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Core inflation rises to 40.3% y-o-y in May + Iraq’s PM is in town
Iraq and Egypt are set to sign a raft of cooperation agreements this week
Russian citizen dies in Hurghada shark attack
Authorities have closed the coastline in response
Roche partners with Eva Pharma to produce meds for organ transplant patients
Organ transplant patients will soon have access to locally produced meds
SEII close to acquiring 70% of state-owned glassmaker
SEII will buy into the company through a capital increase
Mashreq to expand digital platforms in Egypt this year. PLUS: Trouble at Alfa Market, Elsewedy eyes interconnector in Southern Africa
We discussed the lender’s growth strategy with Mashreq Egypt country head and CEO Amr El Bahey this week
Senate approves FY 2023-24 development plan
Government to control foreign borrowing, says planning minister
Sumitomo Electric breaks ground on pigtails cable factory. PLUS: Lighthouse Education, Rameda Pharma, new tourism figures
The factory is expected to be the company’s largest in the world
Samsung to establish new smartphone assembly plant in Beni Suef
The company will begin work on the factory in 4Q 2023
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