FinMin keeps the solidarity tax shift on the top line

Good morning, ladies and gents and happy new hijri year!

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Slightly softer solidarity contribution

The government is delaying its promised overhaul of the solidarity contribution companies pay to help fund the Universal Health Ins. s ystem

Rejected compromise:

A softer fix for a multi-year saga: corporate push back in 2019 reviving plans last year told us

Real estate taxes? There’s an app for that

T he Finance Ministry launched Egypt’s first real estate tax mobile app real estate taxes statement

Here’s what we can expect from the app:

Why it matters: tax revenues by 1-2% of GDP

Pickalbatros Hotels & Resorts received the green light to borrow USD 200 mn from the World Bank for its Morocco expansion Arabic press

Doubling down on Morocco: pledged USD 140 mn in investments acquired four hotels filed to acquire later approved by regulators

Expanding at home and abroad: acquired Oberoi Beach Resort Sahl Hasheesh

It’s nicer in Alexandria

And over the long weekend,

You can survive a bad investment, but you cannot undo a severance package you never negotiated.

You're at the stage where the questions have shifted: who gets what, whether your estate survives you intact or gets tied up in courts, whether you exit on your terms or let timing decide for you.

Retirement isn't a finish line but a structure problem, and most people get it wrong. It's not because they ran out of money but because they never asked the right questions at the right time.

In the final issue of Money Matters

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The big story abroad

The details of the US-Iran agreement are out Reuters

The Nuclear equation:

And in business news: extended its rally

*** It’s Hardhat day — your weekly briefing of all things infrastructure in Egypt: