EGX trading hours during Ramadan will be from 10:00 am to 1:30 pm, the bourse said yesterday. The shortened trading day kicks into effect on Sunday.

Ramadan kicks off at sundown on Friday night, as matters now stand.

Gold tender results before the end of next week: The Petroleum Ministry plans to announce the results of its global gold exploration tender before the end of next week, an official from the Mineral Resources Authority told Youm7 on Monday.

The Contractors’ Compensation Act could be coming to a plenary session vote at the House by 29 May and go into effect before the end of June, Federation of Egyptian Contractors chief Hassan Abdel Aziz speculates. The bill — which will compensate contractors for losses incurred on government contracts after the EGP float — had been approved by MPs in March and passed on to the Council of State for a final revision.

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