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Earnings watch- GB Auto
EARNINGS WATCH- Leading automotive assembler GB Auto reported a consolidated net loss of EGP 150.9 mn in 2Q2017, compared to…
Speed Round
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Pharos Securities awarded licence to trade in foreign markets
Pharos Securities Brokerage was landed a licence to trade in foreign markets. The licence from EFSA allows the firm to…
Reacap and Wadi Degla Merger
Naeem subsidiary Reacap will merge with Wadi Degla Development to create an entity worth EGP 3.5 bn, according to Reuters.…
Egypt’s agri export revenues decline as bans plague export season
Egypt’s agri export revenues decline as bans plague export season: Exports of Egyptian agricultural products are expected to decline to…
Natural gas market deregulation part of move to freer markets, adds more sources -Bloomberg
Approving the law deregulating the natural gas market “effectively relieves the government from the burden of providing for the rapidly…
Is the Supply Ministry looking to liberalize wheat bran in a similar manner to flour?
Is the Supply Ministry looking to liberalize wheat bran in a similar manner to flour? After lifting subsidies from flour…
Gov’t tightens eligibility criteria for food subsidies
Gov’t tightens eligibility for food subsidies: New food subsidy ration card holders are facing tighter eligibility requirements, according to a…
South African President Jacob Zuma stares down the barrel of a parliamentary gun
South African President Jacob Zuma is staring down the barrel of a parliamentarygun: South Africa’s parliament plans to file a…
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