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Egypt postpones state privatization program, new program to be announced in two months
PRIVATIZATION WATCH- The state privatization program is officially being put on ice as the covid-19 outbreak wreaks havoc on global…
US stocks suffer worst week since 2008 as global economic outlook darkens
US equities suffered their worst week since 2008 last week as the financial and economic consequences of the covid-19 outbreak…
EGX30 ends in the green for the first time in two weeks
The EGX30 closed Thursday in the green for the first time in weeks: The benchmark EGX30 closed in the green…
Egyptian fitness startup ElCoach raises undisclosed USD six-figure seed funding
STARTUP WATCH- Egyptian Fitness startup ElCoach has raised USD six-figure seed funding from investors that include Endure Capital, 500 Startups…
Banque du Caire shelves IPO on market volatility -sources
IPO WATCH- Banque du Caire shelves IPO on market volatility -sources: State-owned Banque du Caire (BdC) has postponed plans to…
Your top infrastructure news of the week
Your top five infrastructure news of the week: The government will complete 13 industrial complexes, including nine in Upper Egypt,…
Eni is investing USD 60 mn more in Egypt
INVESTMENT WATCH- Eni is tacking on an additional USD 60 mn for its planned investments in Egypt’s Agiba: Italy’s Eni…
EGX sell-off slows following CBE’s surprise rate cut
EGX sell-off slows following CBE’s surprise rate cut: The benchmark EGX30 index dipped again yesterday, but at a slower pace…
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