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Also on our Radar on 13 April 2021
Things we’re keeping an eye on this morning: Ora Developers and Telecom Egypt have signed a cooperation agreement that will…
Civil servant raises under review + FY2019-2020 budget report approved
A draft law stipulating an increase in civil servants’ basic salaries as of the next fiscal year is now with…
Current account deficit widens to USD 4.8 bn in 2Q2020-2021
Egypt’s current account deficit widened to USD 4.8 bn in 2Q2020-2021, from USD 3.2 bn in the same period last…
Negligence to blame for Sohag train crash -public prosecution
The public prosecution has found that gross negligence by railway staff was responsible for last month’s deadly train collision in…
Railway, media authorities are deeply in the red
The National Railway Authority (NRA) and the National Media Authority (NMA) posted the largest losses among all state institutions in…
Egypt + MENA to face higher financing needs post-covid -IMF
Rising financing needs in Egypt and MENA could threaten the post-covid recovery — and limit the scope for fiscal spending…
This Carbon Holdings subsidiary is in trouble
Carbon Holdings’ EHC needs to restructure USD 600 mn in debt: Carbon Holdings subsidiary the Egyptian Hydrocarbon Company (EHC) is…
Economic Reform Program 2.0?
It appears that the government is working on an update to the 2016 economic reform agenda that will focus on…
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