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Egyptian economy to grow at 2.5-3% clip in FY2020-2021 -HSBC
HSBC sees the Egyptian economy growing at a 2.5-3% clip in FY2020-2021 as strong economic fundamentals help the country weather…
UK’s CDC Group taps Sherine Shohdy as Egypt coverage director; Bassam Fayed appointed assistant tourism minister
MOVES- The UK’s CDC Group has appointed Sherine Shohdy (LinkedIn) as its new coverage director in Egypt, establishing a “permanent…
Jaz Group to inaugurate Hurghada, Soma Bay hotels in September
Jaz Hotel Group will open two new hotels this September, one in Hurghada and the other in Soma Bay, at…
Optimism for a recovery following a 2020 pummeling in the Middle East
2020 sucks, but folks in the GCC are increasingly optimistic about prospects for a recovery: Although low oil prices and…
Non-oil business activity hits 12-month high in July
Non-oil business activity hits 12-month high in July: Activity in Egypt’s non-oil private sector contracted at its slowest rate in…
Earnings Watch: Centamin Mining, Ezz Steel, Juhayna, Amer Group, MNHD, ERC
EARNINGS WATCH- Centamin Mining pre-tax profits surge on rising gold prices, higher production: Centamin Mining’s pre-tax profits soared by 221%…
Egypt’s tourism losses could top 2% of GDP this year, IMF says
Egypt could lose out on tourism revenues worth more than 2% of its GDP this year due to global travel…
Cabinet approves decision to appoint an executive to lead the Tourism Promotion Authority
CABINET WATCH- Cabinet approves decision to appoint an executive to lead the Tourism Promotion Authority: The Tourism Promotion Authority will…
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