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What we’re tracking on 16 June 2020
So we’re heading into the longest day of the year in the northern hemisphere this coming Saturday, 20 June. That’s…
Arabic-language learning platform Zedny launches with USD 1.2 mn pre-seed investment
STARTUP WATCH- Zedny launches with USD 1.2 mn pre-seed investment: Arabic-language learning and development platform Zedny.com launches today with a…
Turkey rejects Egypt’s ceasefire proposal for Libya; WTO leadership battle + USD 249 mn for Sinai development
Shocking exactly nobody, Turkey has dismissed Egypt’s proposal for a ceasefire in Libya. Turkish Foreign Minister Mevlut Cavusoglu said the…
Egypt’s parliament approves int’l grants to develop investment, transport, sanitation
House approves EUR 122.7 mn in financing from EIB for transport, sanitation: The House of Representatives’ general assembly approved yesterday…
Earnings Watch: Orascom Development, Eastern Company
EARNINGS WATCH- Orascom Development profits fall 50% in 1Q2020: Orascom Development Egypt (ODE) profits fell 51% year-on-year to EGP 92…
BRIEFLY NOTED- CBE’s POS machines, Emaar Misr says Cairo Gate isn’t new, Sika closes Bitumode acquisition
BRIEFLY NOTED- It will cost the central bank EGP 500-600 mn to finance the cost of rolling out 100k point-of-sale…
Simplified commercial registry and a new outdoor advertising bill get nods in the House
LEGISLATION WATCH- Simplified commercial registry a new outdoor advertising bill get preliminary House nods: The House of Representatives’ general assembly…
Covid-19 hasn’t derailed Egypt’s reform drive, Al Mashat tells Bloomberg
Covid-19 hasn’t derailed Egypt’s reform drive, Al Mashat tells Bloomberg: The Madbouly government hasn’t allowed the covid-19 pandemic to derail…
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