El Wafd Party chairman Bahaa Abu Shouka has resigned his post amid rifts in the party ahead of this year’s parliamentary elections, Youm7 reports, carrying a copy of his resignation letter. Abu Shouka wrote that his resignation is designed to help unify the party ahead of the elections, which kick off on 21 October. Al Wafd members are currently split over whether the party should contest the election as part of a coalition.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…