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SODIC announces expansion plans for 2H2017
SODIC in talks over 300 feddans in North Coast, will spend EGP 750 mn to grow land bank in 2H2017:…
Speed Round
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Cabinet roundup
WEEKLY CABINET ROUNDUP- The Ismail cabinet unanimously approved legislative amendments that would allow the private sector to manage, operate, and…
Contractors to receive compensation for FX losses by the end of the current fiscal year
Contractors to receive compensation by the end of FY2017-18: The government will disburse by the end of the current fiscal…
Beltone acquisition of microfinance player Reefy is still on, could take place in 1H2018
M&A WATCH- Beltone Financial’s acquisition of microfinance firm Reefy is still on andwill take place in 1H2018, Beltone chairman Sameh…
Algebra Ventures investing USD 9 mn in tech start ups
Venture capital fund Algebra Ventures is putting USD 9 mn into technology startups, according to AMAY. Executive Director Ziad Mokhtar…
IKEA plans new investments to expand operations in Cairo and Alexandria
INVESTMENT WATCH- IKEA plans new investments to expand operations in Cairo and Alexandria: IKEA is looking to make new investments…
BlackRock interested in Egyptian debt
BlackRock’s head of emerging stocks sees value in Egypt and is keen on international and local currency bonds there. BlackRock…
US companies, institutions pledge new investments in New York
INVESTMENT WATCH- In New York, US companies and institutions pledge new investment: The International Finance Corporation's (IFC) executive board agreed…
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