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Government inks agreement with China’s AVIC for electrical rail line
China’s AVIC lands Salam City-New Capital electric rail contract: The National Authority for Tunnels (NAT) signed an agreement yesterday giving…
Speed Round
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Sahar Nasr meets with EBRD in London, tells CNBC economic reforms are paying off
Nasr talks future cooperation with EBRD officials in London: Investment Minister Sahar Nasr met top officials at the European Bank…
Unemployment rate down to 11.98%
The unemployment rate dropped to 11.98% in 2Q2017 from 12.5% a year earlier, according to a CAPMAS report. The number…
Foreign currency earners in Egypt bounce back
Tourism receipts almost tripled and remittances rose in the last three months of FY2016-17, “marking another step in [Egypt’s] economic…
No confirmation on Alwaleed investing in Egypt Ventures -MIIC
CORRECTION- A senior official at the Investment and International Cooperation Ministry contacted us yesterday to confirm that Prince Alwaleed bin…
Japanese economy on growth streak
Some good news on the economy out of Japan for a change: The Asian giant has posted its longest unbroken…
Angry birds set for potential USD 2 bn IPO — will it fly?
IPO WATCH- Angry birds is set for potential USD 2 bn IPO — will it fly? Rovio Entertainment, makers of…
New Emaar IPO
IPO WATCH- Emaar is planning to offload 30% of its UAE real estate business in an IPO, according to the…
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