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FinMin sees budget deficit widening amid commodities price shock
The Madbouly government sees the FY 2021-2022 budget deficit target widening to 6.9% from 6.7%, Vice Minister of Finance Ahmed…
Finance
Chinese shares suffer biggest sell-off since ‘08 on covid, Ukraine fears
Chinese stocks see biggest sell-off since the 2008 recession: Hong Kong-listed Chinese stocks had their worst day since the global…
Think food prices are high now? The UN is warning that they could skyrocket another 22%
Think food prices are high now? The UN is warning that they could skyrocket another 22% and forecasts that the…
Another week of losses for US stocks, but is a bit of good news on the horizon?
Stocks finished the week on a low after days of wild swings on the back of contradictory developments in Russia’s…
BTC surges after Biden signs crypto executive order
BTC jumps after Biden takes first step to regulation: BTC surged as much as 9% to almost USD 42k last…
East Delta to build 125 MW power unit at El Arish
East Delta Electricity Production Company will establish a 125 MW combined cycle power unit at the El Arish plant, Al…
E-finance’s net income up 84% in 4Q2021
E-finance’s net income jumped 84% y-o-y in 4Q 2021 to EGP 139.3 mn, according to the company’s earningsrelease (pdf). Revenues…
Agthia still has its eye on Egypt acquisitions
UAE’s Agthia eyes more Egyptian acquisitions following more than sixfold growth in net income: Emirati state-owned investment firm ADQ Holding’s…
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