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State grain buyer GASC has purchased 120k tonnes of Russian wheat
State grain buyer GASC purchased yesterday 120k tonnes of Russian wheat, according to Reuters. The shipment will bring Egypt’s total…
EgyptAir gets a breather on jet fuel arrears to EGPC
CABINET WATCH- EgyptAir gets a breather on arrears to EGPC: The Madbouly Cabinet agreed yesterday to waive 50% of the…
Is Egypt ready for electric vehicles?
Is Egypt ready for electric vehicles? Over the past year, the Madbouly government has enacted policies to encourage the embryonic…
Diplo + Foreign Trade: Russia, Germany backs Egypt’s Libya peace initiative; cotton exports down
Russia sees Egypt’s peace initiative as the primary forum in which Libya’s future will be decided, Reuters reports, piggybacking on…
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…
Gov’t spent EGP 63 bn of covid-19 stimulus program as FinMin provides breakdown
Egypt has deployed EGP 63 bn of its covid-19 stimulus program: The government has spent EGP 63 bn of the…
Katilo invests EGP 90 mn New Damietta City factory
Dairy products manufacturer Katilo will begin operations at its new EGP 90 mn factory in New Damietta City next month,…
New oil well discovered in Egypt’s Western Desert
Borg El-Arab Petroleum and Mineral Company — a JV between the EGPC and Kuwait Energy — has discovered a new…
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