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Israeli tourists unfazed by travel warnings flock to Sinai for Rosh Hashanah
“We’re not scared,” say Israeli tourists who are flocking to Sinai despite travel warnings to the area, writes Avital Zippel…
Speed Round
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Ismail orders formation of cabinet committee to resolve investment disputes
Prime Minister Sherif Ismail ordered the formation of a cabinet committee to resolve investment-related disputes, a decision which was published…
The taxman wants a piece of your e-commerce pie
The taxman wants a piece of your e-commerce pie: The Tax Authority is assessing putting in place regulations that would…
Egypt to repay USD 5.2 bn in Afrexim Bank debt before December’s end
Egypt is making a USD 5.2 bn payment to Afrexim Bank before the end of December, Al Mal reports. USD…
Spinneys to invest EGP 250 mn in doubling number of branches to 24 by 2019
INVESTMENT WATCH- Supermarket operator Spinneys is planning to invest more than EGP 250 mn to double its number of branches…
Oppo interested in establishing phone assembly in Egypt
INVESTMENT WATCH- Chinese electronics firm Oppo just short of pledging to open a smartphone plant in Egypt. The company’s president…
Enppi expected to list by 1Q2018, first phase of IPO to take 18-24 months
IPO WATCH- Enppi expected to list by 1Q2018: The IPO of petroleum services outfit Enppi is expected to take place…
Egypt tops MEA countries in offshoring attractiveness -A.T. Kearney
Egypt is the top African and Middle Eastern location for offshoring, according to A.T. Kearney’s Global Services Location Index for…
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