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Endeavour walks away from Centamin takeover bid
M&A WATCH- Endeavour walks away from Centamin takeover bid: Canada’s Endeavour Mining has decided not to renew its failed USD…
Israel begins natural gas shipments to Egypt
Big news for our regional gas hub ambitions: Israel began pumping the first natural gas destined for Egypt yesterday, almost…
EGPC borrows USD 500 mn from Afrexim, NBE to finance crude imports
The Egyptian General Petroleum Corporation (EGPC) will borrow USD 500 mn from the African Export-Import Bank (Afrexim) and the National…
Get House approval before making subsidies changes, Abdel Aal tells gov’t
Abdel Aal reminds gov’t switching to cash food subsidies needs House approval: The Supply Ministry’s plans must earn a stamp…
Mixed messages on launch date for Egypt’s commodities exchange
Mixed messages on launch date for Egypt’s commodities exchange: Trading on the Egyptian Commodity Exchange will begin by January 2021,…
Egypt moving ahead with planned shift to cash transfers from in-kind subsidies
Gov’t studying shifting to cash transfers for food subsidy recipients: The government is moving ahead with a plan to switch…
Endeavour to make new merger offer for Egypt-focused Centamin within days -sources
M&A WATCH- Endeavour to make new offer for Centamin within days, sources say: Canada’s Endeavour Mining is set to lodge…
Shalateen Mining, Z-Gold Resources partner up to extract gold from three Eastern Desert concessions
Shalateen Mining and Z-Gold Resources will join forces to search for gold in three Eastern Desert concessions after the two…
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