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Egypt’s bourse completes reclassification of constituent industries
REGULATION WATCH- EGX completes reclassification of constituent industries, changing 42 companies’ industry classification: The EGX has completed its review of…
Egypt records state budget deficit of 2.1% in 1Q2019-20
BUDGET WATCH- State records budget deficit of 2.1% in 1Q2019-20: The Finance Ministry’s latest fiscal performance report (pdf) showed a…
Egyptian officials to inspect wheat shipments abroad
Agriculture Ministry officials will be allowed once again to travel abroad to inspect wheat shipments at the port of origin,…
Egypt’s EFG subsidiary is first to issue short-term debt under new FRA framework
DEBT WATCH- EFG Hermes subsidiary to end decade-long dry spell for corporate bond issuances: EFG Hermes subsidiary Hermes Securities Brokerage…
Pyramisa to open its Dubai hotel in 1Q2020
Pyramisa Hotels to open its EGP 250 mn Dubai hotel in the first quarter of 2020, Chairman Magdi Azab said,…
Pharma companies' overdue export subsidies reach EGP 500 mn
Pharma companies are claiming they are collectively owed some EGP 500 in export subsidies from the government, Medical Industries Export…
Paul Volcker: A lesson in the importance of long-term thinking
Monetary policy legend Paul Volcker remembered for the lesson he taught regulators: Former US Fed Chairman Paul Volcker was most…
What we’re tracking on 15 December 2019
News this morning is as thin as trading volumes on the EGX, unusual for a Sunday morning. Has the dreaded…
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