has expressed a strong interest in acquiring the licence and begun negotiations with the National Telecommunications Regulatory Authority (NTRA), according to press reports. Should...
As a result of the ongoing political unrest, the expansion of Egypt’s real estate sector has slowed considerably in recent years. Since demonstrations kicked off in early 2011, developers, investors and potential purchasers have postponed many deals, and, in some cases, cancelled projects outright. While uncertainty has continued to grow in some...
CORPORATE INCOME TAX: Egyptian corporate income tax (CIT) is levied upon corporations, partnerships and branches, and on all profits earned abroad or in Egypt. Non-resident companies operating in Egypt by way of an Egyptian permanent establishment are subject to CIT to the extent that revenue is...
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