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Importers can now turn the page on L/Cs
Moves on import curbs + privatization: Egyptian authorities removed import restrictions and approved the state ownership policy document on Thursday,…
The bidding war for Pachin is heating up again
Yet another bidder vying for Pachin: Eagle Chemicals wants to acquire 100% of Paint and Chemical Industries (Pachin) for EGP…
Cabinet gives initial approval to freight transport privatization + makes some shop owners’ lives easier after Public Shops Law controversy
Are we one step closer to privatizing Egypt’s freight transport sector? Cabinet approved in principle the decision to grant a…
The IMF is watching what happens to the EGP in January
The IMF will be keeping a beady eye on what happens to the exchange rate when the central bank ends…
Industry players saw some good and some bad in 2022
It’s been a roller-coaster year for industry: The outbreak of the war in Ukraine at the end of February piled…
We got the IMF package — now here’s what we need to do
The IMF has approved a USD 3 bn loan for Egypt, which is expected to unlock bns of USD of…
Damietta Container & Cargo Handling lists on EGX ahead of planned IPO
The EGX has approved the temporary listing of the Damietta Container & Cargo Handling Company’s (DCHC) shares ahead of a…
Saudi sovereign wealth fund could finalize United Bank acquisition this year
PIF could acquire United Bank this month for USD 600 mn: Saudi Arabia’s sovereign wealth fund could acquire the state-owned…
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