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Gold picked up yesterday after US job opening data disappointed
It’s all eyes on DC for Jobs Friday tomorrow…
War in Gaza and falling gas production continue to be thorns in economy’s side, says BMI report
The report estimates that foreigners hold around half of treasury bills, amounting to about 90% of FX reserves
To cut, or not to cut, that is the question
Good morning, friends. It’s finally Thursday and the weekend is nearly upon us. But there’s still one whole work day…
BP to invest USD 400 mn in two new wells. PLUS: Agiba, Pickalbatros, Juba, Alexandria Port Authority, El Araby Group, carbon credits
The two wells will add a combined daily 400 mn cubic feet of gas to BP’s output
Fresh details on the move to cash-based subsidies
We could see the initial phases of the implementation of cash-based subsidies at some point during the next fiscal year
Qalaa settles EGP 3.34 bn of debt in exchange for a stake in Taqa
Qalaa will retain the right to repurchase its shares in the energy distribution company from the banks for the next…
Non-oil private sector activity grows after three years in contraction
Our PMI left contraction territory for the first time since November 2020
Non-oil private sector activity grows after three years in contraction
Good afternoon, friends. It’s another busy day for business news in Egypt, with the release of S&P Global’s Egypt PMI…
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