House signs off on FY 2026/27 budget, but demands macro reality check

Good morning, ladies and gents.

Fawry has a TPA licence — and the pricing trap that has caught existing firms is the one its model is built to avoid.

In other news, the government is moving to narrow the planned 14% VAT on leased office space, three officials tell us

You don’t want to miss our deep dive in Going Green.

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Budget clears the House

The House of Representatives gave its final nod to the FY 2026/27 budget and development plan statement

What MPs want fixed: before the regional war escalated

Tighter fiscal governance: piecemeal tax facilitation packages AI-driven property-tax digitization

REMEMBER- promising no new taxes

The new company being carved out of Ghazl El Mahalla will be launched next month

Dividing the company into two entities is meant to separate the new capacity from the legacy burden.

IN CONTEXT- told us in April keeping the door open to strategic sales

ALSO- Four more state-owned companies are set to be registered on the EGX this week earlier this month USD 4.5 bn proceeds target

Blurring public lines

The Egypt Healthcare Authority (EHA) is eyeing an EGX listing for Green Lotus Al Mal

ICYMI- signing a protocol expanding private participation in healthcare

Gas flows from Israel’s Tamar and Leviathan fields to Egypt rose 17% over the past few days to 1 bcf / d Al Arabiya

New Arab League chief

Former For eign Minister Nabil Fahmy has been appointed secretary-general of the Arab League Foreign Ministry statement

It’s nicer in Alexandria

The big story abroad

Th ere appears to be some headway on the US-Iran front temporarily authorizes denied

Meanwhile, UK Prime Minister Keir Starmer announced he is stepping down

SpaceX has good news… locked in

…and bad news: lost USD 400 bn

*** It’s Going Green day — your weekly briefing of all things green in Egypt: